Sunday, April 20, 2014   

Tokyo beefs up defense spending to US$240b
(12-17 10:13)

Japan said it intends to boost military spending by 5 percent over the next five years, with a hardware splurge intended to beef up defense of far-flung territories amid a corrosive dispute with China.
The cabinet of hawkish Prime Minister Shinzo Abe agreed 24.7 trillion yen (US$240 billion) would be spent between 2014 and 2019, including on drones, submarines, fighter jets and amphibious vehicles, in a strategic shift towards the south and west.-AFP

   
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