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Fortune
Fortune
Chloe Taylor

Japan is upping its offer to move families out of Tokyo to 1 million yen per child

A young boy is pictured in Tokyo on New Year's Eve, 2022, waving a Japanese flag. (Credit: Tomohiro Ohsumi—AFP/Getty Images)

Japan’s population is getting older, fast—and the government is willing to pay families with children thousands of dollars in a bid to distribute its younger citizens more evenly across the country.

The Japanese government has pledged to increase the amount it’s offering families to move out of the greater Tokyo area, announcing last week that it will raise the payment to 1 million yen ($7,660) per child from April.

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