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Japan 's government on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare, as the population ages, and defense to tackle regional threats.The 115.5 trillion yen budget for the year from April 2025, greenlighted by the Cabinet, includes 8.7 trillion yen in defense spending.It also includes social security spending of around 38.3 trillion yen—up from 37.7 trillion the previous year.
It will also go towards a system to collect satellite information on ballistic missiles, such as those fired by North Korea, and the movement of vessels in waters around Japan, including territories disputed with China."Strengthening our defence capabilities is something we're actively working on," Ishiba said at an event organized by the Yomiuri newspaper on Thursday.
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