Japan's Economy Faces Major Challenges Amidst Rising Debt and Transformation

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Source: The New York Times
Japan's Economy Faces Major Challenges Amidst Rising Debt and Transformation
Photo: The New York Times
TL;DR

Japan's government debt has surged to nearly $9 trillion, more than twice its GDP, due to prolonged debt-fueled spending on social programs, pandemic relief, and defense, forcing the country to confront difficult fiscal choices amid economic challenges.

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