Japan: Emergency Economic Package to Alleviate Food Price Hikes

  |   Attaché Report (GAIN)   |   JA2022-0039

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Japan: Emergency Economic Package to Alleviate Food Price Hikes

On April 26, the Japanese Cabinet approved a 6.2 trillion yen ($48 billion) emergency economic package to mitigate the effect of surging energy and food prices on households and small businesses. The Ministry of Agriculture, Forestry and Fisheries will receive 75.1 billion yen ($582 million) to facilitate increased use of domestic grains, wood, and seafood products in favor of imports, diversification of fertilizer input suppliers, and increased feed price support for livestock feeders.

East Asia and the Pacific, Japan

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