Exclusive: Weak yen forces Japan to shrink historic military spending plan

Source: reuters.com reuters.com

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[1/4] Members of the Japan Ground Self-Defense Force (JGSDF) disembark from a CH-47 Chinook helicopter during a live fire exercise at East Fuji Maneuver Area, in Gotemba, Shizuoka, Japan, May 28, 2022. Tomohiro Ohsumi/Pool via REUTERS Acquire Licensing Rights TOKYO, Nov 3 (Reuters) - A collapse in the yen is forcing Japan to scale back a historic five-year, 43.5-trillion-yen defence build-up aimed at helping to deter a Chinese invasion of Taiwan, according to eight people familiar with the matter. Since the plan was unveiled in December, the yen has lost 10% of its value against the dollar, forcing Tokyo to...