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Japan faced the world's heaviest financial burden, with its debt amounting to 214% of its GDP, one of the highest levels globally. How is Japan coping with this significant financial challenge amid rising debt levels and slowing economic growth? The government adopted fiscal and austerity policies to ease pressure on the economy, focusing on boosting growth and reducing dependence on debt. Nonetheless, the debt burden continues to pose an ongoing threat to the country's financial stability.
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