Otoshidama,
giving money to children as a present for the New Year, is a tradition in Japan. The custom is comparable to Western customs of giving children presents or bonuses for Christmas. Parents, grandparents, or other relatives frequently give children otoshidama, which can range greatly in value. Each child receives a certain amount from certain families, while others base it on the child's age or academic performance. Otoshidama can also be given to kids by friends or neighbors. Otoshidama is a tradition in Japan that allows kids to start the new year with a little extra spending money while also allowing adults to demonstrate their love and admiration for them.
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