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September 17, 2002

Student Loans to Reverse Falling Birthrate?

The Health, Labor and Welfare Ministry last week suggested financing student loans with public pension reserves as a means of offsetting the cost of raising children. The plan is intended to help reverse the ongoing decline in the nation's birthrate, as the cost of education can be enough of a potential burden to discourage people from having children. The plan is to be considered by an advisory council on social security. If implemented, it will go into action in 2004.

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