TOKYO -- When the U.K. announced uncosted tax breaks last year, it triggered a run on the sterling, sent British government bond yields to their highest since the global financial crisis, and hastened the downfall of Prime Minister Liz Truss after just 44 days in office. This year, the U.K.'s ratio of debt to gross domestic product surpassed 100% for the first time since the early 1960s.
Japan's debt-to-gross-domestic-product ratio is around 260% -- by far the highest among developed economies, exceeding the 204% seen during World War II in 1944. © Illustration by Yoshiko Kawano
Asia Insight
Japan's growing debt mountain: Crisis, what crisis?
Why the world's No. 3 economy stays afloat despite towering debt-GDP ratio
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