Sign In
Learn bits
World Affairs, I.R.
Mahesh

20/12/22 12:40 PM IST

Japan unveils historic $320 billion military build-up since World War II

In News
  • Japan recently unveiled its biggest military build-up since World War Two with a $320 billion plan that will buy missiles capable of striking China.
About the plan
  • The five-year plan, which is to be implemented with a total budget of 320 billion USD, will make Japan the third-largest military spender in the world after the United States and China.
  • The catalyst for this decision may probably be Russia’s invasion of Ukraine and Beijing’s growing belligerence, which indicates the possibility of China capturing Taiwan in the future.
  • There is also the threat of China’s claim over the uninhabited Senkaku Islands and the possibility of the Chinese takeover of those islands.
  • Kishida's plan will double defence outlays to about 2% of gross domestic product over five years, blowing past a self-imposed 1% spending limit that has been in place since 1976.
  • It will increase the defence ministry's budget to around a tenth of all public spending at current levels.
Significance
  • Article 9 states that “the Japanese people forever renounce war as a sovereign right of the nation and the threat or use of force as means of settling international disputes.
  • A 2012 report by the International Institute for Strategic Studies found that Japan has the sixth-best funded defence forces in the world.
  • As part of its overall security strategy, Japan is planning to boost its long-range strike capability with both imported and indigenous long-range weapons.
  • This indicates that Japan is planning to maintain close ties with the United States and other like-minded countries, especially those in the Indo-Pacific.
Source- Live Mint

More Related Current Affairs View All

02 Dec

India’s cities, their non-communicable disease burden

'The recent case where a Bengaluru Metropolitan Transport Corporation (BMTC) bus driver passed away after cardiac arrest while on duty, has set off discussions on rising poor healt

Read More

30 Nov

Odisha govt will bring in law to prevent cheating in recruitment exams

'The Odisha government has decided to enact a new law with stringent penal provisions to check cheating and other discrepancies in public examinations conducted by various recruitm

Read More

29 Nov

INDIAN ARMY LAUNCHES ‘EKLAVYA’ ONLINE DIGITAL PLATFORM FOR OFFICERS’ TRAINING

' Chief of the Army Staff (COAS) General Upendra Dwivedi  launched an online learning platform for the Indian Army nicknamed as "Eklavya".' This initiative aligns with the

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps