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Japan in Depth / Reform needed to escape debt

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Takanori Yamamoto and Miho Kibiki / Yomiuri Shimbun Staff Writers

With swelling social security costs and slow growth in tax revenues pushing the nation's total debts to a record high, the government must introduce painful measures such as tax hikes and social security system reform to free the nation from its long-standing fiscal dependence on debt.

Whether the government will be able to take concrete steps toward such reform is the key to rectifying the situation.

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