The Cabinet on Friday approved a ¥2 trillion package to expand the scope of free education and child care services as part of Prime Minister Shinzo Abe’s push to address challenges to long-term growth posed by Japan’s declining birthrate and aging society.
The government hopes the policy package, consisting of ¥1.7 trillion from tax revenue and ¥300 billion sourced from corporate contributions, will help aging Japan maintain its global competitiveness.
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