It's 'now or never' to stop Japan's shrinking population, PM says

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It's 'now or never' to stop Japan's shrinking population, PM says
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Japanese Prime minister Fumio Kishida pledged on Monday to take urgent steps to tackle the country's declining birth rate, saying it was 'now or never' for one of the world's oldest societies.

Japan's Prime Minister Fumio Kishida is seen on the monitor of a TV camera while he delivers his policy speech during the first day of an ordinary session at the lower house of parliament in Tokyo, Japan January 23, 2023. REUTERS/Kim Kyung-Hoon

Japan has in recent years been trying to encourage its people to have more children with promises of cash bonuses and better benefits, but it remains one of the most expensive places in the world to raise a child, according to surveys. That most likely precipitated a further population decline in a country where the median age is 49, the highest in the world behind only the tiny city-state of Monaco.

"It is now or never when it comes to policies regarding births and child-rearing - it is an issue that simply cannot wait any longer," he added.

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