Japan approved a record 7.95 trillion yen or $55.9 billion defense budget for Fiscal Year 2024, which begins on April 1 next year. This is a 16.5 percent increase from FY2023’s budget of 6.8 trillion yen or $47.7 billon. The plan is to increase until it reaches 8.9 trillion yen or $62.5 billion in FY2027. …
