After years of internal debate, Japan is stepping up its defense capabilities.
The government s defense strategy has been revised by 50%, and funding for the new outlays is less certain, and that has put focus on the redemption period of Japanese government bonds JGBs. In December, Prime Minister Fumio Kishida has pledged to increase related spending by 50% to around 43 trillion $331.6 billion by the year beginning April 2027. Japan will be able to build counterstrike capabilities, allowing the targeting of enemy bases and bolstering the domestic defense industry.
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