Weak yen upsets Japan’s historic defence plans as funding gulf with China widens

Crew members use binoculars on the bridge of the Japan Maritime Self-Defence Force's Hyuga-class helicopter destroyer "JS Ise", during a three-day maritime exercise between the US and Japan in the Philippine Sea, between Okinawa and Taiwan, on January 31, 2024.

Japan intends to spend 7.9 trillion yen (S$71.5 billion) on defence in fiscal 2024, a hike of 16.6 per cent from 2023.

PHOTO: AFP

Walter Sim

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TOKYO – The persistent weak yen is severely upsetting Japan’s historic defence spending plans, raising doubts over its ability to beef up security amid

perceived regional threats.

This is all the more stark when pitted against China, whose military spending is larger by an order of magnitude.

Weak yen upsets Japan’s historic defence plans as funding gulf with China widens

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