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Japan to increase defense spending to 2% of GDP by 2027 under new security strategy

Finance Materials 16 December 2022 15:13
Moscow, Russia TASS
Japan to increase defense spending to 2% of GDP by 2027 under new security strategy

Japan intends to increase defense spending to a level of 2% of GDP by 2027, thus following the example of the NATO countries, as follows from the newly adopted national security strategy.

"A sharp increase in defense capability cannot be achieved by means of a temporary increase in spending, but requires maintaining a certain level of appropriations. Japan will take the necessary measures so that in the fiscal year 2027 the budget level for both radical strengthening of defense capability and for additional measures will reach 2% of the current gross domestic product," the strategy says.

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