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Japan's domestic debt topped 1,000 trillion yen for the first time


Tokyo Tower. File photoTOKYO, May 11Japan's domestic debt, the so-called «long-term debt» that will need to be repaid from taxes collected, has exceeded 1,000 trillion yen (about $7.69 trillion at the exchange rate) for the first time in history. to date), the Kyodo news agency reported on the results of data from the Ministry of Finance. At the end of the previous fiscal year (April 1, 2021 — March 31, 2021), this debt was 1,017 trillion yen (7.82 trillion dollars). The growth of long-term obligations of states continues for 18 years, but for the first time the amount exceeded 1000 trillion. If we add to these debt obligations investment debts and short-term loans, which usually go to fill the current shortage of funds in the budget, then the total amount of Japan's domestic public debt is 1241 trillion (9 .55 trillion dollars).

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