Japan's Cabinet approved on Friday a record 8.7-trillion-yen ($55-billion) defense budget for 2025 as the country accelerates building up its strike-back capability and starts deploying Tomahawks to fortify itself against growing threats from China,

Japan's government on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare, as the population ages, and defence to tackle regional threats.The 8.7 trillion yen approved Friday will help pay for measures to help attract recruits to Japan's Self-Defense Forces,

Japan’s cabinet approved a record ¥115.5 trillion ($732 billion) budget for the fiscal year starting April 2025, setting up the minority government of Prime Minister Shigeru Ishiba for a key test of its longevity in getting the proposal approved by parliament.

Japan's Cabinet has approved a budget for fiscal year 2025 totaling a record US$730 billion, including US$55 billion in defense spending. Despite the record spending, the government is optimistic of seeing significant reduction in new debt.

TOKYO--Japan’s government on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare, as the population ages and

The Japanese Cabinet has given its go-ahead to increase the country's defence budget to 8.7 trillion yen ($55 billion) in 2025. Japan currently seeks to shield itself from threats emerging from rivals like North Korea and China.

Japan’s Cabinet has approved the country’s largest-ever defense budget for the coming fiscal year — 8.7 trillion yen, or about $54.8 billion, a 9.7% increase from this year’s budget.