TOKYO: Japan's government laid out a fresh plan on Friday (Mar 31) 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. Under the plan, the government will take st
TOKYO: Japan's government laid out a fresh plan on Friday 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.
"A boost to child allowances alone could cost 2 to 3 trillion yen. It sounds like the same old spending spree, which did not necessarily help turn around the birth rate," said Takahide Kiuchi, a former central bank board member and now an economist at Nomura Research Institute. Ranil Salgado, the International Monetary Fund's Japan mission chief, urged Tokyo to target such financial incentives towards low-income households.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan restricts chipmaking equipment exports as it aligns with US China curbsTOKYO: Japan said on Friday (Mar 31) it will restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a US push to curb China's ability t
Read more »
Inflation in Japan's capital slows for 2nd month, still above BOJ targetTOKYO : Core consumer inflation in Japan's capital Tokyo slowed in March for a second month but remained well above the central bank's 2 per cent target, data showed on Friday, highlighting broadening price pressures in the world's third-largest economy.The data underscores the challenge incoming Bank of
Read more »
Inflation in Japan's capital slows for 2nd month, remains above BOJ targetTOKYO :Core consumer inflation in Japan's capital Tokyo slowed in March for a second month but remained well above the central bank's 2 per cent target, data showed on Friday, highlighting broadening price pressures in the world's third-largest economy.A separate index stripping away energy prices rose at th
Read more »
Inflation in Japan's capital slows for 2nd month, remains above BOJ targetTOKYO :Core consumer inflation in Japan's capital Tokyo slowed in March for a second month but remained well above the central bank's 2 per cent target, data showed on Friday, highlighting broadening price pressures in the world's third-largest economy.A separate index stripping away energy prices rose at th
Read more »
IMF urges BOJ to allow longer yields to move more flexiblyTOKYO : The Bank of Japan (BOJ) should consider allowing the longer end of the bond yield curve to move more flexibly even as it maintains ultra-loose monetary policy, Ranil Salgado, the International Monetary Fund's Japan mission chief, said on Friday.'Policy should remain accommodative for now,' Salgado
Read more »
Japan unveils fresh childcare plan but $61b funding may not be enoughMove may lead to another big spending package and strain country's already tattered finances Read more at straitstimes.com.
Read more »