Japan gov't debt rises by record ¥101 tril in FY2020

It would be funny to have an independent body audit government spending, they obviously spend way more than they have year on year. How many projects are just waisted money we don’t hear about. Abe masks that cost way more then those masks could possibly have cost. And that’s a pittance for them. The $1.5 million given to the Mori company that closed its doors the next day? No one knows what it was for or where it went. Then the closure of special needs training schools due to lack of money? Transparency would be a horrific kaleidoscope of waist and corruption. But until then increased debt and reduction of services for taxpayers.

No worries. Kuroda will buy all those new bonds with a couple of clicks of his mouse.

The nation's debt consisted of 1,074.16 trillion yen in bonds,

Nearly half of which is held by the Bank of Japan, a public sector institution. So that ain't "debt," folks.

they obviously spend way more than they have year on year. 

"They" are the monopoly issuer of the currency in which the debt is denominated. They "have" nearly an infinite amount of yen to "pay the debt."

you forgot the most important number...

Japan's debt to GDP ratio: 237.54%

far above Venezuela, Sudan, Argentine,...

Plaza Accord 1985.

After Japan signed that disaster, our economy has been stagnet ever since.

Our debt increased trying to figure out a way to counter or stop the affects of the Plaza Accord with Failure after Failure for the past 30 years. Prime Minister after Prime Minister, revolving door, none could counter the affects of the Plaza Accord.

""debt per capita stood at 9.70 million yen based on the estimated population of 125.41 million on April 1.""

So what !? 9.70 million / capita roughly $88,000 is acceptable if it keeps the country afloat.

Japan's debt to GDP ratio: 237.54%

far above Venezuela, Sudan, Argentine,...

True. But unlike the countries mentioned above, Japan's debt is mostly financed internally. Chronic default like the case of Argentine is highly unlikely.

@Wisdomandreasonnippon

After Japan signed that disaster (1985 Plaza Accord), our economy has been stagnet ever since.

That isn't true. Growth in 1988 was 6.8%, higher than what China has been getting. Japan slowed drastically after the 1992 financial meltdown, which was caused by aggressive Japanese real estate and stock speculators and Japanese banks venturing into risk they couldn't handle .

But, hey, foreigners make the best scapegoats, right?

Not a lot of "wisdom" or "reason" in your post.

So what !? 9.70 million / capita roughly $88,000 is acceptable if it keeps the country afloat.

This debt is a weight on the country.

Even if we each had 10 million yen each to hand over to the government now, because they spend the money like gambling addicts at a casino, there’ll be another fresh 10 million each to be paid back in no time.

Correction, it’s not the debt that is the weight - it is the constant overspending through various unsustainable programs that is the weight. Japan needs to reform its spending programs immediately, to reduce the outlays and ensure greater value for money.

Demographics are going to make getting a handle on government spending and increasing tax revenue very hard.

Taxes are quite progressive in Japan, but I suspect the only way is up.

"japan's debt to GDP ratio: 237.54%

far above Venezuela, Sudan, Argentine,..."

So, are you trying to say Japan's economy is worse than those countries you've mentioned?!

You KNOW very well Japan's debt is 90% held domestically. Foreigners don't have a hold on Japan's debt.

You KNOW the difference between Japan's debt versus Venezuela, Sudan, Argentina, China, US of A, Britain et al.

Yet you keep on posting the same rubbish.

Thinking doesn't kill yer no?

Demographics are going to make getting a handle on government spending and increasing tax revenue very hard.

Ah but - is the money spent by government in Japan today spent as efficiently as it is in say your home country?

Japan has lots of room to reform spending to improve efficiency.

You KNOW very well Japan's debt is 90% held domestically.

i hope you're right.

tough my economic knowledge doesn't compute that.

i used to believe that the value of a currency is up to the trust the world have on it.

i used to believe that the value of a currency is up to the trust the world have on it.

That's exactly what it is.

It seems you don't realize that this fact is one of the things leading to said trust (confidence):

Japan's debt is 90% held domestically.