Japan will hold off on setting a ceiling for next fiscal year's defence spending, a draft of the government's budget outline reviewed by Reuters showed, underscoring resolve to beef up expenditure to counter China's growing military presence.
Under the budget outline, the government will also set aside about 4.5 trillion yen ($33.24 billion) for Prime Minister Fumio Kishida's flagship policy aimed at boosting investment in areas like green innovation and digitalisation, the draft showed.
