- Japan's national debt has passed ¥1 quadrillion for the first time, increasing 1.7% on quarter in Q2 to ¥1,008.6T ($10.46T).
- That's more than twice the size of Japan's GDP, and larger than the combined economies of Germany, France and the U.K.
- The rise in debt comes as Japan debates whether to increase sales tax to 8% in April from 5% and then to 10% in 2015 in an attempt to shore up its finances. Moody's says that while raising the levy would hamper growth, Japan's ever-increasing debt risks eroding confidence in government bonds.
- ETFs of interest include JGBT, JGBL, JGBS and JGBD.