Japan approved Friday a record defence budget worth $56 billion for the next fiscal year, as tensions rise with China and North Korea. The defence budget announced Friday includes 370 billion yen to build two new warships rigged with the US-developed Aegis missile defence system. (AP/File) The 7.95 trillion yen ($56 billion) draft budget for the 2024-25 fiscal year was approved by the cabinet, in line with Prime Minister Fumio Kishida’s pledge to raise defence spending over the next few years. Stay tuned with breaking news on HT Channel on Facebook. Join Now Japan has a pacifist post-war constitution, which limits its military capacity to ostensibly defensive measures. But it update
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