The Japanese royal family is one of the oldest and most respected in the world, and is primarily funded through taxes paid by citizens and subsidies provided by government budget allocations. Other sources of funding include private donations, trusts set up specifically for providing funding, and personal stipends from past emperors or relatives. In 2020/2021 fiscal year (April 1st 2020 - March 31st 2021), Japan’s national budget allocated ¥154 billion ($1.4 billion) to cover costs related to imperial activities.