Japan's annual economic policy guidelines referenced goals announced by NATO and two U.S. allies and pledged to transform the country’s defense capabilities within five years.
The guidelines offered a hint of a new defense spending target.
The document referenced goals announced by NATO and two U.S. allies.
It pledged to transform the country’s defense capabilities within five years.
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Japan has revised its long-standing rules on lethal arms exports, prompting Chinese warnings of resurgent militarism amid heightened bilateral tensions.
Prime Minister Sanae Takaichi's cabinet approved its first economic and fiscal policy guidelines on Tuesday, emphasizing aggressive fiscal spending. The plan treats the next fiscal year as the first year of responsible and proactive spending and targets 370 trillion yen in combined investment by fiscal 2040.
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Japan has introduced a multiyear framework to support budget reforms. The mechanism is expected to begin next fiscal year.
Defense Minister Shinjiro Koizumi is advocating for an international bureau at the Defense Ministry. He cited the ministry's expanding defense ties with like-minded nations as the main reason.