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Japanese pachinko parlors to benefit from child subsidy?

TAGs: Japan, pachinko

SumoBabyAlarmed by the country’s falling birthrate, Japanese legislators are incentivizing families to have more children by offering a monthly benefit of 13,000 yen per child, rising to 23,000 yen the following year. But, I hear you saying, how does this benefit the gambling industry? After all, babies can’t gamble. True, but last April, when the gov’t doled out similar cash benefits to stimulate the economy, stocks of firms that manufacture pachinko machines became the best-performing equities over the next six months. Coincidence? Read more.

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