Japan’s government laid out a fresh plan to boost childcare over the coming three years to stem a relentless drop in the country’s birth rate, a move that may lead to another big spending package and strain its already tattered finances. | Reuters
“The government may end up issuing extra bonds, arguing that education-oriented bonds help future generations.”
Finance Minister Shunichi Suzuki said on Friday Japan must come up with a “permanent source of revenue” to fund childcare policies, but voiced caution over the idea of issuing extra debt. “Everyone acknowledges childcare support is important given Japan’s need to boost the growth rate. But we still believe those measures could be, or any support, should be targeted,” he told an online briefing on Friday.
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