The outstanding balance of central and local government debt at the end of fiscal 2012 is expected to rise to an all-time high of ¥937 trillion, the government said Saturday, leaving Japan with the worst fiscal health among major developed countries.
The total debt will be equivalent to 195 percent of Japan's gross domestic product, the Finance Ministry said.
The central government's total bond debt is expected to amount to around ¥709 trillion at the close of fiscal 2012, which ends in March 2013, up from the projected ¥676 trillion at the end of the current fiscal year. (Japan Times)
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