Japan is considering a new mid-term defense spending target of 3.5% of GDP, aligning with NATO standards and other US allies, following pressure from the United States. Japanese defense officials have signaled willingness to sharply increase military expenditure in talks with US counterparts.
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Japan is considering a new mid-term defense spending target of 3.5% of GDP in line with NATO and other US allies, a move that could send a shockwave through financial markets concerned about Prime Minister Sanae Takaichi’s spending plans.
Japanese defense officials have already signaled a willingness to sharply increase defense spending in meetings with their U.S. counterparts.