Asia Sentinel

Asia Sentinel

Opinion

Southeast Asia Welcomes Japanese Investment but not Soldiers

Tokyo’s rearmament sparks sober historical memories

Oct 21, 2026
∙ Paid
By: B A Hamzah

By all accounts, Japan is on the road to full militarization. The evidence is everywhere: its military budget has reached a record high, exceeding ¥9 trillion ($68 billion) and hitting the target of 2 percent of GDP. By comparison, the US spends close to $1 trillion and China about $340 billion on defense.

Japan has overhauled its post-Worl…

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