Japan's national debt totaled a record-high ¥1.02 quadrillion

Japan's national debt totaled a record-high quadrillion yen. A quadrillion is 1,000 trillion, or 10 ¹⁵ or a one followed by 15 zeros

What does the United States have in common with Japan’s economy? Demographics of an aging population have consequences for both countries. As Japan News reports, National debt hits record high.

“Japan’s national debt totaled a record-high ¥1.02 quadrillion as of the end of March, up ¥33.36 trillion from a year earlier, the Finance Ministry said.

The central government debt, which increased ¥7.01 trillion from the end of December last year, kept rising mainly due to ballooning social security costs in line with the aging of the population.”

Last year Forbes viewed their debt crisis as staggering