According to information published on Tuesday by Japan's Ministry of Finance, the total national debt of the country reached 1,342.17 trillion yen (approximately 8.6 trillion USD) by the end of 2025, which is a record for the state, reports Kazinform.
This figure increased by 24.54 trillion yen compared to the previous year and is more than twice the size of the Japanese economy. The main factors contributing to this growth are rising expenditures on social security, national defense, and servicing debt obligations. There is also an increase in the yield of government bonds and a rise in long-term interest rates, as reported by Kyodo.
According to the ministry's data, as of the end of December, the structure of the national debt includes 1,197.64 trillion yen in bonds, 44.13 trillion yen in loans, and 100.40 trillion yen in financial bills.
Long-term borrowing costs continue to rise amid expectations that the Bank of Japan will increase interest rates, while concerns about the country's financial condition grow following Prime Minister Sanae Takichi's promise of large-scale government spending.
