Japan: Prime Minister Office Publishes Agriculture Policy Priorities for Government Economic Package

The Government of Japan announced a new economic stimulus package of 17 trillion yen ($113 billion) on November 2, 2023. To fund the economic package, Japanese Cabinet approved a fiscal year 2023 supplementary budget proposal for 13.1 trillion ($87 billion) on November 10, 2023, of which 818 billion yen ($5.5 billion) will be allocated to the Ministry of Agriculture, Forestry and Fisheries (MAFF). MAFF intends to use the supplementary budget for strengthening food security and boosting agriculture, forestry and fisheries exports, in line with agricultural policy priorities announced by the Prime Minister’s office in October.