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 Iraqi government on January 18 announced the US-led international allied forces completely withdrew from military bases in the
January 25, 2026
The Iraqi government on January 18 announced the US-led international allied forces completely withdrew from military bases in the
According to an American organization, more than 400 large-scale shooting cases occurred in the US last year, causing over 40 000
January 25, 2026
According to an American organization, more than 400 large-scale shooting cases occurred in the US last year, causing over 40 000
Fairyland villages were built in different farms in Junghwa and Singye counties of North Hwanghae Province, epitomizing the change
January 25, 2026
Fairyland villages were built in different farms in Junghwa and Singye counties of North Hwanghae Province, epitomizing the change
Kim Jong Un, general secretary of the Workers’ Party of Korea and president of the State Affairs of the Democratic People’s
January 25, 2026
Kim Jong Un, general secretary of the Workers’ Party of Korea and president of the State Affairs of the Democratic People’s
The Workers’ Party of Korea is organizing and conducting in a bold way the work to realign the farm fields of the country into
January 24, 2026
The Workers’ Party of Korea is organizing and conducting in a bold way the work to realign the farm fields of the country into
European countries are strongly resisting the US’ threat to impose from February 1 10 percent tariff on those countries which do n
January 24, 2026
European countries are strongly resisting the US’ threat to impose from February 1 10 percent tariff on those countries which do n
On January 23 1968, the sailors of the Korean People’s Army located an unidentified ship in the waters off Wonsan in the East
January 23, 2026
On January 23 1968, the sailors of the Korean People’s Army located an unidentified ship in the waters off Wonsan in the East
Russian presidential press secretary Dmitri Peskov mentioned about a series of international issues at the recent press
January 23, 2026
Russian presidential press secretary Dmitri Peskov mentioned about a series of international issues at the recent press
The US Senators and Representatives recently criticized the authorities' attempt to annex Greenland. Military invasion of
January 23, 2026
The US Senators and Representatives recently criticized the authorities' attempt to annex Greenland. Military invasion of
A new spectacular sight of regional development has unfolded in the Yombunjin area renowned as a scenic attraction on the east
January 23, 2026
A new spectacular sight of regional development has unfolded in the Yombunjin area renowned as a scenic attraction on the east
Several rural villages in South Phyongan Province have undergone radical changes. Modern houses were built in Soje-ri of Taedong
January 23, 2026
Several rural villages in South Phyongan Province have undergone radical changes. Modern houses were built in Soje-ri of Taedong
The respected Comrade Kim Jong Un sent a birthday spread to Ri Ok Suk, a war veteran living in Neighbourhood Unit No. 14 of
January 23, 2026
The respected Comrade Kim Jong Un sent a birthday spread to Ri Ok Suk, a war veteran living in Neighbourhood Unit No. 14 of
Working people in Kaesong have remodelled the finishing building materials factory. The completion of the factory, furnished with
January 23, 2026
Working people in Kaesong have remodelled the finishing building materials factory. The completion of the factory, furnished with
In 1925 President Kim Il Sung made the 1 000-ri (250 miles) Journey for National Liberation with a lofty aim to win back his
January 23, 2026
In 1925 President Kim Il Sung made the 1 000-ri (250 miles) Journey for National Liberation with a lofty aim to win back his
Russian President Vladimir Putin referred to the foreign policy line of his country in a diplomatic meeting on January 15. He
January 22, 2026
Russian President Vladimir Putin referred to the foreign policy line of his country in a diplomatic meeting on January 15. He
With contagious diseases breaking out one after another across the world, a flu epidemic is rapidly spreading. The World Health
January 22, 2026
With contagious diseases breaking out one after another across the world, a flu epidemic is rapidly spreading. The World Health
Mountain villages in Jagang Province are turning into a fairyland. House-moving in Puji-ri of Songgan County, Ryongmun-ri of
January 22, 2026
Mountain villages in Jagang Province are turning into a fairyland. House-moving in Puji-ri of Songgan County, Ryongmun-ri of
A new catalyst production base has been built at the Namhung Youth Chemical Complex. The catalyst production base is another
January 22, 2026
A new catalyst production base has been built at the Namhung Youth Chemical Complex. The catalyst production base is another
With the implementation of the Regional Development 20x10 Policy of the Workers’ Party of Korea, regional-industry factories are
January 22, 2026
With the implementation of the Regional Development 20x10 Policy of the Workers’ Party of Korea, regional-industry factories are
The Youth Movement Museum marked the tenth anniversary of its founding. The respected fatherly Marshal Kim Jong Un personally
January 22, 2026
The Youth Movement Museum marked the tenth anniversary of its founding. The respected fatherly Marshal Kim Jong Un personally
More Articles
