Japan’s cabinet approved a new $55.13 billion defense budget on Friday, marking the 13th consecutive year that Tokyo has increased defensing spending. The approval of the draft Fiscal Year 2025 budget of 8.

The Japanese Cabinet has approved a record 8.7 trillion yen ($55 billion) defense budget plan for 2025 as Japan accelerates building up its strike-back capability with long-range cruise missiles and starts deploying Tomahawks to further fortify the country against growing threat from China,

TOKYO -- Japan's cabinet approved a record 8.7 trillion yen ($55.1 billion) defense budget proposal for fiscal 2025 on Friday, with the incoming Trump administration in the U.S. seen increasing pressure for a further boost in spending.