Japan Undecided on Defense Budget Funding
Japan has not yet decided on specific funding methods for a potential defense spending increase. Finance Minister Satsuki Katayama noted that the government is still assessing required capabilities and spending levels.
Insights:
Japan has not decided on specific funding mechanisms for a potential defense budget increase, Finance Minister Satsuki Katayama said on Tuesday morning. The denial follows reports that Tokyo is weighing a corporate tax hike to support expanding military outlays. Defense spending is projected to exceed 10 trillion yen ($63.08 billion) annually over the next five years.
