According to reports, Japan's military spending amounted to 5.4 trillion yen in 2022, which is about 1.24% of GDP. The growth of the defense budget is connected with the government's decision to ensure an increase in defense spending to 2% of the country's gross domestic product by 2027, which is approximately 11 trillion yen per year.
The draft budget for 2023-2024 also provides for the allocation of about 3 trillion yen to ensure defense capability and weapons development in the future.
Now the draft budget will be sent to the Japanese Parliament for consideration.