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Tokyo –
The Japanese government will allocate 26 billion dollars for the new baby
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Care measures, slightly more than previously estimated, in step
It is likely to add more debt to the world’s heaviest industrialized country
public debt burden.
Prime Minister Fumio Kishida has pledged to double that number
Over the next three years to arrest the country
Declining birth rate, even if it means increasing exacerbations
The government’s fiscal position.
Kishida told ministers on Wednesday that he wanted to
Increased planned spending on child care, which comes on top
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The administration’s economic policy agenda for the middle of the year
Guidelines to be adopted in mid-June.
Actions aim to support higher education,
Preventing mistreatment of children in poverty, and ensuring medical care for them
Economy Minister Shigeyuki Goto cited disabled children
Kishida says at the ministers meeting.
He added that there was no discussion about funding sources.
Japan is already the most indebted country in the industrialized world
A government with a public debt more than twice its size
its economy.
The government is leaning towards introducing a new type
Bonds to raise money for tuition fees, Kyodo News
mentioned.
Talking about this budget comes at a delicate time when
The government is trying to bring in the primary budget surplus during
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Government debt balloons, said Koya Miamae, chief economist
at SMBC Nikko Securities.
It can complicate matters when it comes to the bank
From Japan to change monetary easing with the risk of rising
borrowing costs.”
Ghost doubling childcare alongside the military
The spending is intended to deal with threats from China and North Korea
Contradicts any move towards financial reform.
Kishida has ruled out increasing sales tax as an option.
While his government is looking to take advantage of the increasing premiums for
General medicine and cut other social care expenditures to fund it
More spending on child care.
Births in Japan fell to a record low in 2022, it’s official
It is estimated to drop below 800,000 for the first time – a
A watershed moment came eight years ago
Government expected.
($1 = 135.0500 yen)
(Reporting by Yoshifumi Takemoto and Tetsushi Kagimoto; Editing
Written by Himani Sarkar and Kim Coghill)
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