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
Russian President Vladimir Putin referred to the issue of bio-economic development as he addressed the future technology forum on
March 02, 2026
Russian President Vladimir Putin referred to the issue of bio-economic development as he addressed the future technology forum on
A spokesperson for the Chinese Foreign Ministry rejected the groundless criticism by the US at a press conference on February 25.
March 02, 2026
A spokesperson for the Chinese Foreign Ministry rejected the groundless criticism by the US at a press conference on February 25.
The Sangwon Cement Complex fulfilled its production plan for February. The complex made the employees engage in technical
March 02, 2026
The Sangwon Cement Complex fulfilled its production plan for February. The complex made the employees engage in technical
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
The 2026 National Winter Games closed at the ice hockey gymnasium in the Paektusan area sports village in the City of Samjiyon,
March 01, 2026
The 2026 National Winter Games closed at the ice hockey gymnasium in the Paektusan area sports village in the City of Samjiyon,
Medical workers are conducting dynamic outreach medical service activities in major sites of socialist construction. According to
March 01, 2026
Medical workers are conducting dynamic outreach medical service activities in major sites of socialist construction. According to
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
Mugi Islet, located in Sonchon County of North Phyongan Province, is the place where white herons with yellow bills breed in
February 28, 2026
Mugi Islet, located in Sonchon County of North Phyongan Province, is the place where white herons with yellow bills breed in
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
More Articles
