Japan's government debt as a percentage of GDP stood at 216.3% in December 2024, according to the latest quarterly data.23 This figure indicates a slight decrease from 217.4% in September 2024.2 However, projections from Trading Economics suggest that the debt-to-GDP ratio is expected to reach 252.00% by the end of 2025.4 In the long term, it is forecasted to trend around 250.00% of GDP in 2026 and 248.00% of GDP in 2027.
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