The geopolitical landscape of East Asia is heating up as the United States and Japan ramp up their military budgets. This strategic move comes at a time when both nations face domestic political pressures.
U.S. President Joe Biden, who is eyeing re-election next year, has seen his popularity dip, with unfavorability ratings at 55 percent. In response, Biden is increasing the national defense budget to $886.3 billion for 2024, a historic rise from the previous year’s $857.9 billion. This surge aims to address critical national security priorities, including the strategic competition with major powers, investment in disruptive technologies like artificial intelligence and 5G, and modernization of military equipment.
Meanwhile, Japanese Prime Minister Fumio Kishida is grappling with declining support amid corruption scandals within his cabinet. To reinforce his leadership, Japan has committed to boosting its defense budget by 16 percent in 2024, reaching $52 billion. Over the next four years, Japan plans to invest 43 trillion yen ($300 billion) in military power, positioning itself as the world's third-largest military spender after the U.S. and China. Despite these increases, Kishida maintains Japan's stance as a pacifist nation.
These budget hikes reflect a broader strategy by both leaders to address regional security concerns and reinforce their political standing at home. As defense spending continues to climb, the implications for East Asia's stability and global economic trends are becoming increasingly significant.
Reference(s):
cgtn.com
