The Japanese government wants to give people an extra 80,000 yen to have children, but will it work?

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grow to Lump sum allowance for childbirth and childcare this is the latest proposed plan increase the birth rate.

Japan is trying to find ways to boost its low i falling birth rate for some time, and the Ministry of Health, Labor and Social Welfare hopes that the promise of extra cash in the bank will encourage more people to add a child to their family.

Currently, new parents in Japan receive approx Lump sum allowance for childbirth and childcare in the amount of 420,000 yen (US$3,020) after the birth of the child. Minister of Health, Labor and Welfare Katsunobu Kato wants up to 500,000 yenand met with Japanese Prime Minister Fumio Kishida this week to discuss the proposal, which is expected to be approved and put into effect in the 2023 fiscal year, which begins in the spring.

However, with such an increase in the amount of funding, no one will do less motivated to have children may not be as effective an incentive either. While this is called a lump sum payment for childbirth and childcare, little if any remains of the “Birth” part. Although the scholarship is funded by Japan’s public medical insurance system, childbirth costs are covered out of pocket, and according to the Mainichi Shimbun the nationwide average delivery cost is around 473,000 yen.

This means that even if the subsidy is increased, parents will be looking at an average of less than 30,000 yen left over when they return home from the hospital, or less than the amount Asahi Breweries will give employees to eat out this holiday season. That won’t go very far compared to the total cost of raising a child to a self-sufficient adulthood, and above all, it’s doubtful that an 80,000 yen increase would exceed anyone’s “make it or break it” point. for having a child. Yes, it’s true that being cautious about your children’s financial support is bad for childbirth in Japan. The fundamental problem, however, is the parents-to-be’s lack of confidence that they will be able to earn enough to support their family while maintaining a happy and satisfying work-life balance for the many years their child will grow up. It’s hard to walk a tightrope in Japanese society, and fear of failing to do so is a much bigger contributor to the low birth rate than coming up with cash for childbirth.

All that said, a little extra cash as the family grows is something new parents would be grateful for, and the 80,000 yen increase would be the largest increase in the birth and child care lump sum allowance ever, and the first since 2009.

Sources: 47 News by Jin, Mainichi Shimbun by Hachim Kiko
Top image: Pakutaso
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