Japan Cabinet OKs record $46B defense budget

  • Hitoshi Takano/Kyodo News via AP

    Japanese Prime Minister Shinzo Abe, left, sits with Finance Minister Taro Aso, right, for a Cabinet meeting at his official residence in Tokyo Friday. Abe’s Cabinet approved Japan’s biggest 5.19 trillion yen ($46 billion) defense budget on Friday to bolster ballistic missile defense capability amid escalating threats from North Korea.

TOKYO — Prime Minister Shinzo Abe’s Cabinet on Friday approved Japan’s biggest 5.19 trillion yen ($46 billion) defense budget to bolster ballistic missile defense capability amid escalating threats from North Korea.

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