That’s $38 billion (USD) annually. While it sounds like a lot, it actually isn’t much relative to the severity of their situation. Politicians would rather have small failures over larger ones…
“This will bring our country’s spending per child on families to the level of Sweden,” said Prime Minister Fumio Kishida.
In other words, socialism is the key. Capitalism doesn’t work with a declining population.
The 3.5 trillion yen doubles the existing spending on childcare. Hopefully future governments continue along the same vein, because people take time in deciding to have children, and base their decisions on what they perceive to be long-term, stable situations.
More at Japan Today.