More
    HomeAsian politicsJapan's $400bn defense push stalls on weak yen and capacity constraints

    Japan’s $400bn defense push stalls on weak yen and capacity constraints

    Published on

    AKASHI, Japan — As Japan heads to the polls in a national election this Sunday, the unpopularity of the incumbent government led by newly installed Prime Minister Shigeru Ishiba has left rare clouds of uncertainty looming over the vote’s outcome in a country where one party has been the dominant ruling force for 65 of the last 69 years.

    One certainty persists, however. Whatever the outline of the administration that takes shape after the ballot, Japan’s next government faces an almighty headache on defense policy: It must deal with an ambitious but stalled plan, worth nearly $400 billion when it was launched, to ramp up defense spending significantly at a time of security tensions against a backdrop of war in Ukraine, China’s increasingly aggressive military posture in Asia and growing doubts over North Korea’s next steps.

    Source link

    Latest articles

    Tiptoeing Towards Regional Coproductions, Asian Governments Take Funding, Reform Steps

    Governments and agencies across Asia are taking steps to expand and extend the cross-border...

    Why Chinese-American scientists in US are hopeful next Trump era will be better than last

    Some Chinese-born scientists and engineers in the United States are hopeful the second Trump...

    Trump’s return: Impact on South Asia and the Middle East – World News

    Donald Trump’s return to the US presidency in 2024 is set to reshape foreign...

    GIFT Nifty Points to a Weak Opening; Asian Markets Show Gains

    Global Markets React to Trump Victory, Boosted by Pro-Trade Hopes; Indian Markets RallyFollowing Donald...

    More like this

    Trump’s return: Impact on South Asia and the Middle East – World News

    Donald Trump’s return to the US presidency in 2024 is set to reshape foreign...

    Anti-immigrant politics is fueling hate toward South Asian people in Canada

    The Canadian government recently announced that it is making significant...

    Beijing says it has consistent US policy, as Asian nations react to Trump’s win

    BEIJING – China said it has a consistent policy towards the United States, as...