Here's why Japan is doubling its defence budget
2 years ago

Here's why Japan is doubling its defence budget

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During a meeting, PM Kishida asked Finance Minister Shunichi Suzuki and Defence Minister Yasukazu Hamada that the island country needs to urgently raise its defence budget by fiscal 2027 Japanese Prime Minister Fumio Kishida has asked key ministers on Monday to secure enough funds to raise defence spending to two per cent of gross domestic product in five years. During a meeting, PM Kishida asked Finance Minister Shunichi Suzuki and Defence Minister Yasukazu Hamada that the island country needs to urgently raise its defence budget by fiscal 2027. Japan is committing to increasing its defence budget for the long term due to its proximity to the Russian aggression, China’s increasing military activity in the region and North Korea’s nuclear ambitions. The administration has also pledged to update the island country’s two other security documents that will cement its defence policy in the coming years.

History of this topic

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