Global Courant
TOKYO — Japanese Prime Minister Fumio Kishida is spending trillions of yen on what he described as a “pioneering” effort to reverse an acute existential crisis facing his country: its plummeting fertility rate.
Under the plan, which his cabinet signed on Tuesday, the annual childcare budget will be increased by 500 billion yen ($4.8 billion) to 3.5 trillion yen over three years from April 2024.
