Japan's government laid out a fresh plan to boost childcare over the coming three years to stem a relentless drop in the country's birth rate, a move that may lead to another big spending package and strain its already tattered finances
Under the plan, the government will take steps such as expansion of child allowances to be given without income limits.
"The government may end up issuing extra bonds, arguing that education-oriented bonds help future generations." Ranil Salgado, the International Monetary Fund's Japan mission chief, urged Tokyo to target such financial incentives towards low-income households.
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