Japan delays tax hike decision amid rising defense spending concerns

Japan is considering delaying a decision on tax increases that are intended to fund its significant expansion of defense spending.

Mitsunari Okamoto, the policy chief of Komeito, the ruling coalition partner of the Liberal Democratic Party, suggested that while it would be ideal to make a decision this year, it does not mean that the ongoing increase in defense capabilities will be halted.

This raises concerns about how Tokyo plans to finance its historic military build-up in the face of rising defense costs. The government remains committed to enhancing its military capabilities, even as discussions about tax adjustments continue.

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