Japan to seek record defense budget under Suga's continuity policy

The Defense Ministry will seek another record budget of over 5.4 trillion yen ($51.8 billion) for fiscal 2021, government sources said Monday, as Prime Minister Yoshihide Suga vowed to continue with his predecessor’s policy of bolstering Japan’s capabilities in new domains.The seventh consecutive year of all-time high requests compares with 5.31 trillion yen sought in the ministry’s initial budget for the year ending in March. The plan comes amid growing concerns about the country’s fiscal health, the worst among major economies, with over 1,100 trillion yen worth of public debt.As Japan’s fir…

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