Japan's National Debt Skyrockets to Unprecedented USD8.6T
Data released by the ministry showed that as of December 31, the figure had climbed 24.54 trillion yen from the previous year. It included 1,197.64 trillion yen in government bonds, 44.13 trillion yen in borrowings, and 100.40 trillion yen in financing bills.
Analysts warn that the nation’s debt—more than double the size of its economy—remains under mounting pressure from rising social security obligations, national defense expenditures, and debt-servicing costs. Concerns are further amplified by Prime Minister Sanae Takaichi’s commitment to aggressive fiscal spending.
"The state's debt, more than twice the size of its economy, faces upward pressure due to rising social security, national defense and debt-servicing costs, while Prime Minister Sanae Takaichi's pledge for aggressive fiscal spending raises concerns over Japan's fiscal health," the ministry data indicated.
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