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 Enlarged Meeting of the 13th Plenary Meeting of the Eighth Central Committee of the Workers' Party of Korea was held from
December 12, 2025
The Enlarged Meeting of the 13th Plenary Meeting of the Eighth Central Committee of the Workers' Party of Korea was held from
Russian President Vladimir Putin visited India from December 4 to 5. During his visit he met with the Indian President and had
December 12, 2025
Russian President Vladimir Putin visited India from December 4 to 5. During his visit he met with the Indian President and had
Jagang Province has renovated the Kanggye Building-materials Factory. The completion of the building-materials production base
December 12, 2025
Jagang Province has renovated the Kanggye Building-materials Factory. The completion of the building-materials production base
Amid the ever-growing revolutionary spirit of the young people of the present era who are willing to devote their wisdom and
December 12, 2025
Amid the ever-growing revolutionary spirit of the young people of the present era who are willing to devote their wisdom and
The Usan Cotton Farm in Hanggu District of Nampho Municipality and the Konha Farm in Manpho City of Jagang Province have greeted
December 12, 2025
The Usan Cotton Farm in Hanggu District of Nampho Municipality and the Konha Farm in Manpho City of Jagang Province have greeted
The construction of the third-stage 10 000 flats in the Hwasong area was completed last April and the fourth-stage project is now
December 12, 2025
The construction of the third-stage 10 000 flats in the Hwasong area was completed last April and the fourth-stage project is now
Jagang Province has newly built a black swan and ostrich production base at the Hungju Chicken Farm. The completion of the
December 12, 2025
Jagang Province has newly built a black swan and ostrich production base at the Hungju Chicken Farm. The completion of the
Proud entities visually showing the rapid development of the socialist countryside flourishing day by day are being built one
December 11, 2025
Proud entities visually showing the rapid development of the socialist countryside flourishing day by day are being built one
There was the second-day sitting of the 13th Plenary Meeting of the Eighth Central Committee of the Workers' Party of Korea on
December 11, 2025
There was the second-day sitting of the 13th Plenary Meeting of the Eighth Central Committee of the Workers' Party of Korea on
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People’s
December 11, 2025
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People’s
A spokesman for the Ministry of Defense of China urged Japan to fulfil its obligation as a defeated nation at a press conference
December 11, 2025
A spokesman for the Ministry of Defense of China urged Japan to fulfil its obligation as a defeated nation at a press conference
Choe Son Hui, minister of Foreign Affairs of the Democratic People's Republic of Korea, No Kwang Chol, minister of National
December 11, 2025
Choe Son Hui, minister of Foreign Affairs of the Democratic People's Republic of Korea, No Kwang Chol, minister of National
The secretary office of the premier of the Cabinet of the Democratic People's Republic of Korea on December 10 informed the Korean
December 11, 2025
The secretary office of the premier of the Cabinet of the Democratic People's Republic of Korea on December 10 informed the Korean
Pak Jong Chon and Jo Chun Ryong, secretaries of the Central Committee of the Workers' Party of Korea, Kim Jae Ryong, department
December 11, 2025
Pak Jong Chon and Jo Chun Ryong, secretaries of the Central Committee of the Workers' Party of Korea, Kim Jae Ryong, department
Amid the growing joy of the macrobians leading a blessed life under the socialist system of the DPRK, Yonha-dong of Sinuiju City,
December 11, 2025
Amid the growing joy of the macrobians leading a blessed life under the socialist system of the DPRK, Yonha-dong of Sinuiju City,
The provincial building materials exhibition-2025 opened with due ceremony at the Sci-Tech Complex in Pyongyang on December 9.
December 11, 2025
The provincial building materials exhibition-2025 opened with due ceremony at the Sci-Tech Complex in Pyongyang on December 9.
A potato farina production factory was newly built and inaugurated in Jangjin County, South Hamgyong Province. The factory has a
December 11, 2025
A potato farina production factory was newly built and inaugurated in Jangjin County, South Hamgyong Province. The factory has a
Developing countries are paying close attention to education, regarding it as a crucial issue for achieving national prosperity.
December 10, 2025
Developing countries are paying close attention to education, regarding it as a crucial issue for achieving national prosperity.
The Hungarian minister of foreign affairs and trade opposed a plan of the European Union to ban the import of Russian energy throu
December 10, 2025
The Hungarian minister of foreign affairs and trade opposed a plan of the European Union to ban the import of Russian energy throu
Japan continues to contaminate the sea with successive discharge of nuclear waste water.On December 4 the Tokyo Electric Power Com
December 10, 2025
Japan continues to contaminate the sea with successive discharge of nuclear waste water.On December 4 the Tokyo Electric Power Com
More Articles
