Japan’s national debt is twice its GDP, with a per capita debt of 9.71 million yen

Japan’s national debt, consisting of government bonds, loans and short-term government securities, reached 1218.4 trillion yen at the end of December 2021, about 2.26 times Japan’s GDP in 2020, a record high, according to the Ministry of Finance, Kyodo News reported on February 12.The Ministry of Finance cited the government’s increased issuance of government bonds as a result of increased fiscal spending in response to the COVID-19 pandemic.Japan’s Ministry of Internal Affairs and Communications estimates that if the total debt of 1218.4 trillion yen is divided by the total population of 125.44 million as of January 1, 2022, Japan’s per capita debt is about 9.71 million yen, or about 534,573 yuan.In addition, Japan’s total debt is expected to continue to rise to about 1,304.1 trillion yen by the end of 2022, the Finance ministry said.Disclaimer: This article is reproduced for the purpose of conveying more information.If the source is wrong or violated your legitimate rights and interests, please contact the author with proof of ownership, we will promptly correct, delete, thank you.Email address: newmedia@xxcb.cn

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