ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

'Geopolitical powder keg' Asia jacks up global military spending

SIPRI report shows Japan and Singapore raised defense budgets over 7% in 2021

China and India were the main drivers for the growth in Asia's defense spending, SIPRI said. (Source photo by Reuters and Getty Images)

TOKYO -- Global military expenditure surpassed $2 trillion for the first time in 2021, led by a rise in spending in Asia, according to a report released Monday by the Stockholm International Peace Research Institute.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more