TOKYO – Japanese Prime Minister Fumio Kishida is devoting trillions of yen to what he described as an “epoch-making” bid to reverse an acute existential crisis for his country: the plunging fertility rate.
Under the plan, which his Cabinet signed off on Tuesday, the annual childcare budget will be raised by 500 billion yen (S$4.8 billion) to 3.5 trillion yen over three years from April 2024.
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