BLUF

With public backing, Japan targets 2% GDP military spending by 2027: $433 billion over five years. (Australia $53 billion 23/24).

Summary

KEY POINTS:
  1. Japan emphasizes missiles for China targets and naval upgrades.
  2. On track to be third in global defense spending, behind US and China.
  3. Goal: Defend outlying islands and territorial waters.
  4. Concerns: Taiwanese conflict and North Korean missiles.

References