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A collapse in the yen is forcing Japan to scale back a historic five-year, 43.5-trillion-yen defense build-up aimed at helping to deter a Chinese invasion of Taiwan, according to eight people familiar with the matter. Since the plan was unveiled in December, the yen has lost 10% of its value… ....
A collapse in the yen is forcing Japan to scale back a historic five-year, 43.5-trillion-yen defence build-up aimed at helping to deter a Chinese invasion of Taiwan, according to eight people familiar with the matter. Since the plan was unveiled in December, the yen has lost 10% of its value against the dollar, forcing Tokyo to reduce its ambitious defence procurement plan, which was then-calculated to cost $320 billion, the sources said. Reuters interviewed three government officials with direct knowledge of defence procurement and five industry sources, who said Japan will begin cutting back on aircraft purchases in 2024, the second year of the build-up, due to the weak yen. ....
A collapse in the yen is forcing Japan to scale back a historic five-year, 43.5-trillion-yen defence build-up aimed at helping to deter a Chinese invasion of Taiwan, according to eight people. ....
Share Lockheed Martin’s Joint Air-to-Surface Standoff Missile has quickly secured export sales since it was first fielded a decade ago. The weapon has also evolved into the Long-Range Anti-Ship Missile for the U.S. Navy and Air Force. Credit: AviaKinetic/TurboSquid Thirty years ago, news cameras shot shaky imagery of long tubular missiles flying across the Baghdad skyline. They were a mix of Raytheon Tomahawks launched from U.S. Navy warships in the Arabian Sea and Boeing AGM-86 Air Launched Cruise Missiles, released from Boeing B-52s in the final moments of their flights, closing in on targets in the city center with a precision never seen in previous conflicts. ....