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
Vyacheslav Volodin, speaker of the State Duma of Russia, said on March 17 that the US, the UK and other Western countries are
March 24, 2026
Vyacheslav Volodin, speaker of the State Duma of Russia, said on March 17 that the US, the UK and other Western countries are
Objections to the authorities' scheme to relax the ban on arms export are being voiced in Japan. An opinion poll was recently
March 24, 2026
Objections to the authorities' scheme to relax the ban on arms export are being voiced in Japan. An opinion poll was recently
The Mt Paektu area, which was registered as a global geopark in April 2025, is rich in natural resources for tourism including
March 24, 2026
The Mt Paektu area, which was registered as a global geopark in April 2025, is rich in natural resources for tourism including
Pak Thae Song, premier of the Cabinet, made a report on the work of the Cabinet at the First Session of the 15th Supreme People’s
March 24, 2026
Pak Thae Song, premier of the Cabinet, made a report on the work of the Cabinet at the First Session of the 15th Supreme People’s
The respected Comrade Kim Jong Un sent a birthday spread to Kim Tong Ok, a centenarian living in neighbourhood unit No. 3 of
March 24, 2026
The respected Comrade Kim Jong Un sent a birthday spread to Kim Tong Ok, a centenarian living in neighbourhood unit No. 3 of
Employees of regional-industry factories in the City of Sinpho and Jongphyong County of South Hamgyong Province are pushing ahead
March 23, 2026
Employees of regional-industry factories in the City of Sinpho and Jongphyong County of South Hamgyong Province are pushing ahead
The election of the president of the State Affairs of the Democratic People's Republic of Korea representing the DPRK and its
March 23, 2026
The election of the president of the State Affairs of the Democratic People's Republic of Korea representing the DPRK and its
Belarus President Alexander Lukashenko warned NATO and Ukraine against covetously looking over his country at a recent press
March 23, 2026
Belarus President Alexander Lukashenko warned NATO and Ukraine against covetously looking over his country at a recent press
The 25th Winter Paralympics which opened on March 6 in Italy was closed on March 15. The president of the International Paralympic
March 23, 2026
The 25th Winter Paralympics which opened on March 6 in Italy was closed on March 15. The president of the International Paralympic
The First Session of the 15th Supreme People’s Assembly of the DPRK elected the Standing Committee of the SPA as follows: The
March 23, 2026
The First Session of the 15th Supreme People’s Assembly of the DPRK elected the Standing Committee of the SPA as follows: The
The First Session of the 15th Supreme People’s Assembly of the DPRK conducted the important and responsible work for electing
March 23, 2026
The First Session of the 15th Supreme People’s Assembly of the DPRK conducted the important and responsible work for electing
The First Session of the 15th Supreme People’s Assembly of the DPRK elected the State Affairs Commission as follows: The State
March 23, 2026
The First Session of the 15th Supreme People’s Assembly of the DPRK elected the State Affairs Commission as follows: The State
March 21 is International Day of Forests. The UN General Assembly held in 2012 designated March 21 as International Day of Forests
March 22, 2026
March 21 is International Day of Forests. The UN General Assembly held in 2012 designated March 21 as International Day of Forests
Such commemorative events as seminar, book exhibition and film show were held at the Khabarovsk Territorial Branch of the United
March 22, 2026
Such commemorative events as seminar, book exhibition and film show were held at the Khabarovsk Territorial Branch of the United
May 22 is World Water Day.According to the decision made at the 47th session of the UN General Assembly in 1992, the day has been
March 22, 2026
May 22 is World Water Day.According to the decision made at the 47th session of the UN General Assembly in 1992, the day has been
Young people in Kangwon and Ryanggang provinces have volunteered for difficult and labour-consuming sectors of socialist
March 22, 2026
Young people in Kangwon and Ryanggang provinces have volunteered for difficult and labour-consuming sectors of socialist
The strike and demonstration staged by women workers in Chicago, the US, on March 8 117 years ago were an eruption of their wrath
March 21, 2026
The strike and demonstration staged by women workers in Chicago, the US, on March 8 117 years ago were an eruption of their wrath
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
March 20, 2026
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
In recent years a dramatic change has taken place in the agricultural production in the country. The Workers’ Party of Korea has
March 20, 2026
In recent years a dramatic change has taken place in the agricultural production in the country. The Workers’ Party of Korea has
The South African Ministry of International Relations and Cooperation called the US ambassador to the country on March 11 to
March 20, 2026
The South African Ministry of International Relations and Cooperation called the US ambassador to the country on March 11 to
More Articles
