Japan’s debt soars to historic high ...News

Russia Today - Economy
Japan’s debt soars to historic high
source : Russia Today ( News ) () 29
The country’s national debt has reached 266% of its GDP Japan's national debt has hit a new record high, reaching 1,241 trillion yen, or about $9.55 trillion, in the fiscal year 2021, which ended in March, the Kyodo news agency reported on Tuesday citing data from the country’s Finance Ministry. The country’s debt currently stands at approximately 266% of Japan’s annual GDP, up roughly $190 billion from the previous year. Last year has become the eighteenth consecutive year when Japan’s debt has risen, and the sixth year in a row when it broke previous records. National debt, or the so-called government’s long-ter

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