Japan's government debt reached a record ¥1.3 trillion by the end of June.

Japan's central government debt reached a record ¥1.34 trillion, reflecting ongoing borrowing due to spending exceeding tax revenues.

Japan’s central government debt hit a staggering ¥1.34 trillion by the end of June, a jump of ¥2.84 trillion in just three months, as reported by the Ministry of Finance. This surge shows the government’s ongoing struggle, relying heavily on borrowing because spending is outpacing tax revenues.

With an estimated population of 122.9 million, that’s about ¥10.95 million per person. Of this debt, general government bonds are at ¥1.11 trillion, up by ¥6.58 trillion. Meanwhile, borrowings dipped to ¥40.53 trillion, but short-term government securities rose to ¥94.39 trillion. Looking ahead, total debt is projected to hit ¥1.49 trillion by the end of fiscal 2026.

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