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However, not everyone will receive this ‘gift’. Only residents of municipalities that have signed up for Japan’s “Newlywed Support Program” will receive this money.
In this case, the newly married husband and wife must be under 40 years of age; The combined income of the two can never exceed 54 million yen.
If all goes well, Kyodo News quoted various Japanese government sources as saying on Sunday that they were considering introducing a new rule to provide financial incentives for marriage starting in April next year.
According to the media, the birth rate in Japan is very low due to the tendency to want to remain single and marry late.
To increase the birth rate, the country’s government is now considering increasing the coverage of the marriage incentive scheme to give more money to newlyweds and raise the age limit a bit.
The Newlywed Support Program now supports both husband and wife under the age of 35 and with a combined income of less than ৮ 4.6 million, up to a maximum of 300,000 yen.
As of July this year, only 261 municipalities in Japan have joined the project, representing only 15 percent of the country’s small and rural municipalities. Under current regulations, the municipality bears half the cost of the newlyweds’ cooperation; The rest is provided by the central government.
Cabinet office sources said the central government would pay two-thirds of the money handed out as ‘gifts’ if the plan to give money to more newlyweds is implemented from April 2021.
In Japan, financial incentives for marriage are considered to be quite effective in increasing the birth rate.
In a 2015 survey across the country, 29.1 percent of single men ages 25 to 34 and 16.7 percent of single women blamed lack of money for not getting married.
The survey was conducted by the National Research Institute on Population and Social Security of Japan.
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