Japan’s Prime Minister Fumio Kishida on Monday set a new target for military spending over the next five years to 43 trillion yen (US$318 billion), or 1.5 times the current level. Photo: AP
Japan’s Prime Minister Fumio Kishida on Monday set a new target for military spending over the next five years to 43 trillion yen (US$318 billion), or 1.5 times the current level. Photo: AP
Japan
Asia /  East Asia

Japan aims to boost five-year defence spending by 50 per cent, to US$318 billion

  • The amount will be 1.5 times the current levels, as Japan eyes defence build-up including the use of pre-emptive strikes
  • But with an ageing, declining population already struggling with a bulging national debt, funding the increase will not be easy

Associated Press
Associated Press

Updated: 9:39pm, 5 Dec, 2022

Why you can trust SCMP
Japan’s Prime Minister Fumio Kishida on Monday set a new target for military spending over the next five years to 43 trillion yen (US$318 billion), or 1.5 times the current level. Photo: AP
Japan’s Prime Minister Fumio Kishida on Monday set a new target for military spending over the next five years to 43 trillion yen (US$318 billion), or 1.5 times the current level. Photo: AP
READ FULL ARTICLE