Japan to Give Families Thousands of Dollars Per Child To Move Out Of Tokyo

Japan is reportedly Giving families more money than in the past. move Tokyo is out of reach due to population concerns.

According to the government of the Asian country, it will provide as much as 1,000,000 yen. equivalent A family will receive $7,631 per child if they move out of Tokyo. Japan was already providing 300,000 yen — or around $2,289 — per kid for families who would move.

Press release published Kyodo News reported on December 29 that the initiative had been in existence since the fiscal year 2019. 2381 people left the region in the fiscal year 2021 and took advantage the financial assistance.

The outlet stated that the new amount will be presented in the fiscal years beginning next April according to a source.

Those eligible for the money include residents of Tokyo’s 23 wards and people who commute to that area from nearby regions. To be eligible for the money, people must live in one the participating areas for at least five years and have a job. They will have to return the money if they leave before the required time has expired. The money is not available to children under eighteen or those who are eighteen but in their last year of highschool.

This program could also encourage entrepreneurs to start businesses in new regions. Couples with two children younger than 18 years old who decide to move to a new area and start a business will receive up to 5 million yen (or $38,157).

If you are interested in participating in this program, please contact the local government of the area where you move after three to one year. Make sure to mention that your intention to stay at least five years. Nikkei Asia.

Authorities are attempting to support areas with declining populations by implementing this initiative. Officials are also eager To reduce the dense Tokyo area.

In 2020, Japan’s fertility rate It was 1.3 children per woman. The fertility rate needed To replace the current generation without migration is approximately 2.1 children per women in most countries. It could be an opportunity to encourage people to have more kids and move to less-populated areas.