Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Japan warns of rising security threats in annual defense report

by
July 22, 2022
in Investing News
0
Japan warns of rising security threats in annual defense report
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter
Japan’s annual defense white paper describes Moscow’s attack on Ukraine as a “serious violation of international law.” Image via REUTERS

TOKYO — Japan warned on Friday of escalating national security threats, including repercussions from Russia’s war with Ukraine, Chinese intimidation of Taiwan, and vulnerable technology supply chains, in its annual defense white paper.

The report sets out the government’s security concerns as it prepares the defense ministry budget request due next month, aiming to build public support for an unprecedented hike in military funding that the ruling party aims to double over the next decade or so.

It also sets the stage for a year-end national security review expected to call for the acquisition of longer-range strike missiles, strengthened space and cyber capabilities, and tighter controls over access to technology.

“The political, economic and military rivalries between nations is clear, and the challenge posed to the international order is a global issue,” the white paper said.

It describes Moscow’s attack on Ukraine as a “serious violation of international law” and raises concerns that Russia’s use of force to resolve a dispute established a precedent that threatens the security of neighboring Taiwan, which Beijing views as its own territory.

Chinese military planes are increasingly probing Taiwan’s air defenses, with fighter jets this month crossing the Taiwan Strait’s median line, the unofficial buffer between China and Taiwan. Taipei criticized that maneuver as a “provocation.”

Beijing says it has sovereign rights and jurisdiction over the waterway.

The defense white paper approved by Prime Minister Fumio Kishida’s government identifies China, Russia, and North Korea as its main security concerns. Mr. Kishida’s defense minister, Nobuo Kishi, last month had described Japan as being on a front line surrounded by nuclear-armed actors.

Most Japanese appear to share government concerns over Japan’s deteriorating security environment, with recent opinion polls putting support for higher defense spending at more than 50%.

Mr. Kishida’s ruling Liberal Democratic Party, which has pledged to double military spending to 2% of GDP, gained seats in national elections for upper house lawmakers this month.

A 2% target would bring Tokyo in line with a minimum commitment set by North Atlantic Treaty Organization (NATO) members, and given the size of its economy, would make the pacifist nation the world’s No.3 in total defense spending after the United States and China.

The white paper cited comparative OECD estimates of defense spending for Japan and eight other countries, showing Japan at 0.95% of GDP, the United States at 3.12%, South Korea at 2.57%, nearby China at 1.2%, and neighboring Russia at 2.73%.

Japan’s spending as a percentage of GDP is lower than all other Group of Seven nations, as well as Australia and South Korea, it said.

“Spending per capita in South Korea, Britain, France, and Germany is two to three times as much,” the document said. — Tim Kelly/Reuters

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
British Business Investments commits €50m to Wilshire through its Managed Funds Programme

British Business Investments commits €50m to Wilshire through its Managed Funds Programme

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Marcos visits quake-hit area as residents shelter outside

Marcos visits quake-hit area as residents shelter outside

July 29, 2022
The right answers come to those who ask the right questions

The right answers come to those who ask the right questions

June 27, 2022
Insolvencies surge to highest rates since financial crash as voluntary bankruptcies hit record levels

Insolvencies surge to highest rates since financial crash as voluntary bankruptcies hit record levels

August 2, 2022
5 Reasons Content Creation Is A Job Of The Future by Talkytimes

5 Reasons Content Creation Is A Job Of The Future by Talkytimes

June 8, 2022
Cybercriminals target fans of shows on big streaming sites

Cybercriminals target fans of shows on big streaming sites

July 27, 2022
How Jay Jasper Helps Individuals Reach Their Career Goals

How Jay Jasper Helps Individuals Reach Their Career Goals

June 1, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.