New Bank of Japan Governor Kazuo Ueda said he will stick for the time being to the ultra-loose monetary policy pushed by his predecessor over the past decade.
Deliberations began in the Diet on April 6 on legislation to establish a new fund that would help pay for a massive defense buildup over the next five years.
Japan’s planned defense spending surge is already leading to unrealistic projects that could be detrimental to the protection of the nation, a retired vice admiral of the Maritime Self-Defense Force said.