Japan: Supplementary Budget Anticipates Impact of FTAs

The Government of Japan’s 2017 supplementary budget provides the Ministry of Agriculture, Forestry and Fisheries (MAFF) with an additional 317 billion Japanese yen (US$ 2.9 billion) for support measures in response to the Trans Pacific Partnership Agreement and the Japan-European Union Economic Partnership Agreement. A new measure to support cheese production was introduced. The 2017 supplementary budget is the third consecutive annual supplemental budget to provide more than 300 billion Japanese yen (US$ 2.75 billion) in support of Japanese agricultural improvements.

Japan: Supplementary Budget Anticipates Impact of FTAs