Japan is considering sharply increasing its defense spending to more than 40 trillion yen ($279 billion) over the next five years, government officials say.
The House of Representatives approves a new Japan-U.S. agreement on Tokyo s budget for hosting U.S. forces in Japan, paving the way for raising the amount for the next five years to 1.05 trillion yen ($8.90 billion).
The Cabinet of Japanese Prime Minister Fumio Kishida approves a defense budget of 5.40 trillion yen ($47 billion) for fiscal 2022, setting a record high for the eighth consecutive year, to advance the development of new technologies in the face of a militarily expanding China.
Posted : 2021-02-06 12:10
Updated : 2021-02-06 18:24
Jeong Eun-bo, South Korea s top negotiator in defense cost-sharing talks with the United States, holds video talks with his U.S. counterpart, Donna Welton, at the foreign ministry in Seoul on Feb. 5. Courtesy of Ministry of Foreign Affairs, Yonhap
The United States is committed to quickly reaching a defense cost-sharing agreement with South Korea that will be acceptable to both and help strengthen their alliance, an official from the U.S. Department of State said Friday.
The remarks came after Seoul officials said the sides agreed to seek an early conclusion to talks on Seoul s share of the cost in maintaining 28,500 U.S. troops on the Korean Peninsula in a meeting held Friday (KST).
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