As of March 31, 2022, Japan’s national debt, which is the sum of the outstanding balance of government bonds, loans, and financing bills, reached its highest amount yet at ¥1,241 trillion (US$ 9,736 bln). In the previous year, there was an increase of ¥24.8 trillion, mainly due to fiscal stimulus measures implemented in response to the COVID-19 pandemic. It is the sixth year in a row that debt has hit a new record high.
A calculation based on the estimated Japanese population of 122.7 million (as of November 1, 2021) shows that per-capita debt for all citizens, from newborn babies to centenarians, was more than ¥10.1 million (US$ 79, 242). This is the first time per-capita debt has exceeded the ¥10 million mark.
The main increase in debt was due to a year-on-year rise in the issuance of government bonds, which account for the bulk of the debt, by ¥30.5 trillion to ¥1,104 trillion US$ 240 bln to US$ 8,662 bln). Japan’s outstanding long-term debt that needs to be repaid through taxes also soared to ¥1,017 trillion (US$ 7, 800 bln), surpassing ¥1,000 trillion (US$ 8, 631 bln) for the first time.
See all the news
Financial Services in CAREC
#TheCheckpoints: TIWB & Georgia - Interview with Rusudan Kemularia, Head of TIWB Secretariat
Stoli® Group to Release Limited-Edition Bottle in Support of the Ukrainian People
როგორ მოხვდა 17 წლის ანასტასია ლელაძე ჰარვარდში? - ანასტასია ლელაძე ქალების ნარატივში
"Literally the whole village was waiting for the first harvest of strawberry" - Kvitsiani family from Svaneti
Aliyev replaces long-serving central bank head with loyalist
Putin imposes visa restrictions on citizens from 'unfriendly' countries
BMG-ს მედია რუბრიკა: #პროფესიონალი - გიორგი მიქაია
ყველაზე სანქცირებული რუსი ოლიგარქები
Business Leaders Council by USAID and Georgian Business
ვინ არის მსოფლიოში #1 სნაიპერი “Wali”?
ბინების ქირის ფასი 50%-მდე გაიზარდა
OECD formally terminates the accession process of Russia
"Today we are all Ukrainians"- Zurab Pololikashvili
Tourism is the main bridge for building understanding - ZURAB POLOLIKASHVILI
FAQ’s and Analysis on Lari & FDI - Interview with Fady Asly
მინერალური და მტკნარი წყლის ფასები ქართულ ბაზარზე
China continues to push competitors out of the global walnut market
Moscow to Host First Meeting of Turkish & Armenian Special Envoys on Jan 14