Japan Approves Record Military Spending

Japanese Prime Minister Shinzo Abe's government on Thursday approved an increase in defense spending to record levels to counter growing Chinese military power in the East China Sea and an escalating North Korean ballistic missile threat. Abe's cabinet on Thursday signed off on a 1.4 percent increase in spending to 5.13 trillion yen ($43.66 billion) for the year starting April 1.

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