Key Market Indicators
Japan's defence expenditure is set to reach $47 billion by 2026. This would be an increase of 0% on the 2021 figure of $46.3 billion. Since 1965, Japan's defence expenditure has decreased by an average of 0.1% year on year. In 2021, it ranked ninth in the world, behind France, who had $46.3 billion. China, India and Russia ranked second, third and fourth respectively.
