China applied trade restrictions after Japan released treated radioactive waste water from the damaged Fukushima nuclear power plant
The discharge of the waste water into the ocean began Aug. 24 and is expected to continue for decades. Japanese fishing associations and groups in neighbouring countries have strongly opposed the release, and China immediately banned all imports of Japanese seafood. Hong Kong has banned Japanese seafood from Fukushima and nine other prefectures.
The money will be used to find new markets for Japanese seafood to replace China and fund government purchases of seafood for temporary freezing and storage. The government will also seek to expand domestic seafood consumption. Kishida heads to Indonesia on Tuesday to attend the annual summit of the Association of Southeast Asian Nations, where he may face criticism over the waste water release from Chinese Premier Li Qian, who is also attending.
Mainland China is the biggest overseas market for Japanese seafood, accounting for 22.5% of the total, followed by Hong Kong with 20%, making the ban a major blow for the fisheries industry.
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