• Kyodo

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Japanese government subsidies for agriculture and other industries affected by major free trade pacts, such as the Trans-Pacific Partnership, were underutilized for five years from the start of the initiative in fiscal 2016, according to government data.

The government had allocated a budget of over ¥2 trillion ($16.4 billion) to support the agriculture, forestry, and fisheries sectors from fiscal 2015 to fiscal 2021, exposed to competition from foreign rivals under new trade deals.

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