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National debt of Japan. Japan national debt to GDP. As of March 2023, the Japanese public debt is estimated to be approximately 9.2 trillion US dollars (1.30 quadrillion yen), or 263% of GDP, [1] and is one of the highest among developed nations. [2][3][4][5] 43.3% of this debt is held by the Bank of Japan. [6]
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
National Debt Clock outside the IRS office in New York City, 2012. There is more debt in the world than there is money in circulation. [9] The ratio of total debt to money supply ranges from 1.7 in Japan and Switzerland to 4.7 in Denmark and Iceland. The ratio for the world total is 1.8, according to the above table.
At the end of March 2022, the Ministry of Finance announced that the national debt reached precisely 1.017 million billion yen. [81] The total public debt of the country, which includes debts contracted by local governments, represents 1.210 million billion yen (9,200 billion dollars) which is nearly 250% of Japan's GDP. [81]
In 2011 Japan's public debt was about 230 percent of its annual gross domestic product, the largest percentage of any nation in the world. [1] In order to address the Japanese budget gap and growing national debt, in June 2012 the Japanese Diet passed a bill to double the national consumption tax to 10%. [2]
The global economic recession of the late 2000s significantly harmed the economy of Japan. The nation suffered a 0.7% loss in real GDP in 2008 followed by a severe 5.2% loss in 2009. In contrast, the data for world real GDP growth was a 3.1% hike in 2008 followed by a 0.7% loss in 2009. [129]
Harris Calls Trump ‘One Of The Biggest Losers Ever’ During Economy Speech In Key Battleground ... national debt clock pin on Capitol Hill in Washington, DC, US, on Thursday, Jan. 26, 2023 ...