Japan’s National Debt Dips Below ¥30 Trillion, But FY2025 Budget Hits Record High
Japan is set to adopt a record-breaking budget for fiscal year 2025, totaling a staggering $734 billion (115.5 trillion yen). This unprecedented spending plan, revealed late December, reflects a confluence of factors, including rising defense expenditures, escalating social security costs, and the increasing burden of debt servicing. The budget, the largest in Japan’s history, will … Read more