Japan to Spend About $25 Billion on Families to Boost Births
- Kishida says will reform spending, aim not to impose burden
- Will issue special bonds to make up initial funding shortfalls
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Japan will spend around ¥3.5 trillion ($25 billion) on policies meant to bolster its sliding birthrate, Prime Minister Fumio Kishida said Thursday, without fully explaining how he will fund the plans.
“This will bring our country’s spending per child on families to the level of Sweden,” which is one of the highest among developed economies, Kishida said after a meeting of his children’s future strategy panel. The advisory panel released details of the extra annual spending that will include expanded handouts for families with children.