Japan: The country plans to add a sum of $6.75 billion to its already alarming annual military spending in order to strengthen its defenses as it becomes more concerned about threats posed by China and North Korea.
Fumio Kishida, Prime Minister of Japan, confirmed the outlay as part of a supplementary budget. While such additions to defense spending are common, the 774 billion yen that lawmakers will be asked to approve is the largest amount ever, according to Japan’s Ministry of Defense.
According to the defense minister, As the security environment around Japan is becoming worse at unprecedented speed, their urgent task is to accelerate the implementation of various projects.
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