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Japan's Record Defense Budget

Japan's Record Defense Budget

Japan's Record Defense Budget
Japan's Record Defense Budget

Japan's record-breaking 115.5 trillion yen budget prioritizes a significant increase in defense spending, reaching 7.5% of the total, or roughly $55 billion. This substantial rise continues a thirteen-year trend of growth and reflects Japan's commitment to meet NATO's 2% GDP defense spending target by 2027. The increased funding supports the mass production of long-range missiles and is driven by concerns over growing threats from China and North Korea. Furthermore, joint military planning with the U.S. indicates a focus on potential conflict in the Taiwan Strait, involving potential U.S. base deployments in Japan.