A-ru-wai・Beikoku nendo

RY; Rice Year

The “Rice Year” relates to the trading of rice in Japan. It runs from November 1st until October 31st of the following year. The Rice Year runs from year’s end, but it is named for the calendar year in which it finishes. This differs from the way the Financial Year (Kaikei-nendo, FY), running from April 1st one year until March 31st the next, is handled. 2014 RY (or RY Heisei 26) ran from November 1st, 2013 to October 31st, 2014, whereas 2014 FY was from April 1st, 2014 until March 31st, 2015.

The Rice Year is based on the harvest, which in years past started around November: this is why it was set to begin on November 1st. However, the harvest season has become earlier in recent years, finishing in September or October, so the period of the Rice Year is now somewhat out of step with reality.