Japan Cabinet OKs Record Military Budget With Eye on China

January 14, 2015 1:31 AM

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Japan's Cabinet has approved the country' largest defense budget, with plans to buy surveillance aircraft and F-35 fighter jets to improve defenses of disputed islands amid China's assertiveness in the region.

Prime Minister Shinzo Abe's Cabinet on Wednesday approved a nearly 5 trillion yen ($42 billion) budget for the year beginning in April, a 2 percent rise. The budget must still be approved by parliament.

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