Japanese Government to Inject Additional 186.5 Billion KRW into Fisheries Industry in Response to China's Export Ban Measures

The Japanese government has decided to provide an additional 20.7 billion yen (186.5 billion won) in support to the domestic fisheries industry in response to China's trade restrictions imposed after the discharge of contaminated water into the ocean.

According to Kyodo News on the 4th, Prime Minister Fumio Kishida held consultations with Agriculture, Forestry and Fisheries Minister Tetsuro Nomura at the Prime Minister's Office and prepared this support measure.

[Image source=Yonhap News]

The Japanese government plans to invest a total of 100.7 billion yen (907 billion won) in support for the fisheries industry by adding a supplementary budget of 20.7 billion yen to the 80 billion yen (720 billion won) fund accumulated to address reputational damage (fake news) and support fishermen.

The newly allocated funds will be used for developing new export markets and for purchasing and storing scallops that were previously exported to China.

Additionally, the Japanese government will support the introduction of equipment for seafood processing and promote the branding of Japanese seafood products.

Prime Minister Kishida emphasized, "We will protect the fisheries industry to the very end," and stated, "The government and Tokyo Electric Power Company will fulfill their responsibilities."

This content was produced with the assistance of AI translation services.