Financial Times FT.com

The global food crisis

Japan thinks global to fix food shortage

By Javier Blas in London

Published: August 2 2009 23:22 | Last updated: August 2 2009 23:22

After focusing on oil, metals and minerals for decades, Japan’s huge trading houses are turning to agricultural commodities, with Tokyo enthusiastically supporting the shift amid concerns about local and global food security.

The move by the sogo shosha, or general trading companies, comes as the Japanese government prepares to launch plans this month to finance investment in food production overseas. Japan is the world’s largest net importer of food, buying in more than $40bn (€28bn, £24bn).

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