Japan’s $25 Billion Plan to Tackle Slumping Birth Rate

2023-06-01 20:58:00

The Prime Minister of Japan revealed plans to invest 860 billion baht to tackle the country’s slumping birth rate.

Foreign news agencies reported that On Thursday, June 1, 2023, Prime Minister Fumio Kishida of Japan It unveiled a plan to invest US$25 billion over the next three years to increase support for young people and families. hopes to increase the birth rate in a country that has fallen to a critical point

The plan includes increasing the amount of subsidies that will go directly to families with children. and increase financial assistance for education and antenatal care. It also encourages more flexible work styles in the workplace and allows fathers to take time off to be with their newborn babies.

Mr. Kishida said He is proposing a new policy to address the unprecedented drop in the birth rate. as well as steps to increase the incomes of the next generation of young people and children. without allowing the society to bear more burdens.”

Japan is facing one of the world’s worst birth rates and the second-highest population in the elderly following Monaco, and strict immigration rules have made Japan a shortage. with more labor

Today, this country of 125 million people Less than 800,000 children are born each year, the lowest since records began. While the cost of caring for the elderly has continued to increase.

at a meeting on Thursday Mr. Kishida stated that He wants a budget of 3.5 trillion yen (regarding $25 billion) to fund the policy to reverse the birth rate crisis over the next three years, but has drawn criticism. Because the government has not said where the budget will come from. In addition to reducing expenses in other parts

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