Political Risk

Japan MoD requests ballistic missile defense funding in wake of NKorea threat

“Japan’s Ministry of Defense issued a budget request Thursday for 5.26 trillion yen (U.S. $47.67 billion) for the fiscal year starting next April, representing a rise of 2.5 percent in spending over the previous year — the sixth straight annual increase as North Korea continues its ballistic missile development and nuclear weapons programs.”

Source: Japan MoD requests ballistic missile defense funding in wake of NKorea threat

OODA Analyst

OODA Analyst

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