BITING THE BULLET

Japan's defense budget for fiscal 2001 will decline 2.7% to 82.7 trillion yen ($718.7 billion), with procurement down .4% at $43.1 billion. Of the 47 new aircraft sought by the army, navy and air force, 43 are approved. Of these, the air force will purchase 12 Mitsubishi/Lockheed Martin F-2 fighters...

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