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On August 24th 2023, Japan had started discharging 'treated, radioactively contaminated water from the Fukushima Daiichi Nuclear Power Plant' into the Pacific Ocean. The Japanese Prime Minister, Fumio Kishida, said that the Government took every step to ensure the safety of the plan, safeguard the reputation of the fishing industry of Japan and clearly explain the scientific reason behind the move. Following the announcement, China's import of Japanese seafood had declined due to the ban imposed by Beijing on Japan's marine products. A similar ban was imposed by Hong Kong. According to the environment officials, this ban would continue in Hong Kong till Government tests and third-party evaluation proved that the goods affected were safe after the release of nuclear wastewater into the Pacific Ocean. Some of the fish sellers in Hong Kong opined that the ban could improve their local fish sales. However, according to a food caterer in Hong Kong, the ban could result in a business overhaul and finding substitutes for Japanese seafood might be difficult. Will the ban hurt the Japanese seafood industry? What were the economic implications for all the stakeholders involved?