Japan’s Debt Surpasses 1 Quadrillion Yen as Abe Weighs Tax Rise

Japan’s Debt Surpasses 1 Quadrillion Yen as Abe Weighs Tax Rise

Tomohiro Ohsumi/Bloomberg

Japan’s debt is more than twice the size of the economy, and its fiscal deficit will expand to 10.3 percent of GDP this year from 9.9 percent in 2012, according to OECD data compiled by Bloomberg.