The Japanese Ministry of Defense will pursue a record 7 trillion budget for FY2024.

The Defense Ministry will request a record-breaking budget of over 7 trillion yen for the next fiscal year, according to a source with knowledge of the matter. This is in line with Japan's new security strategy to ultimately double its annual defense expenditures.

If the request is granted, the defense budget for the fiscal year beginning in April could exceed the current fiscal year's record budget of 6.8 trillion yen. This ....