Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Japan approves massive military spending growth, lifts ban on lethal weapons exports By: FOXNews.com December 23, 2023 at 10:54 AM EST Japanese Prime Minister Fumio Kishida's cabinet approved this week a significant increase to its military spending and an end to its ban on exporting lethal weapons. The Japanese government approved a significant bump in military spending and an end to the country's ban on exporting lethal weapons.The Cabinet of Japan made the decision Friday to increase defense spending by 16% and overturn the export ban which has been in place since World War II."In taking the action, we hope to contribute to defend a free and open international order based on the rule of law and to achieve the peace and stability in the Indo-Pacific region," Prime Minister Fumio Kishida told the press following the announcement. WIFE OF NAVY OFFICER JAILED IN JAPAN CALLS ON BIDEN TO COMMUTE SENTENCE AS US SENDS HIM TO PRISON UPON RETURNKishida added, "There is no change to our principle as a pacifist nation."Japan's first export of lethal weapons was made immediately following the change, sending Patriot-guided missiles to the United States. The missiles were previously manufactured in Japan under a US license.SOUTH KOREA, JAPAN SCRAMBLE JETS AFTER CHINA, RUSSIA WARPLANES SPOTTED ENTERING SEOUL'S DEFENSE ZONEThe approval marks yet another step towards the full remilitarization of Japan, which was provided with a constitution renouncing its right to wage war by US occupying administrators following WWII."The scope, scale, and speed of Japan’s security reforms have been unprecedented," U.S. Ambassador Rahm Emanuel said on social media. Emanuel called the change in policy "a significant example of Japan’s shared commitment to deterrence."Japan's government, headed by the powerful Liberal Democratic Party, is aiming to increase the country's relevance on the geopolitical stage through a series of reforms to its demilitarized status.Territorial disputes with the People's Republic of China and demonstrations of aggression from neighboring North Korea have pushed Japan towards securing more formidable military capabilities. Related Stocks: Fancamp Exploration Ltd Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Japan approves massive military spending growth, lifts ban on lethal weapons exports By: FOXNews.com December 23, 2023 at 10:54 AM EST Japanese Prime Minister Fumio Kishida's cabinet approved this week a significant increase to its military spending and an end to its ban on exporting lethal weapons. The Japanese government approved a significant bump in military spending and an end to the country's ban on exporting lethal weapons.The Cabinet of Japan made the decision Friday to increase defense spending by 16% and overturn the export ban which has been in place since World War II."In taking the action, we hope to contribute to defend a free and open international order based on the rule of law and to achieve the peace and stability in the Indo-Pacific region," Prime Minister Fumio Kishida told the press following the announcement. WIFE OF NAVY OFFICER JAILED IN JAPAN CALLS ON BIDEN TO COMMUTE SENTENCE AS US SENDS HIM TO PRISON UPON RETURNKishida added, "There is no change to our principle as a pacifist nation."Japan's first export of lethal weapons was made immediately following the change, sending Patriot-guided missiles to the United States. The missiles were previously manufactured in Japan under a US license.SOUTH KOREA, JAPAN SCRAMBLE JETS AFTER CHINA, RUSSIA WARPLANES SPOTTED ENTERING SEOUL'S DEFENSE ZONEThe approval marks yet another step towards the full remilitarization of Japan, which was provided with a constitution renouncing its right to wage war by US occupying administrators following WWII."The scope, scale, and speed of Japan’s security reforms have been unprecedented," U.S. Ambassador Rahm Emanuel said on social media. Emanuel called the change in policy "a significant example of Japan’s shared commitment to deterrence."Japan's government, headed by the powerful Liberal Democratic Party, is aiming to increase the country's relevance on the geopolitical stage through a series of reforms to its demilitarized status.Territorial disputes with the People's Republic of China and demonstrations of aggression from neighboring North Korea have pushed Japan towards securing more formidable military capabilities. Related Stocks: Fancamp Exploration Ltd