According to information released by the Japanese Ministry of Finance, Japan’s state debt reached well over ¥1 100 trillion at the end of last year.
The Organization for Economic Cooperation and Development had announced in 2016 that Japan’s national debt reached 219% of its GDP. With its debt kept growing like a snowball, Japan broke the peak record last year again after 2017.
Last year, over 8 200 businesses went bankrupt in Japan and the number is estimated to grow more this year due to the shortage of manpower.
As they passed the budget bill for 2019, the Japanese authorities worked out a plan to issue national bonds of some 32.6 trillion yen, saying that they could not help but issue national bonds to appropriate the social security funds which keep increasing due to population ageing.
Is it true that national debt mount due to population ageing?
The authorities plan to increase military expenditure, irrespective of the worst domestic situation in which the per capita debt is over ¥ 8.7 million.
The Abe regime is trying to sharply increase defence expenses after making public the defence programme and midterm defence programme (2019-2023) which were revised in December 18 last year with an eye to radically reforming the existing defence system. If things go as planned, a record high of 27.47 trillion yen will be disbursed for the military spending in a few years.
South Korea’s Yonhap News, Japan’s Mainichi Shimbun and other media outlets said that the Japanese government is examining a plan for increasing military expenditure within the limits of 1 percent of GDP to 1.3 percent till 2023 and thus Japan’s military spending will reach 7 trillion yen, or 40 percent rise from 5 trillion yen, in five years.
Japan ascribes the military threat from the DPRK and China and its establishment of defence posture in a new domain covering cyberspace and space to the increase in defence expenditure, but it is nothing but a trick to deceive the public.
Accordingly, Japan shows a sign of pushing ahead with a plan for introducing ground-based missile defence system Aegis Ashore, fighter jets for electronic warfare, over a hundred F-35B stealth fighters and long-range cruise missile JASSM into the Ground, Maritime and Air Self-Defence Forces in Japan.
Though the Japanese people are getting thinner, the SDF is becoming fatter.
More From Pyongyang Times
The Ninth Congress of the Workers' Party of Korea is intensifying the most comprehensive political activities in carrying out its
February 22, 2026
The Ninth Congress of the Workers' Party of Korea is intensifying the most comprehensive political activities in carrying out its
The 84th birth anniversary of Chairman Kim Jong Il was celebrated in Laos, Myanmar, Pakistan, Switzerland, France, Serbia and
February 22, 2026
The 84th birth anniversary of Chairman Kim Jong Il was celebrated in Laos, Myanmar, Pakistan, Switzerland, France, Serbia and
The international community is making proactive efforts for space development. At the recent sci-tech panel meeting of the UN
February 22, 2026
The international community is making proactive efforts for space development. At the recent sci-tech panel meeting of the UN
The second-day sitting of the Ninth Congress of the Workers' Party of Korea took place on February 20. The congress will mark a
February 21, 2026
The second-day sitting of the Ninth Congress of the Workers' Party of Korea took place on February 20. The congress will mark a
Chinese Foreign Minister Wang Yi warned Japan against its moves to revive militarism in Munich, Germany, on February 14. Stressing
February 21, 2026
Chinese Foreign Minister Wang Yi warned Japan against its moves to revive militarism in Munich, Germany, on February 14. Stressing
The Ninth Congress of the Workers' Party of Korea received a congratulatory message from the Central Committee of the Communist
February 21, 2026
The Ninth Congress of the Workers' Party of Korea received a congratulatory message from the Central Committee of the Communist
The Central Committee of the Communist Party of China and the State Council of China held a meeting for lunar New Year greeting in
February 20, 2026
The Central Committee of the Communist Party of China and the State Council of China held a meeting for lunar New Year greeting in
All the Party members and other people in the DPRK, absolutely convinced that the Korean revolution would always emerge victorious
February 20, 2026
All the Party members and other people in the DPRK, absolutely convinced that the Korean revolution would always emerge victorious
Dear delegates,Today, we are opening the Ninth Congress of the Workers’ Party of Korea, which will set up another new milestone in
February 20, 2026
Dear delegates,Today, we are opening the Ninth Congress of the Workers’ Party of Korea, which will set up another new milestone in
The Norwegian prime minister criticized the US’ diplomatic and trade policy in his speech at the parliament on February 12.Europe’
February 20, 2026
The Norwegian prime minister criticized the US’ diplomatic and trade policy in his speech at the parliament on February 12.Europe’
A congratulatory group of the General Association of Koreans in China led by Chairwoman Choe Un Bok arrived in Pyongyang on
February 20, 2026
A congratulatory group of the General Association of Koreans in China led by Chairwoman Choe Un Bok arrived in Pyongyang on
The Third People's Art Festival in Celebration of February 16 came to an end. The festival performances were given at theatres and
February 20, 2026
The Third People's Art Festival in Celebration of February 16 came to an end. The festival performances were given at theatres and
Industrial design exhibitions on the theme of "New era of regional transformation and industrial design" in celebration of
February 20, 2026
Industrial design exhibitions on the theme of "New era of regional transformation and industrial design" in celebration of
A ceremony of great significance was held in the area of Hwasong in Pyongyang, well known as an epitome representing socialist
February 19, 2026
A ceremony of great significance was held in the area of Hwasong in Pyongyang, well known as an epitome representing socialist
The workers in the munitions industry of the DPRK are providing a sure guarantee for a continuous development and radical dramatic
February 19, 2026
The workers in the munitions industry of the DPRK are providing a sure guarantee for a continuous development and radical dramatic
Comrades,The workers in the munitions industry have prepared the most valuable present for a glorious congress of the Workers’ Par
February 19, 2026
Comrades,The workers in the munitions industry have prepared the most valuable present for a glorious congress of the Workers’ Par
Soldier-builders and youth shock brigade members, who are spending significant days in Pyongyang after building an ideal farm town
February 19, 2026
Soldier-builders and youth shock brigade members, who are spending significant days in Pyongyang after building an ideal farm town
Performances of participants in the Third People's Art Festival were given in different parts of the country on February 16 to
February 19, 2026
Performances of participants in the Third People's Art Festival were given in different parts of the country on February 16 to
There was a significant ceremony ahead of the opening of the Ninth Congress of the Workers' Party of Korea all the Party members
February 19, 2026
There was a significant ceremony ahead of the opening of the Ninth Congress of the Workers' Party of Korea all the Party members
Delegates to the Ninth Congress of the Workers' Party of Korea visited the Kumsusan Palace of the Sun where President Kim Il Sung
February 19, 2026
Delegates to the Ninth Congress of the Workers' Party of Korea visited the Kumsusan Palace of the Sun where President Kim Il Sung
More Articles
