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Indo-Pacific

'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)
KEN MORIYASU, Nikkei Asia diplomatic correspondent | Japan

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.

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