Since the early 1990's Japan has experienced continuous stagnation. Recently, policies put in place by the Government to tackle the crisis have tended to push debt levels even higher. Currently, the Japanese Government is spending almost half of its total tax revenue on tackling the enormous debt. In spite of this, the yield on 10-year Japanese bonds remains at a surprisingly low level, under one percent. Greece has accumulated a massive debt. On 14 July 2015, the IMF released a report addressing Greece's debt sustainability.
Public debt hits Rs 2.8 trillion mark