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Exclusive: Weak yen forces Japan to shrink historic military spending plan - Vimarsana News

Exclusive: Weak yen forces Japan to shrink historic military spending plan

A collapse in the yen is forcing Japan to scale back a historic five-year, 43.5-trillion-yen defence build-up aimed at helping to deter a Chinese invasion of Taiwan, according to eight people familiar with the matter. Since the plan was unveiled in December, the yen has lost 10% of its value against the dollar, forcing Tokyo to reduce its ambitious defence procurement plan, which was then-calculated to cost $320 billion, the sources said. Reuters interviewed three government officials with direct knowledge of defence procurement and five industry sources, who said Japan will begin cutting ba...

Source: yahoo.com
Weak yen forces Japan to shrink historic military spending plan - Vimarsana News

Weak yen forces Japan to shrink historic military spending plan

A collapse in the yen is forcing Japan to scale back a historic five-year, 43.5-trillion-yen defence build-up aimed at helping to deter a Chinese invasion of Taiwan, according to eight people...

Japan's Play for Today: Too Much? Just Right? Or Never Enough? - Vimarsana News

Japan's Play for Today: Too Much? Just Right? Or Never Enough?

The United States — and its allies — cannot continue in their security endeavors in the way they have heretofore. Business as usual will not lead to

Port Glasgow man's car ruined during spell of bad weather - Vimarsana News

Port Glasgow man's car ruined during spell of bad weather

A Port Glasgow man has told how he was left powerless as sewage from an overflowing drain inflicted thousands of pounds of damage on his recently…

Japan and South Korea torn between Chinese threats, American pressure and weight of colonial history - Vimarsana News

Japan and South Korea torn between Chinese threats, American pressure and weight of colonial history

NEWS ANALYSIS. South Korea and Japan signed a trilateral agreement with the United States, despite their painful past and their ambiguous relations with their powerful neighbor, China.

Source: lemonde.fr