The outstanding balance of Japanese government debt fell to 1,323,363.2 billion yen at the end of September, marking the first decline in two years. The Ministry of Finance attributed this reduction to the government's use of yen funds from large-scale currency interventions to redeem financing bills.
The debt per person in Japan, with an estimated population of 122.69 million as of October 1, stands at approximately 10.79 million yen. The decrease in debt comes after the government and the Bank of Japan conducted market interventions in April-May and July-August, buying over 27 trillion yen to stabilize the yen's depreciation.
Breaking down the debt, general government bonds reached a record high of 1,115,135.9 billion yen, increasing by 4,252 billion yen. Financing bills dropped by 25,500 billion yen to 68,899.4 billion yen, while borrowings decreased by 921.9 billion yen to 39,615.5 billion yen.