Japan earmarks record military spending in draft FY2022/23 budget

Japan will earmark a record annual military outlay of 5.37 trillion yen ($47.05 billion) in the new fiscal year starting in April, according to a copy of the government's initial budget draft reviewed by Reuters on Thursday.

The fiscal year 2022 budget plan is expected to be approved by the cabinet on Friday. ($1 = 114.1400 yen)

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