(こうさい)

こうさい
noun
government bond; public debt
financepolitics
1. government bond; public debt
Bonds issued by national or local governments to finance public spending. Also refers to the resulting public debt.
公債(こうさい)発行(はっこう)する
To issue government bonds.
The outstanding public debt has been increasing year by year.
The government had no choice but to issue a large volume of bonds to cover the fiscal deficit.

A compound of (こう) (public) and (さい) (debt, bond). Covers both national government bonds (国債(こくさい)) and local government bonds (地方債(ちほうさい)).

Japan has one of the highest public debt-to-GDP ratios in the world, making 公債(こうさい) a frequently discussed topic in Japanese news and politics.

Common collocations

Similar words

  • 国債(こくさい): national government bond — specifically bonds issued by the central government
  • 社債(しゃさい): corporate bond — bonds issued by private companies
  • 地方債(ちほうさい): municipal bond — bonds issued by local governments