September 27, 2023

Tokyo submits record defense budget to counter threats from North Korea, China

$6.8 billion extra budget includes spending to enhance missile defense as Kishida warns of DPRK’s weapons development

Japan is poised to boost its defense spending by another $6.8 billion (770 billion yen) to combat threats from North Korea and China, expanding its defense budget to its highest-ever amount.

Prime Minister Fumio Kishida’s cabinet approved the increase on Friday, pushing the country’s annual defense spending to over $53.2 billion (6.1 trillion yen) for the first time and exceeding last year’s budget by over 15%.