Japan to allocate more funds for fisheries industry

5 September 2023
2023-09-05 10:03

Japan's government says it has compiled emergency measures to support the fisheries industry. It will provide roughly 140 million dollars, to the sector that has been hit hard by China's suspension of Japanese seafood imports.

China halted the shipments on August 24th in response to Japan's release of treated and diluted water from the Fukushima Daiichi nuclear power plant. The move is a huge blow for people in the fishing industry. Some of the emergency funds are to be used to buy and temporarily store seafood, including scallops. 

The money will also go to finding new export markets through the Japan External Trade Organization. The government has already allocated about 550 million dollars to deal with the reputational damage to the industry and other impact from the water release.

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