• Kyodo

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Japan’s agricultural, forestry and fisheries output will suffer by up to ¥150 billion ($1.3 billion) once the effects of an 11-member Pacific Rim free trade agreement kick in, according to government estimates obtained by Kyodo News on Tuesday.

The anticipated loss in output is smaller than an earlier estimate of up to ¥210 billion, which was based on the Trans-Pacific Partnership’s original membership including the United States, a major exporter of farm products.

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