November 28, 2022
1 min read

Japan’s PM seeks to ramp up defence spending

This is the first time that the Prime Minister has stated the specific level of defence costs…reports Asian Lite News

Japanese Prime Minister Fumio Kishida has required cabinet Ministers to increase Japan’s defence budget to around 2 per cent of GDP in the fiscal year of 2027.

As Japan moves to expand its defence budget in the year starting April 2027, Kishida gave those instructions to Defence Minister Yasukazu Hamada and Finance Minister Shunichi Suzuki on Monday.

This is the first time that the Prime Minister has stated the specific level of defence costs, local media reported.

Japan’s initial budget for fiscal 2022 accounted for 1 per cent of GDP at 5.4 trillion yen (nearly $39.3 billion), Xinhua news agency reported.

The government will determine the budget size and secure funding over the following five years by the end of December, seeking a change in Japan’s post-World War II security strategy, according to Nikkei Asia.

ALSO READ: HRW urges China, Japan, India to help Lanka restructure debts

Previous Story

Erdogan calls for stronger trade ties among Islamic countries

Next Story

Tough road ahead for Pakistan’s new Army Chief

Latest from -Top News

Beijing Targets Hong Kong Democracy

Latest annual UN report highlighted the growing and sophisticated trend of cross-border repression targeting human rights activists…reports Asian Lite News The United Nations, in its latest report on reprisals, revealed that two

Clearing A Mess in Gaza

Municipalities across Gaza have mobilized their limited resources to clear streets and set up temporary shelters for thousands of displaced families…reports Asian Lite News The conflict has left behind an estimated 55

Gaza, Malaysia to help Gaza Rebuild

Egyptian, Malaysian leaders discuss Gaza aid, reconstruction amid ceasefire…reports Asian Lite News Egyptian President Abdel Fattah al-Sisi and Malaysian Prime Minister Anwar Ibrahim spoke by phone about efforts to support Gaza’s reconstruction,

Netanyahu to Run Again in 2026

When asked whether he expects to win, Netanyahu said, “Yes.”…reports Asian Lite News Israeli Prime Minister Benjamin Netanyahu has confirmed his bid for re-election in the 2026 parliamentary polls. He made the

Lula Calls for Independent Latin America

The remarks came as Brazil and the United States began thawing relations following the tariffs of up to 50 per cent …reports Asian Lite News Brazilian President Luiz Inacio Lula da Silva
Go toTop

Don't Miss

Japan’s Okinawa still opposes to US base relocation

The Okinawa Governor said the people of Okinawa reelected him

India, Japan to deepen their cooperation in third countries

The Foreign Secretary said the India-Japan relationship also has a