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Sunday, January 06, 2013

Japan likely to increase defense spending due to isles row

F-15 Eagle |Japan's government is likely to increase defense spending for the first time in 11 years, Japanese media reported on Saturday, as newly elected Prime Minister Shinzo Abe pledges a sterner response to a territorial dispute with China.

The government is considering increasing defense spending by around 2 percent to more than 4.7 trillion yen ($53.4 billion) in the fiscal year starting in April, the Mainichi newspaper reported. It gave no source for its information.

The extra spending would be used to increase personnel in the ground self-defense forces and upgrade equipment for land, air and maritime forces, the Asahi newspaper also reported on Saturday. It also did not cite any sources.

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