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Politics

Japan targets record defense spending in new 5-year plan

$240bn program shows readiness to increase US arms buying

A man stares at a model F-35 fighter jet. Japan wants to counter China and close its trade deficit with the U.S. by purchasing more advanced equipment like the F-35.   © Reuters

TOKYO -- Japan looks to expand its defense spending to a record 27 trillion yen ($240 billion) over five years through fiscal 2023 as it confronts both security challenges and trade tensions with the U.S.

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