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
A spokesman for the Defense Ministry of China decried the US’ manoeuvres for division at a press conference on October 30.Shortly
November 04, 2025
A spokesman for the Defense Ministry of China decried the US’ manoeuvres for division at a press conference on October 30.Shortly
A quarterfinal between the DPRK and Japanese teams for the 2025 FIFA U-17 Women's World Cup took place on November 1 (local time).
November 04, 2025
A quarterfinal between the DPRK and Japanese teams for the 2025 FIFA U-17 Women's World Cup took place on November 1 (local time).
Japan has grown ever more undisguised in its moves to possess the capability for preemptive attack. It has recently launched
November 04, 2025
Japan has grown ever more undisguised in its moves to possess the capability for preemptive attack. It has recently launched
DPRK players won gold medals at four events of the 2025 Asian Cup Rowing Games held in China. Ri Yun Gyong and Ri So Yon took
November 04, 2025
DPRK players won gold medals at four events of the 2025 Asian Cup Rowing Games held in China. Ri Yun Gyong and Ri So Yon took
New houses have been built at the Township, Jiksol and Jigyong stockbreeding farms in Kim Hyong Gwon County of Ryanggang Province.
November 04, 2025
New houses have been built at the Township, Jiksol and Jigyong stockbreeding farms in Kim Hyong Gwon County of Ryanggang Province.
The grand mass gymnastics and artistic performance “Long live the Workers’ Party of Korea” was staged in splendour at May
November 04, 2025
The grand mass gymnastics and artistic performance “Long live the Workers’ Party of Korea” was staged in splendour at May
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
November 04, 2025
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
Jo Yong Won and Ri Hi Yong, secretaries of the Central Committee of the Workers' Party of Korea, made a field survey of the Jenam
November 03, 2025
Jo Yong Won and Ri Hi Yong, secretaries of the Central Committee of the Workers' Party of Korea, made a field survey of the Jenam
A home-visiting group of students in their final year at Korea University of the General Association of Korean Residents in Japan
November 03, 2025
A home-visiting group of students in their final year at Korea University of the General Association of Korean Residents in Japan
Self-reliance is the immutable course of development of the Korean revolution. The respected Comrade Kim Jong Un made the truth
November 03, 2025
Self-reliance is the immutable course of development of the Korean revolution. The respected Comrade Kim Jong Un made the truth
The home-visiting group of students in their final year at Korea University of the General Association of Korean Residents in
November 03, 2025
The home-visiting group of students in their final year at Korea University of the General Association of Korean Residents in
The Mexican President at a press conference on October 28 condemned the US for attacking vessels in the Caribbean Sea and eastern
November 03, 2025
The Mexican President at a press conference on October 28 condemned the US for attacking vessels in the Caribbean Sea and eastern
New houses have been built in Taeung-ri, Rajuk-ri and Muchang-ri of Kim Hyong Jik County in Ryanggang Province. The modern
November 03, 2025
New houses have been built in Taeung-ri, Rajuk-ri and Muchang-ri of Kim Hyong Jik County in Ryanggang Province. The modern
Medical workers of central-level hospitals are conducting intense outreach medical service activities.According to data available,
November 03, 2025
Medical workers of central-level hospitals are conducting intense outreach medical service activities.According to data available,
Young people in Pyongyang volunteered to work on major economic fronts to which the Workers' Party of Korea calls. Members of the
November 03, 2025
Young people in Pyongyang volunteered to work on major economic fronts to which the Workers' Party of Korea calls. Members of the
The deputy director of the nonproliferation and arms control department of the Russian Foreign Ministry censured the US and West f
November 02, 2025
The deputy director of the nonproliferation and arms control department of the Russian Foreign Ministry censured the US and West f
Talks between Yun Jong Ho, minister of External Economic Relations who is chairman of the DPRK side to the DPRK-Russia
November 02, 2025
Talks between Yun Jong Ho, minister of External Economic Relations who is chairman of the DPRK side to the DPRK-Russia
New houses have been built at the Tokso Farm in Musan County, North Hamgyong Province. The modern dwelling houses go well with a
November 02, 2025
New houses have been built at the Tokso Farm in Musan County, North Hamgyong Province. The modern dwelling houses go well with a
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
November 02, 2025
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
The Sangwon Cement Complex has fulfilled its national economic plan for October. The complex analysed the operation of equipment
November 01, 2025
The Sangwon Cement Complex has fulfilled its national economic plan for October. The complex analysed the operation of equipment
More Articles
