The Japanese government is planning to set aside about 20 billion yen (US$136.77 million) to support fishery businesses after China's total import ban of Japanese marine products, Kyodo news agency reported on Saturday.
TOKYO (Reuters) -Japan's Prime Minister Fumio Kishida said on Thursday he would compile measures to help the fishing industry hit by China's ban on Japanese seafood, after visiting Tokyo's biggest fish market. The government will tap additional funds of about several tens of billions of yen (hundreds of millions of dollars) from the government's budget reserves for the current fiscal year to fund the measures, the Nikkei reported on Thursday. "I will put together measures given the variety of opinions I heard from the fishing industry today," Kishida said to reporters following a visit to Toyosu fish market on Thursday, adding that requests included support to help fishing companies develop new sales avenues and holding discussions with China.
Japan will tap additional funds to help the fisheries industry after China banned Japanese seafood in response to the release of water from the Fukushima nuclear plant last week, the Nikkei.