Japan’s Defense Spending on Track to Rise, Despite Economic Challenges
Japan’s Cabinet has approved a record defense budget exceeding 9 trillion yen for the coming year, marking a 9.4% increase and the fourth year of a program to double annual arms spending. This allocation aims to bolster the nation’s strike-back capabilities and coastal defense through the acquisition of cruise missiles and unmanned systems, driven by rising regional tensions. The budget, which includes plans for joint development of fighter jets with Britain and Italy, along with the purchase of upgraded missiles, reflects a strategic shift towards a more offensive military posture. This military buildup has raised concerns from China, while Japan plans to fund its military spending by increasing corporate and tobacco taxes.
John Q. Hosedrinker