Last month the Asahi News on-line report the following:
On the 9th(May) the Ministry of Finance announced that the debt balance of the country at the end of the 2013 fiscal year changed to 1,024,956,800 million yen with 33,355,700 million yen more than the end of last fiscal year, being the highest updating ever. In calculation, each citizen would embrace about 8,060,000 yen in debt.
In addition to compensating the funding shortage in social security which continued to increase, the debt to cover the large-sized economic stimulus package of about 10 trillion yen established in the last fiscal year had increased.
The debt swelled because the government’s borrowing from investors was 853,763,600 million yen and compared with the end of last fiscal year it had increased by 32,300 million yen. The "debt" from financial institutions was 55,504,700 million yen with an increase of 600,000 million yen. The temporary borrowing the "national bond financing bill” debt was 115,688,400 million yen, having an increase of the 400,000 million yen.
8,060,000 yen is a large amount of money. I hope the Japanese government could reduce its dependence on borrowing.