Society | Nov 12

National debt hits record Y1.08 quad.

Japan’s national debt hit a record ¥1,080,440.5 billion at the end of September, up ¥1,474.1 billion from three months before, the Finance Ministry said Friday.

Per capita debt came to some ¥8.53 million, based on the country’s estimated population of 126.72 million as of Oct. 1.

The national debt is the combined balance of Japanese government securities, borrowings and financing bills.

The balance of government securities grew ¥4,767.1 billion to ¥949,998.6 billion, led by an increase in outstanding bonds maturing in 10 years or more.

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