Japan is paying families R130,000 per child to move out of Tokyo as it battles population decline | Business Insider

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Japan is paying families R130,000 per child to move out of Tokyo as it battles population decline.

David MAREUIL/Anadolu Agency via Getty ImagesThe country is disbursing R130,000 per child to families who move from metropolitan wards, per Kyodo News.For more stories,The Japanese government, saddled with an ageing population and an alarming population decline in the rural areas, is now offering families up to R130,000 per child to move away from Tokyo's metropolitan area., citing a person familiar with the matter. The grant is more than triple the previous relocation bonus.

Residents living in Tokyo's 23 core metropolitan wards and the neighbouring prefectures of Saitama, Chiba, and Kanagawa are eligible for the monetary support if they move out of the metropolitan area, Kyodo News reported. The new incentive comes on top of the nearly R400,000 that Japanese families can receive if they relocate and start a business, take a job in a small to medium-sized company, or work remotely for their current job, the agency reported.

But there's a catch: Eligible families have to stay in their new region for five years, and will have to return the money if they move out of the area, per Kyodo News.An estimated 35.6 million people live in the Greater Tokyo Area, which includes Tokyo and the prefectures of Saitama, Chiba, and Kanagawa, according to

 

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