According to Shreya Mundhra in the EurAsian Times, Japan has recently been making headlines regarding its increasing Defense budget amid growing tensions with China. The most recent development is that Tokyo is planning to earmark its biggest five-year Defense budget from the fiscal year 2023 to top $264 billion (30 trillion yen) for the first time.
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| The additional budget invested by Japan for defense spending will primarily be utilized for the acquisition of new equipment, as well as to deploy troops to the southwest islands near China and Taiwan. (Picture source: U.S. NARA & DVIDS) |