Japan's national debt hit 960 trillion yen ($12 trillion), a record, at the end of fiscal 2011, the Finance Ministry said on May 10.
The ministry forecast that Japan's outstanding debts will top 1 quadrillion yen at the end of fiscal 2012.
It said the government's total outstanding debt reached 959.95 trillion yen, up 35.59 trillion yen from a year earlier.
Bonds made up the largest portion of debt at 789.34 trillion yen, a year-on-year increase of 30.77 trillion yen. Finance bills to provide cash for foreign exchange interventions came to 116.87 trillion yen, up by 6.08 trillion yen. Borrowing came to 53.74 trillion yen, down by 1.26 trillion yen.
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