Japan has significantly increased its military budget for the year 2024 in response to a growing threat from China and Russia, according to Kyodo News. In 2024, Japan will allocate a record-breaking $56 billion for defense, marking a 16.5% increase compared to 2023. The decision was made as part of a five-year plan to modernize the country’s defense posture. Japan expresses concerns that China and Russia are enhancing their military capabilities, posing a threat to its security. The budget for 2024 includes funds for the development of new capabilities to strike targets within enemy territory….