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
A spokesman for the Chinese Foreign Ministry at a press conference on November 10 denounced the Japanese prime minister’s reckless
November 16, 2025
A spokesman for the Chinese Foreign Ministry at a press conference on November 10 denounced the Japanese prime minister’s reckless
November 16 is the founding anniversary of UNESCO. A meeting of the preparatory committee for founding UNESCO took place in London
November 16, 2025
November 16 is the founding anniversary of UNESCO. A meeting of the preparatory committee for founding UNESCO took place in London
Thongsavanh Phomvihane, foreign minister of the Lao People's Democratic Republic, visited the Kumsusan Palace of the Sun to pay
November 15, 2025
Thongsavanh Phomvihane, foreign minister of the Lao People's Democratic Republic, visited the Kumsusan Palace of the Sun to pay
Pak Thae Song, premier of the Cabinet of the Democratic People's Republic of Korea, met Thongsavanh Phomvihane, foreign minister
November 15, 2025
Pak Thae Song, premier of the Cabinet of the Democratic People's Republic of Korea, met Thongsavanh Phomvihane, foreign minister
Kim Jong Un, president of the State Affairs of the Democratic People’s Republic of Korea, was presented with the credentials of
November 15, 2025
Kim Jong Un, president of the State Affairs of the Democratic People’s Republic of Korea, was presented with the credentials of
Russian Foreign Ministry spokeswoman Maria Zakharova denounced the militarist policy of the European Union at a press conference
November 15, 2025
Russian Foreign Ministry spokeswoman Maria Zakharova denounced the militarist policy of the European Union at a press conference
With the economic recession dragging on in Western countries these days, businesses continue to go bankrupt and accordingly the
November 15, 2025
With the economic recession dragging on in Western countries these days, businesses continue to go bankrupt and accordingly the
Three years have passed since the Fourth Plenary Meeting of the Eighth Central Committee of the Workers’ Party of Korea
November 15, 2025
Three years have passed since the Fourth Plenary Meeting of the Eighth Central Committee of the Workers’ Party of Korea
Dmitri Peskov, the Russian president’s press secretary, accused Europe of fomenting the Ukrainian dispute at a press conference
November 14, 2025
Dmitri Peskov, the Russian president’s press secretary, accused Europe of fomenting the Ukrainian dispute at a press conference
The European regional Juche idea seminar on "Independence, Peace and Social Development" took place in Helsinki, Finland, on
November 14, 2025
The European regional Juche idea seminar on "Independence, Peace and Social Development" took place in Helsinki, Finland, on
A spokesman for the Iranian Foreign Ministry asserted that the US is responsible for the aggressive moves of Israel through an SNS
November 14, 2025
A spokesman for the Iranian Foreign Ministry asserted that the US is responsible for the aggressive moves of Israel through an SNS
The 2025 autumn aesthetic symposium of the urban management sector took place at the Sci-Tech Complex in Pyongyang on November 12.
November 14, 2025
The 2025 autumn aesthetic symposium of the urban management sector took place at the Sci-Tech Complex in Pyongyang on November 12.
The Ilhyang Farm in Kyongsong County of North Hamgyong Province reaped a good harvest this year, too. There took place a meeting
November 14, 2025
The Ilhyang Farm in Kyongsong County of North Hamgyong Province reaped a good harvest this year, too. There took place a meeting
There took place a story-telling meeting "Mother's Happiness" of exemplary women agricultural workers and members of the Union of
November 14, 2025
There took place a story-telling meeting "Mother's Happiness" of exemplary women agricultural workers and members of the Union of
Modern houses have been built at the Simpho Farm in Unhung County of Ryanggang Province. There took place a ceremony of moving
November 14, 2025
Modern houses have been built at the Simpho Farm in Unhung County of Ryanggang Province. There took place a ceremony of moving
An agreement on cooperation in the field of public information between the DPRK Information Committee and the Ministry of Digital
November 14, 2025
An agreement on cooperation in the field of public information between the DPRK Information Committee and the Ministry of Digital
The International Symposium of Kim Chaek University of Technology-2025 took place on November 11 and 12. More than 120 sci-tech
November 14, 2025
The International Symposium of Kim Chaek University of Technology-2025 took place on November 11 and 12. More than 120 sci-tech
The Foreign Ministry of the Democratic People's Republic of Korea hosted a reception on the evening of November 12 in honour of
November 14, 2025
The Foreign Ministry of the Democratic People's Republic of Korea hosted a reception on the evening of November 12 in honour of
A symposium in the field of history was held at the Academy of Social Sciences in the DPRK on November 12 to denounce the
November 14, 2025
A symposium in the field of history was held at the Academy of Social Sciences in the DPRK on November 12 to denounce the
Jon Ju Hyon is one of the disabled table tennis players. He began to play table tennis in his primary school days. According to
November 13, 2025
Jon Ju Hyon is one of the disabled table tennis players. He began to play table tennis in his primary school days. According to
More Articles
