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Japan’s total debt has climbed to a record 1,317.64 trillion yen ($8.7 trillion), Kyodo news agency reported citing finance ministry data for 2024.
The total debt is more than twice the size of Japan's economy and the largest among advanced economies, according to the report.
The debt increased 31.18 trillion yen from a year earlier.
The debt includes government bonds, borrowing from private banks and financing bills.
As of the end of December, the state's debt consisted of 1,173.56 trillion yen in bonds, 46.88 trillion yen in borrowing and 97.20 trillion yen in financing bills, according to the ministry.
Social security and national defense costs, among others, are reportedly behind the increasing debt.