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LDP's Abe Calls For Boost To Defence Spending, Defence Government Bonds Issuance

JAPAN
Political RiskPolitical Risk BulletBulletMarketsFixed IncomeForeign ExchangeBank of Japan (BOJ) Market News

Pressure is mounting within the ruling Liberal Democratic Party to increase defence spending following Russia's invasion of Ukraine, Mainichi reports.

  • The article suggests that former Prime Minister Shinzo Abe proposed issuing "defense government bonds" to cover the cost of larger defence expenditures.
  • Abe remains a highly influential figure within the LDP and is head of Seiwa Policy Study Group, the largest faction in the party.
  • At an April 14 faction meeting Abe called for doubling Japan's defence budget to 2% of its GDP.
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Pressure is mounting within the ruling Liberal Democratic Party to increase defence spending following Russia's invasion of Ukraine, Mainichi reports.

  • The article suggests that former Prime Minister Shinzo Abe proposed issuing "defense government bonds" to cover the cost of larger defence expenditures.
  • Abe remains a highly influential figure within the LDP and is head of Seiwa Policy Study Group, the largest faction in the party.
  • At an April 14 faction meeting Abe called for doubling Japan's defence budget to 2% of its GDP.