1.
government bond; public debt
Bonds issued by national or local governments to finance public spending. Also refers to the resulting public debt.
A compound of 公 (public) and 債 (debt, bond). Covers both national government bonds (国債) and local government bonds (地方債).
Japan has one of the highest public debt-to-GDP ratios in the world, making 公債 a frequently discussed topic in Japanese news and politics.
Common collocations
- 公債を発行する: to issue government bonds
- 公債残高: outstanding government debt
- 公債費: debt service costs
- 公債依存度: bond dependency ratio