Japan’s state debt swelled to a record 1,311.04 trillion yen ($9 trillion) as of the end of June, topping the 1,300 trillion yen mark for the first time ever, government data showed Friday, underscoring its dire fiscal health. The debt increased by 13.88 trillion yen from three months earlier, as Japan has had to ramp up spending to help households hit by accelerating inflation. The total is more than twice the size of the 600 trillion yen Japanese economy. The Bank of Japan has entered its interest rate hike cycle and plans to cut its buying of government bonds, as it whittles down massive mo…