Group 1 - The Japanese government's national borrowing, including government bonds, loans, and short-term securities, is projected to reach 134.2172 trillion yen by the end of December 2025, an increase of 2.45355 trillion yen from the end of December 2024, marking a historical high [3] - The balance of ordinary government bonds that need to be repaid through tax revenue is 109.44874 trillion yen, which is an increase of 2.34827 trillion yen compared to the end of December 2024 [5] - The government plans to issue an additional 2.9584 trillion yen in new bonds for the fiscal year 2026, exceeding the initial 2.86471 trillion yen planned for fiscal year 2025 [6] Group 2 - Prime Minister Fumio Kishida's proposal to reduce the food consumption tax rate to zero within two years has raised market concerns, leading to an increase in long-term interest rates [6] - The Chief Cabinet Secretary Hirokazu Matsuno stated that stabilizing the reduction of the debt-to-GDP ratio will achieve fiscal sustainability and ensure market trust [6]
日本“国家债务”创历史新高
日经中文网·2026-02-11 08:00