Japan's Domestic Debt Reaches New Historic High

2022-05-11T05:17:37.340Z

The size of Japan's domestic debt, the so-called long-term debt, has reached a new historical mark. It is reported by Yomiuri with reference to the Ministry of Finance of the country. It is noted that the total public debt of Japan at the end of fiscal year 2021 (March 31, 2022) reached 1,241.3 trillion yen (more than $9.5 trillion at the current exchange rate). Japan's public debt is made up of the total amount of government bonds, short-term government securities and temporary borrowings. O