Japanese PM Kishida says addressing falling birthrate top priority

He made the comment on Monday during his policy speech on the first day of the Diet's ordinary session.

Kishida said births in Japan last year are estimated to be under 800,000. He said the government will try to implement unprecedented countermeasures to boost the number of births. He said he intends to devise steps and seek stable financial sources to achieve the goal.

The prime minister said Japan is at a critical juncture, 77 years after the end of World War Two. He said the country must break away from established past practices and create a society, economy and international orders that are suitable for a new era.

Kishida also stressed the need to bolster Japan's defense capabilities. He said the government will secure a defense budget of 43 trillion yen, or more than 330 billion dollars, over five years. He indicated that about a quarter of the funds will be raised through tax increases.

He also said the government will deal with rising prices. He said the government will make efforts to increase wages, including trying to accelerate reform of the labor market by reviewing the seniority-based wage system. Kishida also mentioned support for people who want to change their employment status from non-permanent to permanent, and support for reskilling.

Commenting on how Japan will ensure it has stable energy supplies, Kishida said the government will promote the construction of next-generation reactors at nuclear power plants and extend the operations of nuclear reactors. ...continue reading