Japan pledges Y45 bil to bolster Asia's anti-terrorism steps

Japan pledges Y45 bil to bolster Japanese military and security companies under the guise of Asia's anti-terrorism steps. Just another example of corporate welfare dressed up as assistance.

for country with colossal debts Japan sure is profligate with its spending.

@Wakarimasen "for country with colossal debts Japan sure is profligate with its spending." that's right; not to mention the sufferers of the many natural disasters.

...and I thought I heard the J Government was bankrupt ??? As I was always taught : "Charity starts at home"... Take care of your own people first Herr Abe !

GEEZ, and this is on top of the what...50 billion that they promised to Africa. Japan is RICH, far, far beyond my imagination....so why are our university research budgets being continually cut then?

I don't know the specifics of this deal, nor the Africa one, but usually Japan requires that Japanese companies be hired with the money given, therefore pumping money back in to the Japanese economy. Theoretically.

Japanese foreign aid is almost always strictly tied, or aid-in-kind; in and of itself, this is not necessarily a bad thing, particularly in corrupt areas of the world; nevertheless, it is still corporate welfare, taxpayer subsidisation of former or neo-zaibatsu like Toyota, Komatsu, Mitsubishi, Kawasaki Heavy Industries Hitachi, Toshiba and others that the country can ill afford. Future generations are going to be buried in debt.

Not much money, maybe, but which Asian countries will receive? is Japan going to reduce buying US debt to produce this money?