Japanese Government Subsidy on Early Education and the Rise of International Kindergartens
It is no longer news that the Japanese population is shrinking and aging. With the country's birth rate hitting record lows and having no signs of a consistent rebound, for all sorts of businesses in Japan, the prospects of an ever-tinier domestic market are a cause for great worry. And that worry will hit no industry faster than kindergarten operators. Providing a once-in-a-lifetime service, these businesses rely purely on the number of children in the country. They are stuck with the decline, having no option to target repeat customers or expand the consumer base in any way.