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Japan is offering young parents a million yen to leave Tokyo: Here's why

Tokyo is the world's largest urban city by population, with an estimated 38 million people

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(Photo: Bloomberg)

BS Web Team New Delhi
To encourage parents to migrate out of Tokyo, the Japanese government has increased the financial incentive for those who decide to do so. According to a Financial Times (FT) report, from 300,000 yen earlier, the migrating parents will now receive 1 million yen ($7,600) per child if they move out of the capital.

Tokyo is the world's largest city, with an estimated 38 million people.

The country already has a similar plan for relocation, which provides 300,000 yen per child and 3 million yen as a one-off support payment for those migrating. They may claim more money if they start