Japan's Prime Minister Earmarks $65Bln Defense Budget for Fiscal 2027, Reports Say

MOSCOW (Sputnik) - Japanese Prime Minister Fumio Kishida has told the ruling Liberal Democratic Party that defense spending would be 8.9 trillion yen ($65) in 2027 fiscal year, in line with the country's plan to boost military expenditures to 2% of GDP over the next five years, Japanese media reported on Friday.