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Japan is scaling back its historic five-year, 43.5-trillion-yen defense build-up due to the weak yen. The decision comes as the yen's collapse forces Japan to prioritize the acquisition of US-made Tomahawk cruise missiles and F-35 fighter jets, while cutting procurement of some domestically sourced systems. This defense spending plan was aimed at deterring a potential Chinese invasion of Taiwan.
The Japanese yen's plunge forces Tokyo to pull back on biggest defense build-up since World War II as US weapons get pricier https://t.co/BvMVBGJ4vn
Reuters Exclusive: "Weak yen forces Japan to shrink historic military spending plan" Japan is cutting procurement of some domestically sourced systems in order to prioritize acquisition of US made Tomahawk cruise missiles and F-35 fighter jets. https://t.co/Zd6JSQznSj
Weak Yen forces Japan to scale back historic defense spending plan https://t.co/zaVDv4cMpF https://t.co/1HVWC2XcPw
Japan's Doomed Premier Plans To "Fight" Inflation And Boost His Record Low Rating With $110BN In Stimmies And Cash Handouts https://t.co/PyPJpBvemv
Exclusive: A collapse in the yen is forcing Japan to scale back a historic five-year, 43.5-trillion-yen defense build-up aimed at helping to deter a Chinese invasion of Taiwan https://t.co/LclkhnGgOc
Exclusive: Weak yen forces Japan to shrink historic military spending plan https://t.co/lC131DWcLj https://t.co/WP0h3wiYK9
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