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
From the outset of the new year, the present ultra-right ruling forces of Japan are adding a serious danger to the security
January 12, 2026
From the outset of the new year, the present ultra-right ruling forces of Japan are adding a serious danger to the security
The Danish prime minister rejected the US’ attempt to annex Greenland in a radio interview on January 5.As regards the US chief ex
January 12, 2026
The Danish prime minister rejected the US’ attempt to annex Greenland in a radio interview on January 5.As regards the US chief ex
A spokesman for the EU Commission on January 5 took a stand against the US ruler’s remarks revealing the intention to gain
January 12, 2026
A spokesman for the EU Commission on January 5 took a stand against the US ruler’s remarks revealing the intention to gain
means devising one’s way to live by one’s own determination and efforts without relying on others. The DPRK’s history of
January 12, 2026
means devising one’s way to live by one’s own determination and efforts without relying on others. The DPRK’s history of
A meeting with sportspersons who won the international games in 2025 was held on January 9. Present there were Kim Il Guk,
January 12, 2026
A meeting with sportspersons who won the international games in 2025 was held on January 9. Present there were Kim Il Guk,
Officials of ministries and national agencies in the DPRK did the first Friday labour of the new year at farms in Pyongyang on
January 12, 2026
Officials of ministries and national agencies in the DPRK did the first Friday labour of the new year at farms in Pyongyang on
New houses have been built in Sambong-ri of Phyongwon County and Yonphung-ri of Anju City, South Phyongan Province. Attending the
January 12, 2026
New houses have been built in Sambong-ri of Phyongwon County and Yonphung-ri of Anju City, South Phyongan Province. Attending the
The Phyongsong Synthetic Leather Factory overfulfilled its yearly plan and produced hundreds of thousands of square metres of more
January 12, 2026
The Phyongsong Synthetic Leather Factory overfulfilled its yearly plan and produced hundreds of thousands of square metres of more
The Mexican president rejected the US’ attempt to interfere in the internal affairs of her country at a press conference on Januar
January 11, 2026
The Mexican president rejected the US’ attempt to interfere in the internal affairs of her country at a press conference on Januar
Han Yong Sun, winner of the Communist Mother Honour Prize living in Musan County of North Hamgyong Province, was a well-known
January 11, 2026
Han Yong Sun, winner of the Communist Mother Honour Prize living in Musan County of North Hamgyong Province, was a well-known
The General Association of Koreans in China held celebrations on the occasion of the New Year 2026. Officials and members of the
January 11, 2026
The General Association of Koreans in China held celebrations on the occasion of the New Year 2026. Officials and members of the
Cement production units in the DPRK have increased production since the beginning of the year. The Sangwon Cement Complex carried
January 11, 2026
Cement production units in the DPRK have increased production since the beginning of the year. The Sangwon Cement Complex carried
The respected Comrade Kim Jong Un sent a flower basket to Thongloun Sisoulith, who was reelected as general secretary of the
January 11, 2026
The respected Comrade Kim Jong Un sent a flower basket to Thongloun Sisoulith, who was reelected as general secretary of the
The right to existence of the working masses is being trampled down in Western countries. In December last year, farmers from
January 10, 2026
The right to existence of the working masses is being trampled down in Western countries. In December last year, farmers from
Bloody, violent crimes occurred in succession in Western countries around New Year’s Day.A man in his 20s brandished a knife to ca
January 10, 2026
Bloody, violent crimes occurred in succession in Western countries around New Year’s Day.A man in his 20s brandished a knife to ca
Photo exhibitions "Ushering in an era of gigantic transformation for comprehensive development of Korean-style socialism" were
January 10, 2026
Photo exhibitions "Ushering in an era of gigantic transformation for comprehensive development of Korean-style socialism" were
Kim Jong Un, general secretary of the Workers' Party of Korea, sent a message of greeting to Thongloun Sisoulith, general
January 10, 2026
Kim Jong Un, general secretary of the Workers' Party of Korea, sent a message of greeting to Thongloun Sisoulith, general
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
January 10, 2026
Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
New houses have appeared at the Sinphung and Yongjung farms in Sinpho City and at the Namhoe Farm in Hongwon County of South
January 10, 2026
New houses have appeared at the Sinphung and Yongjung farms in Sinpho City and at the Namhoe Farm in Hongwon County of South
In 2025, the DPRK made positive efforts to develop sports and make them mass-based.Fierce gamesAs in 2024, many sports games held
January 09, 2026
In 2025, the DPRK made positive efforts to develop sports and make them mass-based.Fierce gamesAs in 2024, many sports games held
More Articles
