Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Japan lawmaker in Taiwan says China threat needs more military spending

Published 12/10/2022, 10:26 PM
Updated 12/11/2022, 02:52 AM
© Reuters. Koichi Hagiuda, policy chief for Japan's ruling Liberal Democratic Party speaks at a forum in Taipei, Taiwan, December 11, 2022. REUTERS/Ann Wang

TAIPEI (Reuters) - Japan needs to increase its military spending in the face of the "grim reality" of the threat from China and North Korea, a senior member of Japan's ruling Liberal Democratic Party said on Sunday during a visit to Taiwan.

Although Chinese-claimed and democratically-governed Taiwan and Japan do not have formal diplomatic ties, they have close unofficial relations and both share concerns about China, especially its increased military activities near the two.

Koichi Hagiuda, the LDP's policy chief and a former industry minister, said during a visit to Taipei that since World War Two Japan has "walked the path of peace" and that path will not change in the future.

"However just reciting the word peace is of course not enough for our peace to be protected," he told a forum on Japan-Taiwan relations.

As Japan prepares next year's budget Prime Minister Fumio Kishida has already announced plans to lift defence spending to an amount equivalent to 2% of gross domestic product within five years, from 1% now.

That would take Japan's annual defence budget to more than 11 trillion yen ($80.55 billion) from 5.4 trillion yen currently, giving the country the world's third-largest military budget after the United States and China at their current levels.

Hagiuda pointed to China's massive increase in military spending, as well as North Korean missile tests, as reasons for Japan to raise its defence budget.

"In the face of such a grim reality, half measures have no meaning at all."

Japan's defence capabilities are necessary to protect lives and peace and must be developed immediately, not within five years, he added.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"It's important to show clearly that we have sufficient capacity to make any would-be aggressor think twice."

China staged military drills near Taiwan in August to express anger at a visit to Taipei by then-U.S. House Speaker Nancy Pelosi, including launching five missiles into the sea close to Okinawa, within Japan's exclusive economic zone.

Japan hosts major U.S. military bases, including on Okinawa, a short flight from Taiwan, which would be crucial for any U.S. support during a Chinese attack.

The United States is bound by law to provide Taiwan with the means to defend itself, though there is ambiguity about whether it would send forces to help Taiwan in a war with China.

Addressing a think-tank in Taiwan last December, the late former Japanese Prime Minister Shinzo Abe said Japan and the United States could not stand by if China attacked Taiwan, and Beijing needs to understand this.

($1 = 136.5600 yen)

Latest comments

Whos is sending their warship and military all over the globe?? USA
The greatest threat is coming from USA, force their little brothers to gang up other country.
if the world without US and it's allies then would be peace
Sure, and ruled by natzis.
these US and allies bast##d son of b### always wants war
Ya ya I wonder who started the war last time..
China.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.