Japan's national debt reached a record high of 1270 trillion yen at the end of 2022.

Japan's national debt reached a record high of 1270 trillion yen at the end of 2022. Japan's Ministry of Finance announced on the 10th that the national debt of treasury bonds, loans and government short-term securities reached a record high of 1270.499 trillion yen (66 trillion yuan) at the end of 2022. The increase in 2022 is about 29 trillion yen over the previous year, which is faster than that in 2021 (an increase of about 24 trillion yen). Due to the huge fiscal expenditure such as COVID-19 's epidemic situation and the countermeasures for price increases, the amount of treasury bonds issued has increased. Taxes failed to make up for the expansion of spending, and the increase in debt continued.