Political Risk

Japan seeks biggest-ever defense budget amid China concerns

“The ministry endorsed a ¥5.1 trillion ($42 billion) budget request Monday for the year beginning next April, up 2.2 percent from this year. It would be the fourth annual increase under Prime Minister Shinzo Abe, who took office in December 2012 and ended 10 years of defense budget cuts.”

Source: Japan seeks biggest-ever defense budget amid China concerns

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