Japan’s new annual defense budget hits a record high of about 5.5 trillion yen – International – Free Times Newsletter

According to the Ministry of Defense of Japan, in the budget estimate for 2023, the defense expenditure (defense expenditure) is about 5.5 trillion yen (about NT$1.3 trillion) to a new high. (AFP)

2022/08/05 23:53

[Central News Agency]Japan’s Ministry of Defense (Ministry of Defense) said at a meeting of the ruling Liberal Democratic Party yesterday that the budget estimate for 2023 will cost about 5.5 trillion yen (about NT$1.3 trillion). A record high, accounting for about 1% of gross domestic product (GDP).

Japan’s Mainichi Shimbun reported that Japan’s initial defense spending in 2022 was 5,368.7 billion yen, a record high. After the revised budget (additional budget) in fiscal 2021, the total amount exceeds 6 trillion yen.

Please read on…

In view of the increasingly severe environmental security protection around Japan, there are opinions within the Liberal Democratic Party that the defense spending in 2023 should be set between 6.5 trillion yen and 7 trillion yen when the initial budget was prepared. The late former Prime Minister Shinzo Abe once called on the Japanese government to raise defense spending to 2 percent of GDP.

The Ministry of Defense said at the meeting that this year’s defense budget will initially include 5.5 trillion yen. Japanese Prime Minister Fumio Kishida’s proposal to “completely strengthen national defense capabilities within five years” will be responded to with “issue requests” if necessary.

It is expected that in the stage of making budget estimates, the “item requirements” will include the deployment of long-range missiles with attack capabilities, and the purchase cost of drones. The exact amount is yet to be negotiated and will be determined by the end of this year. At the end of this year, Japan will revise three national defense documents including the national security strategy.

No need to draw, no need to grab, now use the APP to watch the news to ensure that you will win the lottery every dayClick me to download APP 
Follow me to see how the event works

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.