AreaJapan

Commodity GroupGrains

CommodityAll

Date28/01/2021

Policy CategoryConsumption and marketing

Policy InstrumentSubsidies support

DescriptionApproved a JPY 1.05 trillion (USD 10.1 billion) supplementary budget of the Ministry of Agriculture, Forestry and Fisheries for the fiscal year 2020 (April-March, which may also be used for the following fiscal year. It includes JPY 353 billion (USD 3.3 billion) for COVID-19 support programmes, JPY 322 billion (USD 3.0 billion) for trade agreement countermeasures, and JPY 366 billion (USD 3.4 billion) for disaster preparedness and land reinforcement measures, as well as other objectives such as the diversion of table rice to other products. The budget for fiscal year 2021 is expected to be down by around 4.4 percent.