{
  "id": 10345914,
  "title": "Higher defense spending won’t unsettle markets, government adviser says",
  "url": "https://urgent.news/2026/09/28/higher-defense-spending-wont-unsettle-markets-government-adviser-says",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T02:51:00.000Z",
  "source": {
    "name": "Japan Times",
    "slug": "japan-times",
    "url": "https://www.japantimes.co.jp/business/2026/09/28/markets/defense-spending-no-market-anxiety/"
  },
  "original_language": "en",
  "account": "Any expansion of Japan's defense spending is unlikely to cause significant market anxiety in a single year, according to a government adviser. Takuji Aida, chief economist at Credit Agricole, stated that such a goal is set for a longer-term timeframe of 10 to 15 years. Aida further mentioned that Prime Minister Sanae Takaichi's ¥370 trillion ($2.3 trillion) public-private investment plan for strategic sectors is designed to operate through 2040, indicating that any future increase in defense spending would follow a similarly long-term approach.",
  "summary": "Japan is considering a new medium-term target to raise defense spending to 3.5% of gross domestic product over 10 years.",
  "key_points": [
    "Expansion of Japan's defense spending unlikely to cause immediate market anxiety.",
    "¥370 trillion investment plan for strategic sectors set to operate through 2040.",
    "Prime Minister Takaichi's plan indicates long-term approach for defense spending."
  ],
  "editors_take": "A government adviser's assertion that expanded defense spending will be phased in over a decade or more suggests that markets will not face significant near-term disruption from increased military outlays.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}