Japan's Defense Budget Likely To Top 5 Trillion Yen Amid Territorial Disputes With China

Japan’s defense budget for the next fiscal year is likely to top 5 trillion yen ($40.8 billion) for the first time ever, according to media reports. The budget, which is expected to be finalized later this month, will provide the Shinzo Abe-led government a significant boost toward strengthening the role of its armed forces -- a sensitive issue for its neighbors China and South Korea because of the aggression they faced during World War II.

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