China opens the door a crack wider to Japanese rice imports.

The Japanese ramen noodle chain, Ajisen Ramen, operates around 600 restaurants in China. But if you want Japanese rice with your noodles, you must pay about four times the price of a domestic variety. In China, Japanese rice is only for the deep-pocketed. One reason Japanese rice is so expensive is that China imposes strict controls on imports of the food staple from Japan. Some of these restrictions were introduced after the Fukushima nuclear disaster of 2011. But things may soon start to change. On May 9, the two counties struck a deal to increase the Japanese facilities that Beijing approves to process rice bound for its shores. China is a potentially a huge market for Japanese rice, but currently accounts for only 3% of overall exports. Hong Kong and Singapore, the two largest markets, take about 60% of the total. Japan’s agriculture ministry sees China as vital to achieving its target of increasing annual exports of rice and related products to 100,000 tons. In 2017, Japan exported 11,800 tons of rice, of which only 298 tons went to China. According to one estimate, China consumes about 20 times more rice than Japan.