Japan eyes 40t-43t yen for 5-year defence spending plan: Sources ...Middle East

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Japan eyes 40t-43t yen for 5-year defence spending plan: Sources
TOKYO: Japan is set to earmark 40 trillion to 43 trillion yen ($295 billion-$318 billion) for defence spending over five years starting in the next fiscal year, which begins in April, three sources with knowledge of the matter told Reuters on Friday.That would be a jump from the current five-year defence plan for spending 27.5 trillion yen, stoking worry about worsening one of the industrial world's worst debt burdens, which amounts to twice the size of Japan's annual economic output.The new numbers marked a compromise between the defence and finance ministries, the three sources said. Until recently, the defence ministry had sought 48 trillion yen, while the finance ministry had multiple op

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