Controversial spot: Workers sorting out seafood caught in offshore trawl fishing at Matsukawaura port in Soma City, Fukushima prefecture, about a week after Japan began discharging treated wastewater from the Tepco Fukushima Daiichi nuclear power plant. — AFP
PRIME Minister Fumio Kishida announced a ¥20.7bil (RM659.54mil) emergency fund to help exporters hit by China’s ban on Japanese seafood over the release of treated radioactive wastewater from the damaged Fukushima nuclear power plant.
The discharge of the wastewater into the ocean began Aug 24 and is expected to continue for decades. Japanese fishing associations and groups in neighboring countries have strongly opposed the release.
In addition to China’s ban on all Japanese seafood imports, Hong Kong has banned Japanese seafood from Fukushima and nine other prefectures.
Chinese trade restrictions have affected Japanese seafood exporters since even before the release began, with shipments held up at Chinese customs for weeks. Prices of scallops, sea cucumbers and other seafood popular in China have plunged.
The ban has affected prices and sales of seafood from places as far away from Fukushima as the northern island of Hokkaido, home to many scallop growers.
Kishida said the emergency fund is in addition to ¥80bil (RM2.55bil) that the government previously allocated to support fisheries and seafood processing while combating damage to the reputation of Japanese products.
“We will protect the Japanese fisheries industry at all costs,” Kishida said, asking people to help out by serving more seafood at dinner tables and other ways.
The money will be used to find new markets for Japanese seafood to replace China and fund government purchases of seafood for temporary freezing and storage. The government will also seek to expand domestic seafood consumption.
Officials said they plan to cultivate new export destinations in Taiwan, the United States (US), Europe, the Middle East and some South-East Asian countries like Malaysia and Singapore.
Kishida talked with workers at a fish market last Friday to assess the impact of China’s ban and pledged to protect Japan’s seafood industry. He headed to Indonesia yesterday to attend the annual Asean Summit, where he may face criticism over the wastewater release from Chinese Premier Li Qian, who is also attending.
Large amounts of radioactive wastewater have accumulated at the Fukushima plant since a massive earthquake and tsunami in 2011 destroyed its cooling systems and caused three reactors to melt.
All seawater and fish samples taken since the release of the treated wastewater began have been way below the set safety limits for radioactivity, Japanese officials and the plant operator say.
Mainland China is the biggest overseas market for Japanese seafood, accounting for 22.5% of the total, followed by Hong Kong with 20%, making the ban a major blow for the fisheries industry.
Seafood exports are a fraction of Japan’s total exports and the ban’s impact on overall trade will be limited unless tensions escalate and China widens its restrictions to other trade sectors, said Takahide Kiuchi, executive economist at Nomura Research Institute.
Beijing is angry over US trade controls that limit China’s access to semiconductor processor chips and other US technology on security grounds. Japan has also curbed exports of chipmaking technology.
Such restrictions imposed by Tokyo and possible future steps could cause an escalation of Chinese trade bans against Japan, Kiuchi said.
“Taking into consideration such risks, the Japanese government needs to carefully think about how to deal with worsening ties with China, not just over the treated water discharge but also how it should cooperate with the US in areas of investment and trade restrictions with China,” Kiuchi said in a recent analysis. — AP
