Japan Approves Record Defense Budget

The cabinet of Japan’s Prime Minister Shinzo Abe approved a record 5.05 trillion yen ($41.4 billion) defense budget for fiscal year 2016/2017 and slightly below the 5.09 trillion yen requested by Japan’s Ministry of Defense (MOD), The Japan Times reports. This marks the fourth consecutive rise in defense spending since Shinzo Abe assumed office in December 2012.

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