World
Japan Proposes Record ¥8.89 Trillion Defense Budget for Fiscal 2027
Japan's Defense Ministry has proposed a record ¥8.89 trillion (about $60 billion) budget for fiscal 2027, the highest ever, to strengthen deterrence amid regional tensions. The plan aims to lift defense spending to 2% of GDP by 2027, with investments in long-range weapons, missile defense, and modernization.