Today 06:51 am JST 28 Comments
Japan’s central government debt stood at a record 1,071.56 trillion yen ($9.4 trillion) at the end of fiscal 2016 in March, the Finance Ministry said Wednesday.
The amount owed per person came to approximately 8.45 million yen, based on Japan’s estimated population of 126.79 million as of April 1.
The central government’s debt rose 22.19 trillion yen from fiscal 2015, reflecting increased spending on social security due to the graying Japanese society.
According to the ministry, the debt as of March 31 consisted of 934.90 trillion yen in government bonds, 54.42 trillion yen in borrowing from financial institutions, and 82.24 trillion yen in financing bills or short-term government notes of up to one year.