Japan defense spending plan takes 30% hit from weak yen

Loss of purchasing power may force changes to procurement levels

20240617N Japan sub

Japan's new Taigei class "great whale" submarine. (Photo by Konosuke Urata)

RIEKO MIKI, Nikkei staff writer

TOKYO -- Japan's five-year, 43 trillion yen defense buildup risks being undermined by a weak yen that has cut roughly 30% off the dollar value of this spending in the past 18 months.

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