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

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