Japan's Cabinet approved on Friday a record 8.7-trillion-yen ($55-billion) defense budget for 2025 as the country accelerates building up its strike-back capability and starts deploying Tomahawks to fortify itself against growing threats from China,

The Japanese Cabinet has approved a record 8.7 trillion yen ($55 billion) defense budget plan for 2025 as Japan accelerates building up its strike-back capability with long-range cruise missiles and starts deploying Tomahawks to further fortify the country against growing threat from China,

Japanese Prime Minister Shigeru Ishiba's cabinet on Friday approved a record $730 billion budget for the next fiscal year, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue.