9 thousand billion yen for defense spending…a record budget for the Japanese government
Acknowledged and the rise in Social Security costs, in light of the continued, which weighs on consumer spending.
The budget, amounting to 122,300 billion yen (about 781 billion dollars) for the fiscal year that begins on April 1, 2026, includes the allocation of about nine thousand billion yen to defense spending, at a time when Prime Minister Sanae Takaishi seeks to accelerate the modernization of the country’s military capabilities in light of the deterioration of relations with China.
Risks facing Japan
The Ministry of Defense indicated that: Japan is facing the most dangerous and complex security environment since the end of the war, stressing the need to radically strengthen its defense capabilities.
In recent years, Japan has gradually begun to move away from its strict peaceful stance, strengthened its defense capabilities, and doubled its military spending to reach 2% of the gross domestic product.
Tension between China and Japan
The approval of the budget comes in light of escalating tension between China and Japan, following statements by Takaishi in which she indicated the possibility of intervention. Japan militarily in the event of any attack on Taiwan.
Beijing considers the island part of its territory and does not rule out the use of force to annex it.
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