Japan means business.
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TOKYO: Japan's Cabinet approved the country's largest ever defence budget on Wednesday, including plans to buy surveillance aircraft, drones and F-35 fighter jets to help counter China's rising assertiveness in the region.
Prime Minister Shinzo Abe's Cabinet endorsed a nearly 5 trillion yen ($42 billion) defence budget for the year beginning in April as part of a record 96.3 trillion yen ($814 billion) total budget.
The budget must still be approved by parliament, but Abe's coalition holds majorities in both houses.
The 2 percent rise in defence spending is the third annual increase under Abe, who took office in December 2012 and ended 11 straight years of defence budget cuts.
Japan approves biggest-ever defence budget with eye on China - The Times of India
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TOKYO: Japan's Cabinet approved the country's largest ever defence budget on Wednesday, including plans to buy surveillance aircraft, drones and F-35 fighter jets to help counter China's rising assertiveness in the region.
Prime Minister Shinzo Abe's Cabinet endorsed a nearly 5 trillion yen ($42 billion) defence budget for the year beginning in April as part of a record 96.3 trillion yen ($814 billion) total budget.
The budget must still be approved by parliament, but Abe's coalition holds majorities in both houses.
The 2 percent rise in defence spending is the third annual increase under Abe, who took office in December 2012 and ended 11 straight years of defence budget cuts.
Japan approves biggest-ever defence budget with eye on China - The Times of India