The catastrophic earthquake of 2011 in Japan was followed by the Fukushima nuclear reactor accident resulting to a severe pollution crisis in the coastal area that the Japanese Fisheries industry had to face. The coastal area of Fukushima is used by the Japanese fishermen as one of their prime fishing areas. For Japan and Japanese consumers fishery products are major ingredient elements on their daily food.

Describe the industry structure for the Japanese Fisheries. Using appropriate demand and supply diagrams discuss what the economic theory predicts to be the impact of the Fukushima nuclear accident to the Japanese Fisheries Industry . In your answer you should provide factual evidence that will be the result of your research on the topic