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
Foreign personages paid congratulatory visits to the DPRK missions in their countries on the occasion of the 84th birth
March 01, 2026
Foreign personages paid congratulatory visits to the DPRK missions in their countries on the occasion of the 84th birth
The 39th Science and Technology Festival of Kim Il Sung University took place from February 25 to 27. Presented to the festival on
March 01, 2026
The 39th Science and Technology Festival of Kim Il Sung University took place from February 25 to 27. Presented to the festival on
A Pyongyang municipal military-civilian meeting and a public procession for implementing the decisions of the Ninth Congress of
March 01, 2026
A Pyongyang municipal military-civilian meeting and a public procession for implementing the decisions of the Ninth Congress of
There took place a short course for the participants in the Ninth Congress of the Workers’ Party of Korea in Pyongyang, the
March 01, 2026
There took place a short course for the participants in the Ninth Congress of the Workers’ Party of Korea in Pyongyang, the
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
February 28, 2026
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People’s
February 28, 2026
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People’s
The international community is strongly denouncing the US ambassador to Israel for his reckless remark that Israel has the right
February 28, 2026
The international community is strongly denouncing the US ambassador to Israel for his reckless remark that Israel has the right
The Slovak prime minister on February 21 warned that Slovakia would stop the power supply to Ukraine. Saying that Ukrainian
February 28, 2026
The Slovak prime minister on February 21 warned that Slovakia would stop the power supply to Ukraine. Saying that Ukrainian
The respected Comrade Kim Jong Un sent a birthday spread to Pang Kum Sun, a centenarian living in Neighbourhood Unit No. 32,
February 28, 2026
The respected Comrade Kim Jong Un sent a birthday spread to Pang Kum Sun, a centenarian living in Neighbourhood Unit No. 32,
Football coach wins World Cup Merited Athlete Pak Song Jin is a football coach of the April 25 Sports Team. He cut a conspicuous
February 28, 2026
Football coach wins World Cup Merited Athlete Pak Song Jin is a football coach of the April 25 Sports Team. He cut a conspicuous
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
February 27, 2026
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
February 27, 2026
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
With sustained efforts toward victory Pang Chol Mi, a boxer and People’s Athlete of the Kumgangsan Sports Team, was born into a
February 27, 2026
With sustained efforts toward victory Pang Chol Mi, a boxer and People’s Athlete of the Kumgangsan Sports Team, was born into a
Dmitri Peskov, the Russian president’s press secretary, referred to Russia-Japan relations at a press conference on February 20.He
February 27, 2026
Dmitri Peskov, the Russian president’s press secretary, referred to Russia-Japan relations at a press conference on February 20.He
The Chinese permanent representative to the United Nations denounced Israel for its moves for territorial expansion at a recent op
February 27, 2026
The Chinese permanent representative to the United Nations denounced Israel for its moves for territorial expansion at a recent op
The Onpho Working People’s Holiday Camp opened in the DPRK.The holiday camp, located in a picturesque place, has facilities for ho
February 27, 2026
The Onpho Working People’s Holiday Camp opened in the DPRK.The holiday camp, located in a picturesque place, has facilities for ho
A grand art performance was given at Pyongyang Indoor Stadium on February 26 in commemoration of the Ninth Congress of the
February 27, 2026
A grand art performance was given at Pyongyang Indoor Stadium on February 26 in commemoration of the Ninth Congress of the
The number of residents in the Central Zoo is on the increase in the new year. According to an official of the zoo, five species
February 27, 2026
The number of residents in the Central Zoo is on the increase in the new year. According to an official of the zoo, five species
More than ten years have passed since the Workers’ Party of Korea put forward the policy on making all the people well versed in
February 27, 2026
More than ten years have passed since the Workers’ Party of Korea put forward the policy on making all the people well versed in
The Workers' Party of Korea, the vanguard of the Korean revolution, is ushering in a new era of building a powerful nation by
February 26, 2026
The Workers' Party of Korea, the vanguard of the Korean revolution, is ushering in a new era of building a powerful nation by
More Articles
