Japanese Prime Minister Yoshihide Suga’s government approved a ninth consecutive rise in military spending on Monday, funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China’s growing military power.
The Ministry of Defense will get a record 5.34 trillion yen ($51.7 billion) for the year starting in April, up 1.1% from this year. With Suga’s large majority in parliament, enactment of the budget is all but certain. Read More…
