Japan cabinet approves largest defense budget

‘The Japanese cabinet has approved the largest ever annual defense budget for Japan, moving one step farther from the country’s post-World War II pacifist image.

The 5.05 trillion yen (USD 41.8 billion) in military spending for the next fiscal year beginning in April was approved by the Japanese cabinet on Thursday.

The huge defense budget now needs the approval of the parliament as part of Japan’s 96.7-trillion-yen (USD 800-billion) national budget plan.’

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