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Japan’s On Brink Of Becoming World’s Third-largest Military Spender by bcreporter: 3:33pm On Aug 30 |
Japan’s Defense Ministry has asked for an unprecedented budget of 8.5 trillion yen ($59 billion) for the upcoming financial year as the nation faces growing military threats from China. The proposed budget, which would be Japan’s largest ever, is part of its plans to bolster its defense capabilities, particularly in the southwestern islands, where tensions with Beijing are intensifying. The proposal, which still needs to be submitted to the finance ministry for final approval, marks the third year of Japan’s ambitious five-year military expansion plan. The government plans to allocate 43 trillion yen ($297 billion) by 2027, effectively doubling its annual defense spending to around 10 trillion yen. https://trendburst.com.ng/japans-on-brink-of-becoming-worlds-third-largest-military-spender/
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