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25 Dec, 2011

Japan government debt poised to hit all-time high ¥937 trillion in 2012 | The Japan Times Online

The outstanding balance of central and local government debt at the end of fiscal 2012 is expected to rise to an all-time high of ¥937 trillion, the government said Saturday, leaving Japan with the worst fiscal health among major developed countries.

The total debt will be equivalent to 195 percent of Japan’s gross domestic product, the Finance Ministry said

via Combined government debt poised to hit all-time high ¥937 trillion in 2012 | The Japan Times Online.