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Japan Wants 3 Percent Increase in Defense Spending, Largest Hike in 20+ Years

Japan's Defense Ministry said on Friday it was seeking a three percent increase in next year's budget allocation, the biggest rise in 22 years, with most of the growth linked to revised personnel costs and equipment imports made more expensive by a weaker yen.

The budget request for the year from April 2014 comes as Japan remains locked in a territorial spat with China over uninhabited East China Sea islets, fraying ties be

Source: Reuters. Read full article. (link)

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