January 08, 2025 11:08 am (IST)

Make this your homepage

Foreign

Elon Musk raises concern on 'world population decline' including that of India, China | Indian-origin Anita Ananda might replace Justin Trudeau as Canadian PM | 'I won't bite': Kamala Harris tells Senator's husband as he refuses to shake hands with her | Centre announces memorial for Pranab Mukherjee, his daughter thanks PM Modi for 'gracious gesture' | Delhi assembly elections on Feb 5, results on Feb 8 | Allu Arjun visits boy injured during Pushpa 2 stampede in Hyderabad | Donald Trump repeats his US-Canada merger offer after Justin Trudeau's resignation | India's HMPV cases surge to 7 after two cases reported from Nagpur | H-1B visa renewal will get simpler in 2025, Indians to benefit most as home country travel won't be required | As India detects 3 HMPV cases, #lockdown trends; Centre says no need to panic

Japan sanctions record $42 billion military budget to counter China

India Blooms News Service | | Jan 14, 2015, at 07:57 pm

#China # Japan

Tokyo, Jan 14 (IBNS): Japanese Prime Minister Shinzo Abeâ€™s government approved a record $42 billion military budget on Wednesday, media reports said.

Sources said the draft budget for the fiscal year from April includes a 2.8 percent rise in defence spending to 4.98 trillion yen for items like planes, naval vessels and fighting vehicles to guard waters bordering China.

The move was taken over a long-running dispute with Tokyo over Japanese-held islands in the East China Sea and to counter China’s rising military might.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.