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Japanese angered by government’s plan to cancel student debt for those who have babies
- Education commission has suggested a reduction in student loan payments or full exemption for those who have a child
- World’s third-largest economy is struggling to deal with declining fertility rate; recent figures show births last year lowest since records began in 1899
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Japan’s ruling party faced backlash from opposition lawmakers and the public this week after reports surfaced that it is mulling a plan to forgive student debt for those who have a child.
A panel of the Liberal Democratic Party (LDP), which has dominated Japanese politics since World War II, said on Thursday that they might include the suggestion in a broader proposal aimed at reducing the financial burden from education.
The plan is being crafted by the LDP’s research commission for education rebuilding, Jiji Press reported.
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For years, the world’s third-largest economy has struggled to address a declining fertility rate. The debt forgiveness proposal is one effort at reversing that trend.
You’ve got to be kidding me
Figures released earlier this week showed that Japan’s births for 2022 were lower than at any other point since records began in 1899.
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