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 World Health Organization and the United Nations Children’s Fund issued a joint report on the occasion of World Water Week
September 12, 2025
The World Health Organization and the United Nations Children’s Fund issued a joint report on the occasion of World Water Week
Mass rallies were held in provinces to adopt letters of loyalty to the respected Comrade Kim Jong Un on the occasion of the 80th
September 12, 2025
Mass rallies were held in provinces to adopt letters of loyalty to the respected Comrade Kim Jong Un on the occasion of the 80th
The Workers' Party of Korea's policy on rural construction unfolded a new scene of a modern socialist rural village also at the
September 12, 2025
The Workers' Party of Korea's policy on rural construction unfolded a new scene of a modern socialist rural village also at the
Kim Jong Un, president of the State Affairs of the Democratic People's Republic of Korea, received a congratulatory message from
September 12, 2025
Kim Jong Un, president of the State Affairs of the Democratic People's Republic of Korea, received a congratulatory message from
The DPRK Art Exhibition "The Great People's Country" opened with splendour at a decorative handicraft and folk art gallery in
September 11, 2025
The DPRK Art Exhibition "The Great People's Country" opened with splendour at a decorative handicraft and folk art gallery in
All the people of the DPRK, who are significantly celebrating the national day on the sacred journey of writing a heroic chapter
September 11, 2025
All the people of the DPRK, who are significantly celebrating the national day on the sacred journey of writing a heroic chapter
New houses have been built in the Sinyon Industrial Crop Farm of the Jagang Provincial Rural Economy Committee and the Township
September 10, 2025
New houses have been built in the Sinyon Industrial Crop Farm of the Jagang Provincial Rural Economy Committee and the Township
A women's football match took place between the April 25 and Pyongyang teams at Kim Il Sung Stadium on September 8 on the occasion
September 10, 2025
A women's football match took place between the April 25 and Pyongyang teams at Kim Il Sung Stadium on September 8 on the occasion
Kim Jong Un, president of the State Affairs of the Democratic People's Republic of Korea, received a congratulatory message from
September 10, 2025
Kim Jong Un, president of the State Affairs of the Democratic People's Republic of Korea, received a congratulatory message from
Agricultural workers met meritorious persons of socialist patriotism on September 5 on the occasion of the 77th founding
September 09, 2025
Agricultural workers met meritorious persons of socialist patriotism on September 5 on the occasion of the 77th founding
A stage telling pride of schoolchildren "Children's Union members met on the road of patriotism" took place at the Pyongyang
September 09, 2025
A stage telling pride of schoolchildren "Children's Union members met on the road of patriotism" took place at the Pyongyang
Progressive mankind expressed boundless reverence for the respected Comrade Kim Jong Un who put the dignity and position of the
September 09, 2025
Progressive mankind expressed boundless reverence for the respected Comrade Kim Jong Un who put the dignity and position of the
Personages of political parties of Italy and Romania issued a statement and posted an article on the occasion of the 77th founding
September 09, 2025
Personages of political parties of Italy and Romania issued a statement and posted an article on the occasion of the 77th founding
The Tanchon Smeltery was selected again as one of the top ten enterprises for 2024. The smeltery overfulfilled its national
September 09, 2025
The Tanchon Smeltery was selected again as one of the top ten enterprises for 2024. The smeltery overfulfilled its national
The DPRK Missile Administration conducted a static firing test of high-thrust solid-fuelled motor using the composite carbon fibre
September 09, 2025
The DPRK Missile Administration conducted a static firing test of high-thrust solid-fuelled motor using the composite carbon fibre
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People’s
September 09, 2025
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People’s
Flower baskets were sent to the statues of President Kim Il Sung and Chairman Kim Jong Il on Mansu Hill in Pyongyang on the
September 08, 2025
Flower baskets were sent to the statues of President Kim Il Sung and Chairman Kim Jong Il on Mansu Hill in Pyongyang on the
The DPRK’s name, flag and emblem, symbols of the country, are quite meaningful. The country’s full name is the Democratic
September 08, 2025
The DPRK’s name, flag and emblem, symbols of the country, are quite meaningful. The country’s full name is the Democratic
The Venezuelan defence minister issued a statement on August 31 to express the stand to cope with US threat and blackmail. He
September 08, 2025
The Venezuelan defence minister issued a statement on August 31 to express the stand to cope with US threat and blackmail. He
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
September 08, 2025
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
More Articles
