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Politics

Japan's 5-year defense budget to hit record $264bn

Tokyo to beef up mid-term plan through 2027 with eye on China, Indo-Pacific

Tokyo is planning to increase military spending as it strengthens ties with U.S. and keeps an eye on China's expansionary ways.   © AFP/Jiji

TOKYO -- The Japanese government is planning to set aside its biggest five-year defense budget from fiscal year 2023 to top 30 trillion yen ($264 billion) for the first time, Nikkei has learned.

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