The Economic Times

Japan warns defence contractors of potential cuts to military orders amid fiscal constraints: Report

Japan is facing potential deep cuts to its military spending as fiscal constraints limit future investments. Finance ministry officials propose allocating only 50 to 60 trillion yen for defence over five years. This proposal falls short of the desired 80 trillion yen advocated by some lawmakers and defense officials. The government's efforts to cut the sales tax on food could further hamper funding resources.