Japan’s gov’t debt swells to record Y1,071 tril as of March 31

Today 06:51 am JST 28 Comments
tokyo
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.

© KYODO

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: