Defense Buildup Program (DBP)

Japan Approves 16.5% Increase in Defense Spending for FY2024

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Japan Approves 16.5% Increase in Defense Spending for FY2024

Japan is striving to expedite its drastic defense buildup to deal with rising military threats posed by China, North Korea, and Russia. On December 22, the cabinet of Japanese Prime Minister Kishida Fumio approved 7.95 trillion yen ($55.9 billion) in defense spending for fiscal year 2024, starting in April, amid what Tokyo calls “the most … Read more

Japan’s Growing Drone Budget

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Japan’s Growing Drone Budget

Advertisement On December 16, 2022, the government of Prime Minister Kishida Fumio of Japan released a trio of documents outlining an ambitious plan for investing in its defense and security capabilities. The announcement was followed in February by the National Diet’s approval of the Fiscal Year 2023 defense budget, which raised Japan’s defense spending by … Read more