ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more