Making way for an economic lift, the Tokyo metropolitan government plans to provide a 30,000 yen cash gift to every household welcoming a newborn. The move, which aims to promote birth and mitigate financial burdens associated with raising a child, is expected to benefit countless families across Tokyo. Details on eligibility and the application process will be clarified soon.

Japan faces a low birth rate resulting in an aging population, which in turn brings challenges for the nation’s economy and social security systems. The metropolitan government's decision is lauded as a measure to encourage childbirth and lessen the economic burden on parents. The news has garnered positive attention and is viewed as an urgent step towards counteracting the ongoing demographic crisis.

In comparison to the EU and US, where similar issues are approached via direct child allowances or tax deductions, Japan chooses to assist new parents directly via these cash gifts. The strategy draws differences in the handling of demographic issues across the globe.