New leadershipproves tightfisted
Japan‚Äôs 2010 defense budget was submitted twice. The first request, for ¬•4.7 trillion ($52.3 billion), a 3% increase over 2009, was made on Aug. 31 by the Liberal Democratic Party (LDP). In the election one day earlier, the LDP lost its 54-year grip on power to the Democratic Party of Japan (DPJ), which won by a landslide on pledges to provide European-style social benefits, cut wasteful outlays and ensure that elected officials, and not bureaucrats, make decisions. The DPJ discarded the ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Defense Budget Scrutinized By Japan‚Äôs New Government".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.