Skip to main content
Tags: japan | pm | birthrate | crisis

Japan PM Unveils $25B Plan to Tackle Birthrate Crisis

fumio kishida looks on
Japan's Prime Minister Fumio Kishida (AP Photo)

Thursday, 01 June 2023 09:22 AM EDT

Japan's prime minister unveiled a $25 billion plan on Thursday to expand support for young people and families in a bid to help raise the country's plummeting birthrate.

Larger direct subsidies for those with children and more financial help for education and prenatal care are on the cards, along with the promotion of flexible work styles and paternity leave.

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".

"We will move forward with these measures to fight the falling birthrate without asking the public to bear a further burden," he told ministers, experts and business leaders gathered to discuss the issue.

While many developed countries are struggling with low birthrates, 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 labor shortages.

The country of 125 million recorded fewer than 800,000 births last year, the lowest since records began, while the cost of elderly care soared.

At Thursday's meeting, Kishida said he wanted to budget roughly 3.5 trillion yen ($25 billion) over the next three years for the policies.

The drive has drawn criticism, however, for its failure to identify funding sources other than spending cuts elsewhere and improving the economy.

© AFP 2024


Newsfront
Japan's prime minister unveiled a $25 billion plan on Thursday to expand support for young people and families in a bid to help raise the country's plummeting birthrate. Larger direct subsidies for those with children and more financial help for education and prenatal care...
japan, pm, birthrate, crisis
227
2023-22-01
Thursday, 01 June 2023 09:22 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved