TOKYO -- Japanese Prime Minister Fumio Kishida aims to bring in over 1 trillion yen ($7.3 billion) a year through tax hikes by fiscal 2027 to help fund a major increase in defense spending.
Politics
Japan's Kishida seeks $7bn in tax hikes for defense buildup
PM stresses avoiding burden on households, promises no increase next year
Japan's defense buildup will include missile development and munitions stockpiles. (Photo by Masato Kasahara)
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