Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Strategic rice reserves?

by Tony Sagami on May 21, 2008

in Asian Market, Housing Market, Stock Market in China

We have our strategic petroleum reserves. China has its
strategic pork reserves (I’m not kidding) and Japan has strategic rice reserves.

Japan admitted that it has 2.6 MILLION tons of rice  stored in warehouses around
the country. The news came out because the World Bank asked Japan to release some of
its stockpiles to alleviate the rice shortage in China.

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