TOKYO: Japan's prime minister unveiled a US$25 billion plan on Thursday (Jun 1) to expand support for young people and families in a bid to help raise the country's plummeting birth rate. Larger direct subsidies for those with children and more financial help for education and prenatal care are on the card
TOKYO: Japan's prime minister unveiled a US$25 billion plan on Thursday to expand support for young people and families in a bid to help raise the country's plummeting birth rate.
Fumio Kishida said he was proposing"policies to tackle the falling birthrate on an unprecedented scale" as well as steps to"increase income for the young, and the child-rearing generation". While many developed countries are struggling with low birth rates, the problem is particularly acute in Japan.It has the world's second-oldest population after Monaco, and its relatively strict immigration rules mean it faces growing labour shortages.
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