Japan to be third global military power despite currency devaluation

"While concerns had spread that Japan's

planned defense budget could be affected by the recent currency devaluation of the Yen by an average of 20% since 2022 against other....Following the recent doubling of it’s defense budget cap - from 1% to 2% of GDP - should Japan stick to its current spending plan for the next five years it will have the third largest military in the world, behind the US and China." MS