Japan Requests Record Defense Spending Amid Rising Tensions with China
Prime Minister Fumio Kishida‘s plan to increase military spending by 43 trillion yen over five years has taken an important step forward with the defense ministry of Japan submitting an unprecedented budget request of 7.7 trillion yen (about US$52.67 billion) for the fiscal year 2024. By 2027, the ambitious plan, which was unveiled last year, seeks to raise Japan’s defense …