Keidanren Asks Tokyo: Use Tax Revenues To Raise Birth Rates

The Japan Business Federation (Keidanren) urges the government to consider using tax as an option when taking measures to address the country’s declining birthrate, Jiji Press reported.

Photo Insert: Keidanren has worked out a draft proposal on planned measures to combat the falling birthrate that will be launched by Prime Minister Fumio Kishida’s administration.

Keidanren has worked out a draft proposal on planned measures to combat the falling birthrate that will be launched by Prime Minister Fumio Kishida’s administration.

In the draft, the powerful business group calls for “the best mix” of financial resources including taxation, social insurance premiums and government bonds, together with spending reforms and other measures, Yomiuri Shimbun also reported.

The draft says the government should create an environment to facilitate higher-quality employment, structural pay increases, conversion of fixed-term workers into regular employees and promotion of housework and child care by men.

Keidanren says the government should not rely heavily on social insurance premiums to cover related costs, because their hike would lead to higher payments by businesses, Japan Times also reported.

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