Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Japan Proposes Biggest Military Build Up Since World War II Amidst Russia/Ukraine War and Tensions Between Taiwan and China

by December 17, 2022
December 17, 2022
Japan Proposes Biggest Military Build Up Since World War II Amidst Russia/Ukraine War and Tensions Between Taiwan and China

On Friday, Japanese Prime Minister Fumio Kishida proposed a $312 billion plan to build up the Japanese military over the next five years.  This would represent the largest buildup since World War II.   Japan will rely on tax hikes rather than bonds to fund this spending.

 

This spending increase is due in part to the war in Ukraine with Russia, as well as growing hostilities between China and Taiwan, and North Korea with a nuclear weapons program underway.

The defense budget increase would put Japan in line with the 2% that is agreed to be budgeted for defense by NATO nations, even though Japan is not one of them.  Japan did however, for the first time in history, join NATO nations at a Summit held in Spain last June.

President Trump is mainly responsible for the NATO “2 percenters club” growth from four nations in 2016 to nine in 2019 and an expected 18 by 2024.  This “club” refers to NATO nations who contribute 2% of their GDP to the defense budget of the alliance.

From The Mainichi:

TOKYO (Kyodo) — Japan’s pledge to boost defense spending to 43 trillion yen ($312 billion) over the next five years has become a high-stakes gambit for Prime Minister Fumio Kishida, who has decided to push through tax increases to fund it.

Experts see his preference for tax increases rather than bond issuance as reasonable given the country’s fiscal health, the worst among developed nations, and beefing up defenses benefits Japan’s people.

 

This is yet another signal that relations between Taiwan and China may be deteriorating as neighboring nations begin to ramp up military spending.

The post Japan Proposes Biggest Military Build Up Since World War II Amidst Russia/Ukraine War and Tensions Between Taiwan and China appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
BREAKING EXCLUSIVE: The 2021 Maricopa Audit Was a Crime Scene After 3 Days When Every Seal on Every Box Was Found Broken Before Review (Part II)
next post
What Will the White House Do to Keep Protecting Hunter? National Archives Set to Release Obama-Era Documents Including Those Related to Hunter & Burisma In February, 2023

You may also like

SEE IT: John Fetterman landed brief, non-speaking part...

January 11, 2023

Republicans slam Harris for being ‘last person in...

August 26, 2024

Tulsi Gabbard advances out of Intel Committee in...

February 4, 2025

Over quarter of a million migrant encounters in...

January 21, 2023

Christie insists antisemitism in US not a ‘rise’...

November 20, 2023

Comer, Jordan subpoena former White House counsel for...

November 14, 2023

Biden’s Twitter account fact-checked for dubious claim about...

March 20, 2023

Trump, Haley, DeSantis? Here’s everyone running, rumored, or...

May 25, 2023

Democratic Katie Hobbs sworn in as AZ’s 24th...

January 4, 2023

Mayor Adams Calls Migrant Bussed in NYC a...

September 18, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved