According to Japan’s Finance Ministry, the country’s total government debt reached 1,343.84 trillion yen as of end-March 2026, marking a 10-year consecutive record high. The debt increased by 20.13 trillion yen from the previous fiscal year. Japanese government bonds accounted for 1,207.22 trillion yen of the total, with general bonds (repaid mainly through tax revenue) rising by 24.56 trillion yen to 1,104.30 trillion yen, the primary driver of debt growth.
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