Japan's Pm: Defense-related Budget Will Be Raised To 2% Of Gdp In Fy2027
Japan's Prime Minister Kishida Fumio has instructed ministers to raise the annual defense and other related budgets to 2 percent of the country's gross domestic product in fiscal 2027.
Kishida met with Defense Minister Hamada Yasukazu and Finance Minister Suzuki Shunichi on Monday evening. He told them he will decide how to ensure an increase in defense spending after reviewing both revenue and expenditures by yearend. He urged the two to discuss the matter with the ruling coalition parties.
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