Prime Minister Kishida has announced a policy to secure a total of approximately 43 trillion yen for defense spending over the next five years, in order to drastically strengthen Japan's defense capabilities.
Regarding the securing of financial resources, the government and ruling parties will decide the direction by the end of the year, but the focus will be on how far a concrete path can be shown.
Prime Minister Kishida held talks with Minister of Finance Suzuki and Minister of Defense Hamada on the night of the 5th, aiming at a drastic strengthening of defense capabilities. I showed a policy to secure the yen.
In addition to reforming expenditures, the government intends to use surplus funds and non-tax revenues that were not used during the fiscal year, as well as reviewing revenues, including tax increases, in an integrated manner. , After high-level discussions between the Liberal Democratic Party and Komeito, we would like to decide on a direction by the end of the year.
Regarding the financial resources for defense spending, some within the ruling party are of the opinion that, even if the government bonds are issued for the time being, it is necessary to clarify the policy, including future tax increases, by the end of this year. After that, there are also voices that we should proceed carefully over time.
For this reason, the focus will be on how concretely the government and ruling parties can show a path to securing stable financial resources by the end of the year.