The government said Tuesday it hopes to double the country's output of wagyu beef, known for its tenderness and marbled fat, to 300,000 tons by fiscal 2035 amid rising overseas demand.

Under the goal, which is part of a government program to support farmers and boost agricultural exports, Japan will aim to increase domestic wagyu beef production from about 149,000 tons last year by offering financial incentives to introduce breeding cows.

To expand beef exports, the government will encourage upgrades to meat processing facilities to comply with stricter U.S. and European safety standards.