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Japan’s First-Half Food Exports Decline for First Time in Four Years

by Ella

Japan experienced a 1.8% drop in exports of agricultural, forestry, fishery products, and other food items during January-June 2024, totaling ¥701.3 billion. This marks the first decline in four years, as reported by the agriculture ministry.

The last instance of a year-on-year decline in first-half exports occurred in 2020, during the height of the COVID-19 pandemic, when global economic conditions were severely disrupted.

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The recent figures, released on Friday, primarily reflect China’s ongoing ban on Japanese fishery products since last summer. This ban was implemented in response to concerns over tritium-containing treated water discharged from the Fukushima No. 1 nuclear power plant, operated by Tokyo Electric Power Company Holdings.

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