Finance Minister Katayama Aims to Reduce Debt-to-GDP Ratio to Prevent Escalation
Japanese Finance Minister Katayama states the government will work to lower the country’s debt-to-GDP ratio, striving to keep public debt from growing unchecked.
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Terms & Concepts
Debt-to-GDP ratio: A measure comparing a country's public debt to its gross domestic product, indicating the ability to repay debt.