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Reuters
Reuters
Business
By Tim Kelly and Sakura Murakami

Pacifist Japan unveils unprecedented $320 billion military build-up

FILE PHOTO: Japanese Prime Minister Fumio Kishida speaks to the media at his official residence after finished an extraordinary Diet session in Tokyo, Japan, December 10, 2022. Yoshikazu Tsuno/Pool via REUTERS

Japan said on Friday it would begin a once-unthinkable $320 billion military build-up that would arm it with missiles capable of striking China and ready it for a sustained conflict as regional tensions and Russia's Ukraine invasion stoke war fears.

Prime Minister Fumio Kishida's government worries that Russia has set a precedent that will encourage China to attack Taiwan, threatening nearby Japanese islands, disrupting supplies of advanced semiconductors and putting a potential stranglehold on sea lanes that supply Middle East oil.

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