TPP to Change Japan Ag Sector
Tue Oct 6, 2015 07:59 AM CDT

(Dow Jones) -- Japan's farm sector is likely in for a shakeup following Monday's Trans-Pacific Partnership trade agreement.

Prime Minister Shinzo Abe has touted a comprehensive restructuring of Japan's agriculture sector as a key element of his economic program, and the heightened competition resulting from TPP as necessary to hitting that goal.

The trade agreement will provide easier access to Japan for products such as California rice, Canadian pork, Australian beef and New Zealand butter. In the face of greater competition, many small Japanese farmers could be taken over by large enterprise operators.

Most farmers recognize the need for change, ...

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