Can Japan afford Suga’s military spending promise to Biden?

Apr 19, 2021 | INVESTING

Japanese Prime Minister Yoshihide Suga agreed to upgrade Japan’s military capabilities during discussions with US President Joe Biden in Washington on Friday, although analysts point out that Tokyo has already committed itself to a number of “big ticket” military projects and may not be able to afford a bigger defence spending spree. Japan’s commitment was outlined in the joint statement issued after the two leaders’ meeting in the United States and was designed to demonstrate their shared…

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