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defense spending
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Japan PM wants defense spending to double to 2% of GDP to counter China
Japanese Prime Minister Fumio Kishida instructed ministers to double defense spending to about 2% of gross domestic product in five years, the defense minister said on Monday, to counter China's growing assertiveness in the region.
Japan to forgo setting ceiling on next year's defense spending, Nikkei reports
Japan will forgo setting a ceiling on defense spending in next fiscal year's annual budget, the Nikkei newspaper reported on Saturday, highlighting Tokyo's interest in boosting defense at a time of tension with its powerful neighbor China.
