Japan’s outstanding government debt rose to a record at the end of last year, data from the finance ministry showed on Monday, highlighting the worsening state of public finances in a country that has the world’s largest debt burden.
Outstanding debts stood at 1,017 trillion yen ($9.95 trillion) at the end of last year, the finance ministry said in a statement.
Japan’s debt burden, at twice the size of its $5 trillion economy, is the worst among industrialised nations.