Amid growing threats from China and North Korea, Japan is reportedly planning to resume anti-missile evacuation drills, a program that has been suspended for four years. Meanwhile, the government announced independent research and development (R&D) and mass production of new missiles. It also accelerated the upgrade of the self-defense force to better respond to security…
Japan Plans to Resume Air Defense Drills, Upgrade Missiles, and Fighter Jets Amid Growing Regional Threats
September 9, 2022
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Global Military Spending Sets New Record, Exceeds $2 Trillion: Stockholm Report
The world’s military expenditures in 2021 surpassed two trillion dollars for the first time ever, hitting $2.113 trillion, according to the Trends in World Military Expenditure 2021 report published by the Stockholm International Peace Research Institute (SIPRI) on April 25. Global military spending in 2021 was 0.7 percent higher than in 2020 and 12 percent…
Military Budget Proposal Would Cost an Extra $1.2 Trillion over 10 Years: Tax Expert
Albert Einstein is said to have called compound interest “the most powerful force in the universe.” A recent budget analysis shows how that powerful force would affect U.S. fiscal policy if Congress follows recommendations to increase annual military spending by five-percent per year over the next decade. Following the House Armed Service Committee’s (HASC) passage…
Japanese Defense Paper Warns Over Taiwan Security for First Time
July 15, 2021
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Asia & PacificChinaChinese RegimeIndo-PacificInternational RelationsJapan defense papermilitary budgetTaiwanUS-China relationsWorld
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For the first time, Japan has explicitly warned over Taiwan’s security in its annual defense white paper on July 12. The direct wording on the Taiwan issue in the 2021 defense paper is very different from previous years, which carefully avoided any words that could provoke the Chinese communist regime. The white paper states that…
China Increases Defense Budget, Premier Orders the Military to Prepare for War
China will increase its military budget to 1.35 trillion yuan (about $207.8 billion) in 2021, which is 6.8 percent higher than 2020, Chinese state-run media reported on Mar. 6. One expert told The Epoch Times that the Chinese Communist Party (CCP)’s top priority is to strengthen its military. During the ruling party’s most important annual…
Hong Kong Government Allocates $1 Billion for National Security Crackdown Without Providing Any Details
On Feb. 24, The Hong Kong government announced a new budget for fiscal year 2021–2022, allocating HK$ 8 billion (US$ 1 billion) for the national security crackdown, despite facing a huge deficit. This is the first time that national security expenditures appeared in the Hong Kong government’s budget, following Beijing putting out and implementing the…
Hong Kong Government Allocates $1 Billion for National Security Budget Without Providing Any Details
On Feb. 24, the Hong Kong government announced a new budget for fiscal year 2021–2022, allocating about $1 billion (HK$8 billion) for national security expenditures, despite facing a huge deficit. This is the first time that national security expenditures appeared in the Hong Kong government’s budget since Beijing implemented the national security law at the…
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