Japan’s Defense Ministry is seeking to follow through on Prime Minister Fumio Kishida’s pledge to ‘significantly increase’ defense spending over five years, but experts say an initial budget request released on Wednesday signals incremental increases rather than dramatic increases.
The ministry said it was seeking 5.59 trillion yen ($40 billion) in spending for the next fiscal year – a total that would exceed its record budget of 5.4 trillion yen, set in the fiscal year. 2022. The figure could also rise further, since funds for a number of projects – possibly as many as 100, according to media reports – have yet to be specified.
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