Japan enacts record-high budget amid political, public backlash to soaring defense outlays

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Japan enacts record-high budget amid political, public backlash to soaring defense outlays

STORY: Japan enacts record-high budget amid political, public backlash to soaring defense outlays DATELINE: March 29, 2023 LENGTH: 0:00:46 LOCATION: Tokyo CATEGORY: POLITICS SHOTLIST: 1. various of people protesting against rising defence outlays STORYLINE: Japan's parliament on Tuesday enacted a record 114.38 trillion yen (874.77 billion U.S. dollar) budget for fiscal 2023, including record allocations for controversial defense spending plans amid political and public opposition and against a backdrop of the country's dire fiscal health. The government's budget includes a record 6.82 trillion yen (52.15 billion dollars) in defense spending, a 20 percent hike and the highest on record, for the first year of a controversial and unprecedented five-year spending plan. The five-year plan has drawn staunch criticism from the public, opposition parties and scholars, in no small part due to the plan running contrary to Japan's constitutionally-bound pacifist stance. For the year from April, non-tax re

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