# Japan weighs corporate tax hike to fund higher defense spending

https://mins.news/en/item/105639

- CGTN, 2026-10-18 07:26 UTC
- Politics
- Original: https://news.cgtn.com/news/2026-10-18/Japan-weighs-raising-corporate-tax-to-fund-rising-defense-spending-1Rl7KcaL0Yg/p.html?UTM_Source=cgtn&UTM_Medium=rss&UTM_Campaign=World

> Japan is considering raising corporate taxes to finance higher defense spending, Japan Today reported, citing people familiar with the matter. A planned five-year program for fiscal 2027–2031 would prioritize large-scale drone purchases and ammunition and missile stockpiles. Businesses may oppose a tax increase over concerns it could hinder wage growth and weaken Japan’s competitiveness.