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

  • 📰 BISouthAfrica
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo stocks open higher after US gainsTokyo stocks opened higher Thursday following Wall Street gains as markets shrugged off messaging from the Federal Reserve reiterating its commitment to lowering inflation.
Source: TheSAnews - 🏆 25. / 59 Read more »