Japan seeks record defence budget amid geopolitical tensions

Japan’s defence ministry has asked for a record level of spending on security next year (2023) in what would be an 11th consecutive increase. The ministry said it needs ¥5.6 trillion yen, or about US$40 billion — almost 4% higher than the current year’s allocation. It cited rising geopolitical tensions in the region, with Russia added to the list of security challenges, along with China and North Korea, as the main considerations. Japan aims to double its defence spending from 1% of its GDP to 2% to be in line with NATO member countries.

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