Japan considers raising defense spending to 3.5% of GDP over 10 years
The Japan Times reports that a member of a panel advising the prime minister expects the increase to be spread over many years and says it shouldn’t cause significant market anxiety in any single year.
TLDR
The Japan Times reports Japan is considering a new target to raise defense spending to 3.5% of GDP over 10 years. A member of a panel advising the prime minister said the increase would likely be spread over many years and shouldn’t become a source of significant market anxiety in any single year.
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