HOME > NATIONAL > Article

Text Size

small

medium

large


GDP Ratio of Defense Costs Not Priority: Japan's Hayashi

GDP Ratio of Defense Costs Not Priority: Japan's Hayashi

Chief Cabinet Secretary Yoshimasa Hayashi at a press conference in Tokyo on Wednesday
Chief Cabinet Secretary Yoshimasa Hayashi at a press conference in Tokyo on Wednesday

   Tokyo, March 5 (Jiji Press)--Raising the ratio of defense spending to gross domestic product is not a top priority in Japan's efforts to boost its defense expenditures, Chief Cabinet Secretary Yoshimasa Hayashi said Wednesday.
   "What's important is the substance of our defense capabilities," Hayashi told a news conference. "It's not that the amount and the GDP ratio are put before everything else."
   In a statement for a U.S. Senate committee hearing, Elbridge Colby, nominated by U.S. President Donald Trump for undersecretary of defense for policy, urged Japan on Tuesday to raise its defense spending to at least 3 pct of its GDP, higher than the Asian country's target of 2 pct for fiscal 2027.
   "Our country will constantly examine its measures to reinforce deterrence and response capabilities and will steadily strengthen its defense capabilities drastically," Hayashi also said.

To read a full story, please click here to find out how to subscribe.

NATIONAL

HEADLINES

POLITICS
Japan PM Ishiba Apologizes for Turmoil over High-Cost Medical Care System
ECONOMY
Japan Starts Tender for 1st Batch of Govt-Stockpiled Rice Totaling 150,000 Tons
SPORTS
Golf: Russel Henley Wins Arnold Palmer Invitational for 5th PGA Tour Victory
OTHER
Shogi: Sota Fujii Beats Takuya Nagase to Mark 4th-Straight Osho Title Series Win

AFP-JIJI PRESS NEWS JOURNAL


Photos