Japan hikes Defence spending in Budget

On December 21, Japan approved a new budget and one of the major highlights of this budget is the increase in defence expenditure. For the seventh year running,the defence expenditure has been increased,  this time of 5.3 trillion yen, up 0.5 percent from fiscal 2020. 

According to Reuters, Japan will spend $323 million to begin development of a long-range anti-ship missile to defend its southwestern Okinawan island chain. 

Other big purchases include $628 million for six Lockheed F-35 stealth fighters, including two short-takeoff and vertical-landing (STOVL) B variants that will operate off a converted helicopter carrier. 

Security experts have attributed this rise to increasing Chinese aggression. 

Photo Credit : https://en.wikipedia.org/wiki/Flag_of_Japan#/media/File:Flag_of_Japan.svg