Philippines grapples with financial hurdle to buy U.S. F-16 fighters

Washington slow to shift monetary aid toward Asia despite China threat

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The Philippines is struggling to find ways to finance the purchase of 12 F-16 fighter jets from the U.S.  © Reuters

RYO NAKAMURA and RAMON ROYANDOYAN, Nikkei staff writer

TOKYO/MANILA -- Since the U.S. approved the potential sale of 12 F-16 fighter jets to the Philippines in 2021, Manila has been contending with the question of how to finance the costly purchase.

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