The Japan government approved on December 21, 2020 a record defense budget for fiscal 2021 totaling ¥5.34 trillion ($51.7 billion), as it seeks to introduce new standoff missiles capable of attacking enemy vessels from outside their firing range amid growing threats from China. The draft budget is up 0.5% from fiscal 2020, including outlays linked to hosting the U.S.’ military[Read More...]
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