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 French president criticized the US’ foreign policy on January 8. As regards the fact that the US decided to break from 66
January 15, 2026
The French president criticized the US’ foreign policy on January 8. As regards the fact that the US decided to break from 66
The Tokyo Shimbun on January 9 carried an article titled “US threat and blackmail out of common sense” denouncing the reckless mov
January 15, 2026
The Tokyo Shimbun on January 9 carried an article titled “US threat and blackmail out of common sense” denouncing the reckless mov
New houses have appeared at the Sugye Farm in Unsan County and the Mungok Stockbreeding Farm in Nyongwon County, South Phyongan
January 15, 2026
New houses have appeared at the Sugye Farm in Unsan County and the Mungok Stockbreeding Farm in Nyongwon County, South Phyongan
The art troupe of Korean schoolchildren in Japan led by Ri Chol Su, principal of Toshun Korean Primary School, left Pyongyang on
January 15, 2026
The art troupe of Korean schoolchildren in Japan led by Ri Chol Su, principal of Toshun Korean Primary School, left Pyongyang on
The respected Comrade Kim Jong Un sent birthday spreads to Kim Sang Chun living in Neighbourhood Unit No. 16, Aedo-dong, Jongju
January 15, 2026
The respected Comrade Kim Jong Un sent birthday spreads to Kim Sang Chun living in Neighbourhood Unit No. 16, Aedo-dong, Jongju
Science and technology are being diffused widely in the DPRK with the Sci-Tech Complex as the hub. Modern regional-industry
January 15, 2026
Science and technology are being diffused widely in the DPRK with the Sci-Tech Complex as the hub. Modern regional-industry
The respected Marshal Kim Jong Un received on January 13 a letter from the members of the 35th Art Troupe of Korean Schoolchildren
January 15, 2026
The respected Marshal Kim Jong Un received on January 13 a letter from the members of the 35th Art Troupe of Korean Schoolchildren
Haemoglobin cosmetic is now popular among many women. Developed by the Pyongyang Cosmetics Factory, this product is applicable to
January 15, 2026
Haemoglobin cosmetic is now popular among many women. Developed by the Pyongyang Cosmetics Factory, this product is applicable to
The Wonsan General Fishing Implements Factory was inaugurated in Kangwon Province. The respected Comrade Kim Jong Un gave
January 14, 2026
The Wonsan General Fishing Implements Factory was inaugurated in Kangwon Province. The respected Comrade Kim Jong Un gave
The Cameroonian President warned that the crises and conflicts that are worsening all across the world constitute great threats to
January 14, 2026
The Cameroonian President warned that the crises and conflicts that are worsening all across the world constitute great threats to
The Vietnamese prime minister mentioned the country’s economic development at a government meeting on January 8. He said that
January 14, 2026
The Vietnamese prime minister mentioned the country’s economic development at a government meeting on January 8. He said that
Modern houses have been built at the Hwangju Township Farm of the North Hwanghae Provincial Rural Economy Committee and the
January 14, 2026
Modern houses have been built at the Hwangju Township Farm of the North Hwanghae Provincial Rural Economy Committee and the
There took place a seminar for deeply grasping the immortal leadership exploits of President Kim Il Sung, Chairman Kim Jong Il and
January 14, 2026
There took place a seminar for deeply grasping the immortal leadership exploits of President Kim Il Sung, Chairman Kim Jong Il and
A photo exhibition "Bringing up a large contingent of successors to the revolution and patriotic youth with great politics of
January 14, 2026
A photo exhibition "Bringing up a large contingent of successors to the revolution and patriotic youth with great politics of
The Korean people conducted mass sports activities across the country on the first sports day of this year. Sports games were held
January 13, 2026
The Korean people conducted mass sports activities across the country on the first sports day of this year. Sports games were held
Russian Foreign Ministry spokeswoman Maria Zakharova on January 8 warned the West against deploying armed forces in Ukraine.
January 13, 2026
Russian Foreign Ministry spokeswoman Maria Zakharova on January 8 warned the West against deploying armed forces in Ukraine.
The Sixth Memory Contest of University Students took place last year bringing together excellent students selected from different
January 13, 2026
The Sixth Memory Contest of University Students took place last year bringing together excellent students selected from different
At a time when new villages are springing up across the DPRK, new houses have been built at the Yaksan Farm in Songhwa County and
January 13, 2026
At a time when new villages are springing up across the DPRK, new houses have been built at the Yaksan Farm in Songhwa County and
2025 was a year when the DPRK powerfully promoted its economic development on the strength of science and technology. Scientific
January 13, 2026
2025 was a year when the DPRK powerfully promoted its economic development on the strength of science and technology. Scientific
The phrase “Groundbreaking means inauguration” was coined in the DPRK as lots of edifices for the well-being of the people are
January 13, 2026
The phrase “Groundbreaking means inauguration” was coined in the DPRK as lots of edifices for the well-being of the people are
More Articles
