First mobile phones, then faxes — now child care is the latest sector to see a shake-up from the policies of Prime Minister Yoshihide Suga.

A series of stocks of firms offering child care and education services have seen significant moves in Tokyo in recent days amid reports that Suga aims to form a new "Children’s Agency,” a government department that would oversee and strengthen policy for infants and children in a country with one of the lowest fertility rates in the world.

The policy may become a core feature of the ruling Liberal Democratic Party’s manifesto for a Lower House election that must take place this year.