The House of Representatives on Friday enacted three bills related to farmers' cooperatives that aim to help promote reorganization of the Japan Agricultural Cooperatives and prevent failures of financial institutions affiliated to the JA.
The House of Councilors already approved the bills.
One of the bills will allow Norinchukin Bank to provide management advice to troubled agricultural cooperatives and their federation.
Another revises the current agricultural cooperatives law to enable nonagricultural companies to become formal members of the JA.
The third bill revises the regulations of Norinchukin Bank to allow it to extend loans to industries outside the agriculture sector.
Fish laws passed
The Diet passed into law Friday four bills aimed at reforming fisheries policies in a bid to develop the fisheries industry and attain a stable supply of marine resources.
The House of Councilors endorsed the bills at a plenary session following their May 31 passage by the House of Representatives.
The legislation comprises a new fisheries basic law on policy principles, and revisions to the fisheries law, marine resource administration law and fisheries port law.
The basic law encompasses the whole industry to widen the scope of policy measures from the current one focused on the coastal fishing industry. It calls for revising policies every five years to secure a stable supply of marine resources through a combination of resource administration, fish farms and imports.
The revised laws seek a recovery of coastal marine species through fishing quotas and limits on the size of fishing vessels, and also call for three regional coordination committees to administrate widely migrating fish species.