Japan is out of butter

[StingingNettle]

I went to another supermarket, and then another, and there was no butter at those either. Everywhere I went there were notices saying Japan has run out of butter.

Yes, the opening sentence was not referring to Egypt, Haiti, or the Philippines. Japan too is in the cross hairs of the Mad Max eCONomy.


While soaring food prices have triggered rioting among the starving millions of the third world, in wealthy Japan they have forced a pampered population to contemplate the shocking possibility of a long-term — perhaps permanent — reduction in the quality and quantity of its food. A 130% rise in the global cost of wheat in the past year, caused partly by surging demand from China and India and a huge injection of speculative funds into wheat futures, has forced the Government to hit flour millers with three rounds of stiff mark-ups. The latest — a 30% increase this month — has given rise to speculation that Japan, which relies on imports for 90% of its annual wheat consumption, is no longer on the brink of a food crisis, but has fallen off the cliff. According to one government poll, 80% of Japanese are frightened about what the future holds for their food supply.

You can read the rest here: http://wallstreetexaminer.com/blogs/wint...#more-1586

[humbug]

japan was never big on butter, it doesn't sell too well there. thats why farmers reduced production due to low demand (last year). japan NEVER imported its butter, they just totally miscalculated. rumors like this tend to create people who start hogging and bunkering food, making it even more difficult for the end consumer to get anything.

Quote:According to one government poll, 80% of Japanese are frightened about what the future holds for their food supply.

government polls , HAHAHA. the government is completely isolated from the general population.
you mean media polls, i guess. tons of them, tons of BS, especially when you get 500 yen, or coupons for taking the time to answer.