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Japanese Defense Ministry Requests 2.4% Budget Hike – SOFX
Japan’s Ministry of Defense has requested a budget increase of 2.4 percent in 2015 for a total budget of ¥4.9 trillion ($47.25 billion), returning the budget to its 1990s peak levels and solidifying a reversal from a decade of declines during the 2000s. Citing the need to counter growing instability in East Asia, the MoD ...