Japanese Prime Minister Fumio Kishida's government on Friday approved record defence spending, with a 10th straight annual increase in 2022, against a backdrop of China's rapid military expansion and North Korea's nuclear and missile programmes.
TOKYO - Japanese Prime Minister Fumio Kishida's government on Friday approved record defence spending, with a 10th straight annual increase in 2022, against a backdrop of China's rapid military expansion and North Korea's nuclear and missile programmes.
The higher spending plan follows a meeting in April between U.S. President Joe Biden and Japan's then-premier Yoshihide Suga, in which Suga pledged to strengthen his country's defence capability in light of a more challenging regional security environment. Shinzo Abe, Japan's prime minister before Suga who remains an influential figure in the ruling Liberal Democratic Party, said this month that any emergency over Taiwan would mean an emergency for Japan, as well as for its security alliance with the United States.
The defence ministry is also setting aside 86 billion yen in next year's budget to develop its first new domestic jet fighter in three decades. The project, expected to be completed in the 2030s, is being led by Mitsubishi Heavy Industries Ltd.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
China to halve settlement fees for stock index futures and bond futures trading in 2022China's financial futures exchange said on Friday it will halve settlement fees for stock index futures and bond futures trading in 2022.
Weiterlesen »
30 drinks to toast to 2022 on New Year's EveYou'll be happily sipping the night away, whether you want something bright and bubbly or cozy and creamy.
Weiterlesen »
The 26 Most Anticipated Hotel Openings of 2022From an eco-friendly resort in Costa Rica to a five-star masterpiece in the South of France, here are the most anticipated hotel openings of 2022.
Weiterlesen »
Tech investor Dan Niles gives his top 2022 picks and what he's betting againstTech investor Dan Niles has low expectations for U.S. stocks overall next year, so he shared the ideas he's betting on — and against.
Weiterlesen »
Home prices will continue to climb on low inventory in 2022CNBC’s Diana Olick joins ‘Squawk Box’ to break down 2021′s banner year for the real-estate market, and what renters and home buyers can expect in 2022.
Weiterlesen »