September 02, 2013

Estimated that Japan will spend 25 trillion yen next fiscal year servicing debt, amount same as Singapore GDP

Picture: Japanese currency

"Japan expects to spend a record 25.3 trillion yen to service its debt during the next fiscal year....The amount to be allocated for debt-servicing for the year that will begin on April 1 is nearly as large as the gross domestic product of Singapore, which the World Bank put at $275 billion at the end of 2012."

Source:Japan's debt-funding costs to hit Y25.3 trillion next year
By Takaya Yamaguchi
September 1st 2013
Japan Today

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