Birth rates hit a record low, while foreign residents increased by 11 percent, now making up nearly 3 percent of the population.
Japan’s total population has declined for the 15th straight year in 2023, dropping by more than a half-million people as the population ages and births remain low.
The government earmarked 5.3 trillion yen as part of the 2024 budget to fund incentives for young couples to have more children, such as increasing subsidies for childcare and education and is expected to spend 3.6 trillion yen in tax money annually over the next three years. Experts say the measures are largely meant for married couples who plan to have or who already have children, and don't address the growing number of young people reluctant to get married.
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