The outstanding long-term debt of the central government is set to top ¥1 quadrillion ($9.12 trillion) at the end of March, according to officials, with its fiscal health rapidly worsening due to the need to finance measures against the coronavirus pandemic.
The debt, already the worst among developed countries, would average out to a burden of ¥8 million on each Japanese citizen.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
PHOTO GALLERY (CLICK TO ENLARGE)
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.