Japan examines the potential of an unprecedented 30 trillion yen in government bond expenses, marking an all-time high in the country's fiscal history. These considerations, highly pertinent to the national budget and economic policy, revolve around the continuous growth in debt to ward off deflation in the Japanese economy. However, experts warn about the impending financial risks that come with this rise in national debt, pushing the government to rethink its fiscal approach and strategies.

Japan has been grappling with economic stagnation and deflation for decades, leading to a high dependency on government bonds to stimulate the economy. Many Japanese are concerned about the long-term economic stability, especially considering Japan's rapidly aging population. The issue of national debt is interwoven with political processes, fiscal policies, and societal expectations about public spending.

In contrast, countries like the US and the EU have different approaches when it comes to coping with national debt. While the US also has a considerable national debt, it generally manages to sustain economic growth due to its broad economic base. EU countries, on the other hand, are bounded by strict fiscal regulations from the European Union, aiming to maintain national debts below specific levels.