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Japan's farms face up to $1bn hit from US trade deal

Impact lighter than under former TPP terms: government report

Cattle in Hokkaido: Beef production may decline by as much as 47 billion yen as a result of expanded American imports.   © Reuters

TOKYO -- Japanese agricultural production will decline 60 billion to 110 billion yen ($552 million to $1.01 billion) under the bilateral trade deal with the U.S., the government told a ruling party assembly Friday.

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