Stock Groups

Japan plans record $6.7 billion-plus defence spending in extra budget -Kyodo -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: Fumio Kishhida, Japanese Prime minister, speaks in a news conference that took place at Tokyo’s official residence of the prime minister on October 14, 2021. Eugene Hoshiko/Pool via REUTERS/File Photo

TOKYO (Reuters – Japan intends to spend at least 770billion yen ($6.74billion) on defense as part of a supplementary budget, Kyodo News reported. This is due to be presented alongside an economic stimulus plan.

This amount, which is the largest for defense in a supplement budget, would be dwarfed by the 430 billion Japanese yen allocated in fiscal 2019. It would also include expenditures for strengthening Japan’s defense capabilities around the southwest islands. Kyodo reported.

According to the Business Daily, Prime Minister Fumio Kishida is likely to announce Friday a 55.7 trillion yen record-breaking stimulus package to support the recovery from COVID-19.

($1 = 114.2700 yen)

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]