TOKYO -- Japan will need to spend 48 trillion yen ($324 billion) on defense over the next five years if it wants to realize its strong security goals, according to estimates from the Defense Ministry.
Politics
Japan needs $324bn over 5 years to bolster defenses: ministry
Figure nearly double current budget; will pay for counterstrike capability, ammunition
Japan's Self-Defense Forces hold a live-fire exercise. The ruling party has called for defense spending to be in line with NATO members. © Reuters
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