Japan's FY 2026 defense budget at record 9 trillion yen

TOKYO - Japan's draft defense budget was set at a record 9.04 trillion yen ($58 billion) for fiscal 2026, the government said Friday, as the country faces increasing security challenges from China and North Korea.

The figure, including outlays linked to hosting U.S. military bases, eclipses the then record 8.7 trillion yen in the initial budget for the current fiscal year to March 2026.