According to reports by the Japanese media, Japanese Prime Minister Fumio Kishida requested that the ministers of finance and defense raise defense spending by more than 50% over the next five years to a level of around 43 trillion Yen ($316 billion USD) or about 8.6 trillion Yen ($63.3 billion USD) per year, Jakub Wozniak reports in Overt Defense. The current five-year plan, which ends in April 2023, saw about 25.5 trillion Yen ($188 billion USD) spent on defense over the five-year period leading up to April 2023; the 2022 annual budget stands at 5.4 trillion Yen ($39.6 billion USD).
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