Kishida has vowed to double childcare spending over the next three years in a bid to help reverse the country's dwindling birth rate.
The government had previously estimated that it needed to secure around 3 trillion yen per year to cover the expansion of childcare allowances and other related benefits.
Kishida unveiled the increased size of spending at a meeting of ministers, including Finance Minister Shunichi Suzuki, Goto said.
The economy minister also attended the meeting.
"Prime Minister Kishida told us to consider expanding childcare measures by around 3.5 trillion yen in the process of compiling the annual budget," Goto told reporters.
Persons:
Fumio Kishida, Shigeyuki Goto, Kishida, Shunichi Suzuki, Goto, Kyodo newsagency, Yoshifumi Takemoto, Himani Sarkar
Organizations:
Finance, Kyodo, Thomson
Locations:
TOKYO, Japan