Japan is set to provide more money, around 500,000 yen (around Rs 3,00,402), which is expected to go into effect for the 2023 fiscal year, in order to increase the birth rate in the country.
Tokyo: The declining birth rate in Japan is a threat to the nation. It has been witnessing a lower birth rate for quite some time now. The country’s Ministry of Health, Labour and Welfare has been encouraging couples to add kids to their families.
According to a report in Japan Today, it also announced more money for child nutrition and encouraged families to go ahead and increase the country’s population.
Currently, the government is ready to provide a grant of 420,000 yen (roughly Rs 2,52,338 per couple) to those who give birth to a child. The minister, Katsunobu Kato, is set to provide more money, around 500,000 yen (around Rs 3,00,402), which is expected to go into effect for the 2023 fiscal year.
A grant amount increase of this scale might not be a very significant incentive, but it is also unlikely to discourage anyone from wanting children. The outlet claims that even though the award is referred to as a “Childbirth and Childcare Lump-Sum Grant” and is funded by Japan’s public medical insurance system, the child delivery charge is still paid out of the recipient’s own pocket. In the nation, delivery fees average about 473,000 yen. Even if the grant was increased, parents would only have 30,000 yen left over when they returned home from the hospital.
According to the outlet, the huge yen increase would be the largest increase ever for the Childbirth and Childcare Lump-Sum Grant and the first since 2009.
The birth rate in Japan was the lowest in more than a century, as per the government data released in 2021. The country recorded 8, 11,604 births and 14, 39,809 deaths in 2022, which led to a decline in the population to 6, 28,205—the largest natural decrease since the availability of data.