Japan's prime minister unveiled a $25 billion plan on Thursday to expand support for young people and families in a bid to help raise the country's plummeting birthrate. | ManilaBulletin
Larger direct subsidies for those with children and more financial help for education and prenatal care are on the cards, along with the promotion of flexible work styles and paternity leave.
"We will move forward with these measures to fight the falling birthrate without asking the public to bear a further burden," he told ministers, experts and business leaders gathered to discuss the issue. It has the world's second-oldest population after Monaco, and its relatively strict immigration rules mean it faces growing labour shortages.
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