Economics
Breaking Kids Out of Poverty Cycle Key to Japan's Fiscal Future
- Japan ranks among worst for single-parent children in poverty
- Poor families risk passing poverty to next generation
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Abenomics may have helped double stock prices and enabled companies like Toyota Motor Corp. to post record profits in Japan, but one segment of the economy remains behind: The poor.
One in six Japanese children live in poverty, the highest level since records began in 1985, according to the latest government figures. That number rises to 55 percent among children in single-parent families-- among the worst for countries in the Organisation for Economic Cooperation and Development.