Low birth rate in Japan

My Japanese friend told me that it cost an average of 20 million yen (SGD 250,000) to raise a child, taking into account education and other expenses. Many Japanese find it to be too expensive. They prefer to have 1 child or none at all.

Many females to have a good education and a working career before they get married. Many are marrying qute late, in their 30s, or remaining singles.

The birth rate is quite low.