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HomeLatestJapan targets farm export features to blunt weak yen’s ache

Japan targets farm export features to blunt weak yen’s ache

TOKYO, Oct 07 (borneobulletin) –
When Japanese Prime Minister Fumio Kishida vowed this week to wring extra features from the weak yen, which has change into as a substitute a supply of financial ache, he was pinning his hopes on the likes of Soichi Yoshimura, 33, and his strawberry farm north of Tokyo.

Most Japanese farmers – like many different key gamers within the economic system – are up in arms in regards to the yen’s 20 per cent slide this 12 months, which has inflated prices for imported gasoline, fertiliser and different manufacturing inputs.

But prospects are totally different for Japan’s exporters of “wagyu” beef, inexperienced tea, and premium vegetables and fruit, together with the ‘Sky Berries’ from Yoshimura’s greenhouses that may fetch as a lot as JPY800 (USD5.50) or extra apiece within the supermarkets of Hong Kong, Bangkok and Singapore.

“Everyone seems worried about a weak yen,” Yoshimura stated. “But it’s good for our exports of strawberries because it helps make our prices competitive at overseas markets.”

Agriculture exports had been amongst a clutch of sectors that Kishida focused in a coverage speech on Monday – together with tourism and the development of overseas chip and battery crops in Japan – that might get a lift from the yen’s steep fall, and offset a number of the financial injury it has brought on.
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