TOKYO (Reuters) – Japan’s government will forgo setting a ceiling on defense spending in next fiscal year’s annual budget, the Nikkei newspaper reported on Saturday.
The government usually sets a ceiling on spending requests submitted by ministries in crafting its annual state budget to avoid expenditures from increasing too much and straining Japan’s already worsening finances.
Tokyo, however, will make defense expenditure an exception in next fiscal year’s budget as it plans to increase spending on purchases of longer-range missiles and cyber security research, the paper said without citing sources.
(Reporting by Leika Kihara; Editing by Chris Reese)
