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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.

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