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Japan’s fiscal health worsened further at the end of 2024, with total debt climbing to a record 1,317.64 trillion yen ($8.7 trillion), according to Finance Ministry data released on Monday, Kyodo News reported.
Japan’s total debt is more than twice the size of its economy.
Japan’s total debt—more than twice the size of its economy—remains the largest among advanced economies. The 31.18 trillion yen increase from the previous year is largely attributed to rising social security and national defense costs.
As of December 31, 2024, Japan’s state debt consisted of: 1,173.56 trillion yen in government bonds, 46.88 trillion yen in borrowings, and 97.20 trillion yen in financing bills. These figures were also reported by Mainichi Japan.
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