Japan: Supplementary Budget Anticipates Impact of FTAs

Commodities

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