Japan’s national debt, including local debt, apparently amounts to ¥1.2 quadrillion. This astronomical figure continues to expand at this moment. It is such an enormous sum that the government has no concrete repayment plan yet, and has left this problem to fester. It would not be an exaggeration to say that Japan’s finances have already gone bankrupt.

It is really mysterious that this issue was not a major point of discussion in the recent Lower House election. I wonder if Diet members and the people choose to remain silent because they’re afraid to face the scary reality.

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 out 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.