Japanese government debt

Japanese government debt refers to the total amount of money the government owes, primarily from issuing bonds to fund public projects and services. As of recent years, Japan's debt exceeds its annual economic output (GDP), making it one of the highest per capita debt levels globally. This high debt level is due to factors like an aging population, slow economic growth, and substantial social welfare costs. The government finances this debt mainly through borrowing, with most bonds held domestically. While large debt levels can pose risks, Japan manages them responsibly, maintaining investor confidence and low borrowing costs.