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 Organization of Islamic Cooperation held an emergency meeting on February 26 to reject Israel’s moves to expand its territory.
March 05, 2026
The Organization of Islamic Cooperation held an emergency meeting on February 26 to reject Israel’s moves to expand its territory.
Populations are rapidly decreasing in many countries. The Japanese Ministry of Welfare and Labour announced in August last year
March 05, 2026
Populations are rapidly decreasing in many countries. The Japanese Ministry of Welfare and Labour announced in August last year
China decided on February 24 to impose sanctions against Japan as regards the Japanese authorities’ ever-undisguised moves to
March 04, 2026
China decided on February 24 to impose sanctions against Japan as regards the Japanese authorities’ ever-undisguised moves to
Russia is bitterly denouncing and rejecting the West’s adventurist moves to provide Ukraine with nuclear weapons.At a UN Security
March 04, 2026
Russia is bitterly denouncing and rejecting the West’s adventurist moves to provide Ukraine with nuclear weapons.At a UN Security
The respected Comrade Kim Jong Un received flower baskets from the National Committee of the All Progressive Congress of Nigeria
March 04, 2026
The respected Comrade Kim Jong Un received flower baskets from the National Committee of the All Progressive Congress of Nigeria
The grand art performance "Song Dedicated to the Motherly Party", which significantly commemorated the Ninth Congress of the
March 04, 2026
The grand art performance "Song Dedicated to the Motherly Party", which significantly commemorated the Ninth Congress of the
The respected Comrade Kim Jong Un received congratulatory messages and letters from different countries on the occasion of the
March 04, 2026
The respected Comrade Kim Jong Un received congratulatory messages and letters from different countries on the occasion of the
Russia commemorated the Day of Defenders of the Motherland on February 23. Russian President Vladimir Putin presented a wreath at
March 03, 2026
Russia commemorated the Day of Defenders of the Motherland on February 23. Russian President Vladimir Putin presented a wreath at
DPRK divers Jo Jin Mi and Kim Mi Hwa finished runners-up in the women’s 10-metre platform synchronized diving event of
March 03, 2026
DPRK divers Jo Jin Mi and Kim Mi Hwa finished runners-up in the women’s 10-metre platform synchronized diving event of
The respected Comrade Kim Jong Un sent a birthday spread to Kim Jong Bok, a woman living in Neighbourhood Unit No. 68 of the
March 03, 2026
The respected Comrade Kim Jong Un sent a birthday spread to Kim Jong Bok, a woman living in Neighbourhood Unit No. 68 of the
Graduating class students of senior middle schools in Kangwon Province have volunteered for military service to reliably defend
March 03, 2026
Graduating class students of senior middle schools in Kangwon Province have volunteered for military service to reliably defend
The exhibition of sci-tech achievements in different sectors of the national economy-2025, which opened in late December last
March 03, 2026
The exhibition of sci-tech achievements in different sectors of the national economy-2025, which opened in late December last
The chief secretaries of city and county committees of the Workers' Party of Korea and the chairpersons of city and county
March 02, 2026
The chief secretaries of city and county committees of the Workers' Party of Korea and the chairpersons of city and county
Comrades,Reliable workers and officials of the Sangwon Cement Complex, who are a source of pride and strength for the country and
March 02, 2026
Comrades,Reliable workers and officials of the Sangwon Cement Complex, who are a source of pride and strength for the country and
The historic Ninth Congress of the Workers' Party of Korea unveiled a grand plan to further expand the construction work for the
March 02, 2026
The historic Ninth Congress of the Workers' Party of Korea unveiled a grand plan to further expand the construction work for the
Russian President Vladimir Putin referred to the issue of bio-economic development as he addressed the future technology forum on
March 02, 2026
Russian President Vladimir Putin referred to the issue of bio-economic development as he addressed the future technology forum on
A spokesperson for the Chinese Foreign Ministry rejected the groundless criticism by the US at a press conference on February 25.
March 02, 2026
A spokesperson for the Chinese Foreign Ministry rejected the groundless criticism by the US at a press conference on February 25.
The Sangwon Cement Complex fulfilled its production plan for February. The complex made the employees engage in technical
March 02, 2026
The Sangwon Cement Complex fulfilled its production plan for February. The complex made the employees engage in technical
Foreign personages paid congratulatory visits to the DPRK missions in their countries on the occasion of the 84th birth
March 01, 2026
Foreign personages paid congratulatory visits to the DPRK missions in their countries on the occasion of the 84th birth
The 39th Science and Technology Festival of Kim Il Sung University took place from February 25 to 27. Presented to the festival on
March 01, 2026
The 39th Science and Technology Festival of Kim Il Sung University took place from February 25 to 27. Presented to the festival on
More Articles
