Japan ruling party seeks big defense budget rise amid China threat japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.
May 25, 2021
A joint defense panel of the ruling Liberal Democratic Party on Monday approved a draft proposal for the government to “drastically” increase the country’s defense budget in the face of the increased security threat posed by China in the East and South China seas.
The move seeking a rise in the budget comes as neighboring countries including China are increasing their defense budgets and NATO has set a target for its members to spend at least 2% of gross domestic product on defense, according to the proposal.
Japan’s defense budget has long amounted to around 1% of the country’s GDP, according to the Stockholm International Peace Research Institute. Its defense spending in fiscal 2020 totaled ¥5.31 trillion ($48.8 billion), accounting for 0.9% of the country’s GDP.
Japan ruling party seeks drastic defense budget rise amid China threat By Reito Kaneko, KYODO NEWS - 5 hours ago - 22:43 | All, Japan
A joint defense panel of Japan s ruling Liberal Democratic Party approved a draft proposal Monday for the government to drastically increase the country s defense budget in the face of the increased security threat posed by China in the East and South China seas.
The move seeking a rise in the budget comes as neighboring countries including China are increasing their defense budgets and the North Atlantic Treaty Organization has set a target for its members to spend at least 2 percent of gross domestic product on defense, according to the proposal.
Myanmar military delegation heads to Moscow talks: reports 1 minute read
Bangkok, May 20 (EFE).- A Myanmar delegation led by its Air Force chief will on Thursday visit Moscow, one of the few allies of the military junta, to close projects, including weapons purchases, according to various sources.
The envoys, who also include tycoon Tay Za, will talk with their Russian counterparts about 20 megaprojects, including the acquisition of weapons and military equipment, The Irrawaddy reported, citing in-country business sources.
The Myanmar embassy in Moscow confirmed to the Moscow Times that the delegation, led by Air Force chief General Maung Maung Kyaw, will attend the HeliRussia fair, the country’s largest helicopter exhibition.