Japanese Govt. Considers 50% Increase In 5-year Defense Budget
Japanese government officials have agreed on a plan to set total defense spending for the next five fiscal years at 40 to 43 trillion yen, or around 300 billion dollars.
They discussed the appropriate amount after Prime Minister Kishida Fumio instructed ministers to raise the annual defense and other related budgets to 2 percent of the country's gross domestic product in fiscal 2027.
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