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 Ministry of Defense demanded the US observe the one China principle at a press conference on December
December 22, 2025
A spokesman for the Chinese Ministry of Defense demanded the US observe the one China principle at a press conference on December
Russian Foreign Minister Sergei Lavrov condemned the moves to revive Nazism in Europe in an interview with an Iranian TV on
December 22, 2025
Russian Foreign Minister Sergei Lavrov condemned the moves to revive Nazism in Europe in an interview with an Iranian TV on
New houses have been built at the Ujung and Phyongsang farms in Usi County and the Wolmyong Farm of Kophung County in Jagang
December 22, 2025
New houses have been built at the Ujung and Phyongsang farms in Usi County and the Wolmyong Farm of Kophung County in Jagang
New houses have been built in Songhan-dong and Sonsang-dong of Sinuiju City, North Phyongan Province, and Sanbuk-ri of Suan
December 22, 2025
New houses have been built in Songhan-dong and Sonsang-dong of Sinuiju City, North Phyongan Province, and Sanbuk-ri of Suan
The respected Comrade Kim Jong Un sent a birthday spread to An Ul Duk, a woman living in Neighbourhood Unit No. 19 of Oryu-dong,
December 22, 2025
The respected Comrade Kim Jong Un sent a birthday spread to An Ul Duk, a woman living in Neighbourhood Unit No. 19 of Oryu-dong,
Families of those related to the anti-Japanese revolutionary struggle in China met at the DPRK embassy in Beijing to attend a film
December 22, 2025
Families of those related to the anti-Japanese revolutionary struggle in China met at the DPRK embassy in Beijing to attend a film
The Central Committee of the great Workers' Party of Korea is bringing earlier the eye-opening future of the comprehensive
December 21, 2025
The Central Committee of the great Workers' Party of Korea is bringing earlier the eye-opening future of the comprehensive
The Hydraulic Engineering Research Institute under the State Academy of Sciences has built a model experiment technical process
December 21, 2025
The Hydraulic Engineering Research Institute under the State Academy of Sciences has built a model experiment technical process
A spokesman for the Chinese foreign ministry answered a question of a journalist as regards the interrogation data on Unit 731 of
December 21, 2025
A spokesman for the Chinese foreign ministry answered a question of a journalist as regards the interrogation data on Unit 731 of
Modern houses of diverse and unique styles have been built in Yonggo-ri of Sinhung County and Pulgunbyol-ri of Hamju County, South
December 21, 2025
Modern houses of diverse and unique styles have been built in Yonggo-ri of Sinhung County and Pulgunbyol-ri of Hamju County, South
In the DPRK, new posters have been produced to encourage all the people in their struggle to steadily usher in a new era of
December 21, 2025
In the DPRK, new posters have been produced to encourage all the people in their struggle to steadily usher in a new era of
Kimchi is one of the typical foods of the DPRK. A unique processed vegetable made through lactic fermentation of vegetable, kimchi
December 21, 2025
Kimchi is one of the typical foods of the DPRK. A unique processed vegetable made through lactic fermentation of vegetable, kimchi
Thanks to the energetic leadership of the Workers' Party of Korea dynamically opening up a new era of comprehensive rejuvenation
December 20, 2025
Thanks to the energetic leadership of the Workers' Party of Korea dynamically opening up a new era of comprehensive rejuvenation
The Hungarian minister of foreign affairs and trade condemned the NATO secretary general for his wild remarks on December 12. As
December 20, 2025
The Hungarian minister of foreign affairs and trade condemned the NATO secretary general for his wild remarks on December 12. As
Centres for education through experiments and laboratories have wonderfully been built in many universities. Kim Il Sung
December 20, 2025
Centres for education through experiments and laboratories have wonderfully been built in many universities. Kim Il Sung
Cambodian King Norodom Sihamoni and Great Queen Norodom Monineath Sihanouk sent large flower baskets to the DPRK embassy in Phnom
December 20, 2025
Cambodian King Norodom Sihamoni and Great Queen Norodom Monineath Sihanouk sent large flower baskets to the DPRK embassy in Phnom
Splendid inauguration ceremonies of regional-industry factories are taking place in the DPRK in succession, significantly adorning
December 20, 2025
Splendid inauguration ceremonies of regional-industry factories are taking place in the DPRK in succession, significantly adorning
As deep emotion and joy sweeps the DPRK in the new era of regional development and prosperity which has been ushered in by the
December 20, 2025
As deep emotion and joy sweeps the DPRK in the new era of regional development and prosperity which has been ushered in by the
The people’s laughter rings out endlessly along with the creations of the era which spring up in different parts of the DPRK to
December 19, 2025
The people’s laughter rings out endlessly along with the creations of the era which spring up in different parts of the DPRK to
A spokesman for the Chinese Ministry of Foreign Affairs answered a journalist’s question raised on the occasion of December 13,
December 19, 2025
A spokesman for the Chinese Ministry of Foreign Affairs answered a journalist’s question raised on the occasion of December 13,
More Articles
