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Japan’s Rising Defense Budget Is Now Nearly on Par With Russia
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| Contributor | RP |
| Last Edited | RP Dec 06, 2022 01:09pm |
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| Category | Rule Change |
| News Date | Tuesday, December 6, 2022 02:15:00 AM UTC0:0 |
| Description | Japanese Prime Minister Fumio Kishida has ordered a sharp defense spending hike that could see his long-pacifist country’s defense budget balloon to near the levels spent by Russia.
Kishida instructed ministers to put together a budget of about 43 trillion yen ($315 billion) for the five-year period starting in April, Defense Minister Yasukazu Hamada said Monday. That’s up 57% on the 27 trillion yen initially budgeted for the current five-year period. |
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