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Japan’s domestic debt tops 1,000 trillion yen

Japan’s domestic debt tops 1,000 trillion yen

According to data provided by the Ministry of Finance, Japan’s domestic debt, which is returned to the account of taxes that are paid, has exceeded one thousand trillion yen (about $7.69 trillion at today’s exchange rate). This is the first time such figures have been recorded in history. 

Between April 1, 2021 and March 31, 2021, the debt was 1,017 trillion yen ($7.82 trillion). The debt has been increasing annually for 18 years, but earlier the amount did not exceed a thousand trillion.

If all debts are added together, and investment and short-term loans are added to long-term debt, Japan’s total domestic government debt is $1,241 trillion ($9.55 trillion).