Abe’s Farmers Fighting Fat as Trade Talks Mean Tariff Cuts
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From rice for controlling blood glucose levels to soybeans that reduce fatty acids, Japan is seeking new ways to make money from agriculture as pressure mounts to cut the tariffs its farmers rely on to make a living.
Prime Minister Shinzo Abe’s government estimates there’s a potential 600 billion yen ($6.2 billion) market for so-called functional foods, strains of mostly fruits, vegetables and grains with provable health benefits beyond regular nutrition. He’s put 2 billion yen into the agriculture ministry’s coffers for a three-year project to develop new varieties of rice, soybeans, barley, onions and buckwheat.