Japan approves record 4.98 trillion yen defence budget

Japan's cabinet has approved a record 4.98 trillion yen (£28bn, $42bn) budget for defence spending, amid a long-running maritime dispute with China. The new defence budget represents a 2.8% rise from the last fiscal year. It marks the third year of increased spending after a decade of cuts. via Pocket http://ift.tt/1IIR4m8