Analysis-With an eye on China, Japan’s ruling party makes unprecedented defence spending pledge

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Reuters

By Tim Kelly and Ju-min Park TOKYO (Reuters) – An unprecedented election pledge by Japan’s ruling party to double defence spending underscores the nation’s haste to acquire missiles, stealth fighters, drones and other weapons to deter China’s military in the disputed East China Sea. The Liberal Democratic Party (LDP) included a goal of spending 2% of GDP – about $100 billion – or more on the military for the first time in its policy platform ahead of a national election this month. Experts don’t expect new Prime Minister Fumio Kishida to double spending anytime soon, given Japan’s debt-saddled…

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