Japan Appears $44 Billion Short as Kishida Seeks to Bolster Defense

Japan is undergoing a significant shift in its defense policy, driven by increased public concern over safety due to global tensions. While the public supports increased defense spending, there is resistance to funding it through tax hikes. Prime Minister Kishida faces opposition within his party regarding tax increases, leading to debates on alternative funding methods like bond issuance. The government is exploring various strategies, including selling assets, but concerns about the sustainability of these measures persist.

What has influenced the Japanese public's support for increased defense spending?

• Growing regional tensions and the Russian invasion of Ukraine

• The economic boom in Japan

• A decrease in global oil prices

• The rise of new political parties

What is Prime Minister Kishida's proposed method for funding the defense spending increase?

• Immediate tax hikes

• Gradual tax increases starting the year after next

• Increasing import tariffs

• Cutting public services

What is one of the main concerns of those opposing tax hikes to fund defense spending?

• It might lead to a decrease in tourism

• It could harm the economy as it recovers from the pandemic

• It would increase the national debt

• It might lead to inflation

Which alternative funding method is being considered to avoid immediate tax hikes?

• Raising interest rates

• Cutting military personnel

• Issuing bonds

• Increasing foreign aid

What is a potential issue with selling government assets to fund defense spending?

• It is not a sustainable long-term solution

• It could lead to a housing crisis

• It could cause a diplomatic incident

• It might increase unemployment