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Family-friendly bank pays $18,000 for fourth child

Japanese local lender seeks to tackle declining birthrate and retain talent

A Gunma bank staff who has had a second child immediately receives a lump-sum of 200,000 yen.

MAEBASHI, Japan -- In a move to help tackle Japan's declining birthrate and to create a more parent-friendly working environment to retain talent, a regional bank north of Tokyo has expanded support for staff balancing their jobs with raising a family, including a 2 million yen ($18,100) allowance for parents who have a fourth child.

This month, Gunma Bank introduced a "child-rearing support allowance" for employees who have a second or later child. The offer is extended to temporary staff as well as full time employees, provided they have worked at the bank for a year.

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