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Japan is approaching record-breaking military expenditures in the next budget

Japan is approaching record-breaking military expenditures in the next budget.

Japan will announce an unprecedented annual military expenditure of 5.37 trillion yen ($47.05 billion) in the fiscal year. 

It begins in April, as per an official copy of the budget plan reviewed through Reuters today.

The fiscal year 2022 plan is likely for approval by cabinet members on Friday.

 

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