Japan's Beef Market

Japanese beef consumption has been buffeted by severe shocks for over 15 years. As both a competitor of U.S. imported beef and a purchaser of U.S. Feedstuffs, Japanese beef production has also suffered setbacks. As a result of the discovery of bovine spongiform encephalopathy (BSE), U.S. beef was completely banned from Japan's market in 2004 and has had only limited access since. In the aftermath of the BSE-related shocks that have affected consumption, production, and trade, a review...
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Japanese beef consumption has been buffeted by severe shocks for over 15 years. As both a competitor of U.S. imported beef and a purchaser of U.S. Feedstuffs, Japanese beef production has also suffered setbacks. As a result of the discovery of bovine spongiform encephalopathy (BSE), U.S. beef was completely banned from Japan's market in 2004 and has had only limited access since. In the aftermath of the BSE-related shocks that have affected consumption, production, and trade, a review of the entire Japanese beef market may provide insight into the potential for growth in Japanese beef consumption. It may also reveal the extent to which future Japanese beef production can satisfy a share of consumption and remain a market for U.S. feedstuffs and what the current and future role of U.S. beef might be in satisfying Japanese consumption.