Japan Government Debt up to Record Levels

Japan’s outstanding government debt rose to a record at the end of last year, data from the finance ministry showed on Monday, highlighting the worsening state of public finances in a country that has the world’s largest debt burden.

Outstanding debts stood at 1,017 trillion yen ($9.95 trillion) at the end of last year, the finance ministry said in a statement.

Japan’s debt burden, at twice the size of its $5 trillion economy, is the worst among industrialised nations.

Reuters

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