Japan’s debt soars to historic high
The country’s national debt has reached 266% of its GDP
Japan’s national debt has hit a new record high, reaching 1,241 trillion yen, or about $9.55 trillion, in the fiscal year 2021, which ended in March, the Kyodo news agency reported on Tuesday citing data from the country’s Finance Ministry.
The country’s debt currently stands at approximately 266% of Japan’s annual GDP, up roughly $190 billion from the previous year.