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POLITICS

Japan’s debt swelled to 1,053 trillion yen at end of March 2015

  • 2015-05-11 15:00:00
  • , Nikkei
  • Translation

(Nikkei: May 9, 2015 – p. 5)

 

 Japan’s debt, including government bonds and borrowing, stood at 1,053.3572 trillion yen at the end of fiscal 2014 (March), the Finance Ministry announced on April 8. The amount of Japan’s debt surpassed the previous record, increasing by 28.4003 trillion yen from the end of fiscal 2013. The main reason for the surge in debt was the continued issuance of new national bonds to cover social security costs.

 

 When calculated based on the population of about 126.91 million as of April 1, the amount of debt per person was about 8.3 million yen.

 

 In the breakdown of the debt, the amount of national government bonds increased by 27.7211 trillion yen from fiscal 2013 to 881.4847 trillion yen. The rest consisted of 54.9841 trillion yen in borrowing and 116.8883 trillion yen in government short-term government notes.

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