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Japan to earmark 27 trillion yen for defense spending from FY2019 to 2023

  • December 11, 2018
  • , Yomiuri, Nikkei, Sankei
  • JMH Summary

Nikkei, Yomiuri, and Sankei reported that the Abe administration has decided to allocate a total of some 27 trillion yen for defense in the five-year period through FY2023, the largest amount ever. According to Nikkei, when updating later this month the Mid-Term Defense Program for the next five years starting with FY2019, the GOJ is expected to specify for the first time the amount of money to be spent on defense equipment in a bid to mitigate the Trump administration’s pressure to rectify the bilateral trade imbalance. The amount will reportedly be set at about 17 trillion yen.

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