Under the defense strategy, Japan aims to eventually double its annual military spending to around 10 trillion yen ($63 billion), making it the world’s No. 3 military spender after the United ...

Japan's defense spending and related costs for fiscal 2025 are expected to total 9.9 trillion yen ($70 billion), equivalent ...

Japans Finance Minister Katsunobu Kato expressed deep concern over the global economic impact of U.S. President Donald Trumps ...

This comes as China is modernizing its military power rapidly ... guidelines in 2022, Japan's defense budget was limited to only 1 percent of GDP, or 5 trillion yen ($35 billion), by its ...

Japan's minister of economic revitalization Ryosei Akazawa arrives at Prime Minister Shigeru Ishiba's residence in Tokyo, Oct ...