Recently, many economic records have been announced over the world. Now it is Japan's turn. The Japanese government debt has topped one quadrillion yen for the first time ever! According to the latest data, the debt has achieved a record and is rising further. It is $10.46 trillion. Japan's burden increased 1.7% last month. It is twice bigger than the GDP of Germany, the UK, and France. Analytical forecasts for the current year are disappointing. The budget deficit is expected to reach a 10.3% mark versus 9.9% in the previous 12 months. The government uses monetary instruments aimed at stabilization and reduction of the hole between the budget revenue and spending. However, despite these severe measures, the budget shortfall is forecast to stay above 2% of GDP even by 2020. Earlier this year, Japanese Prime Minister Shinzo Abe unveiled a new plan on economic stimulus amounting to 10 trillion yen. The money will be directed to infrastructure renewal and support of private investment. The Japanese authorities are discussing a tax reform including a hike in sales tax to 8% from current 5%. The final decision will be taken September 9 after a revised GDP report for Q2 is released. Still, there is positive news, Japanese national investors own more than 90% of the country's debt. Japan's international reserves are the second in the world and top 1 trillion U.S. dollars.