On May 23rd 2023, Japan’s Lower House approved a bill that included the creation of a “Defence Force Reinforcement Fund”. The bill will enable the use of non-tax revenues such as expenditure reforms, account surpluses, and sales of national property over multiple fiscal years in order to secure financial resources for increased defense expenditures. As the bill itself was passed by a majority vote by both the Liberal Democratic Party and the New Komeito Party (among others) during a session at the House of Representatives in the Lower House, Japan's Upper House of the Diet has begun delibe…
Bill to Secure Funding for Increased Defense Expenditures Passed by Majority in Plenary Session of the House of Representatives
Inside the Japanese Diet, the House of Councilors
【Image Source】Chris 73, Wikimedia Commons:
https://ja.wikipedia.org/wiki/%E8%AD%B0%E4%BC%9A#/media/%E3%83%95%E3%82%A1%E3%82%A4%E3%83%AB:Japanese_diet_inside.jpg
06/05/2023 NSBT Japan Editorial Department
East Asia
Government
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