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Japan's Defense Plan Sets New Spending Limit

January 25, 1987|Associated Press

TOKYO — Japan on Saturday announced a defense buildup plan that formally scraps a decade-old ceiling limiting defense spending to 1% of the country's gross national product.

The announcement, which followed a special Cabinet session, said defense expenditures for the five-year period ending March 31, 1991, would be about $120 billion.

Prime Minister Yasuhiro Nakasone told reporters the defense expenditures for each fiscal year are expected to average about 1.02% of gross national product.

Japan will maintain an exclusively defensive posture and not become a military power threatening other nations, the announcement said.

The defense budget is still subject to approval by Parliament.

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