Highlights

Tokyo is the world's largest urban city
Tokyo has an estimated 38 million people
Govt's attempt to reverse population decline in the rural regions

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This country is paying families to move out of its capital

Name: This country is paying families to move out of its capital
Uploaded: 2023-01-04T09:38:00.000+05:30
Duration: T00M46S
Channel: Editorji News Desk
Description: This country is paying families to move out of its capital

The incentive – a dramatic rise from the previous relocation fee of ¥300,000 – will be introduced in April

Updated: Sep 02, 2022 10:53

Editorji News Desk

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This country is paying families to move out of its capital

In an attempt to reverse population decline in the regions, Japan’s government is offering 1 million yen ($7,500) per child to families who move out of greater Tokyo.

Fewer people are being born, and younger people are moving to Tokyo and other metropolitan cities like Osaka, leaving the smaller parts of the country in turmoil. Small businesses and shops in smaller towns have difficulty finding customers and workers.

According to reports, the number of empty homes in Japan, which are unclaimed by heirs, will reach 10 million in 2023. On the other hand, property rates in Tokyo are skyrocketing.

The scheme has struggled to capture the public imagination since it was launched three years go, with support provided to 2,400 families in 2021.