Ranking of World Military Forces by Country

Sekai published an article last month, a translation of “Why the United States really has gone broke” by Chalmers Johnson. Included is this table ranking countries by the amount of money they spend on their military forces.

1
USA
$623 billion
2008 Budget

2
China
$65 billion
2004

3
Russia
$50 billion

4
France
$45 billion
2005

5
Japan
$41.75 billion
2007

6
Germany
$35.1 billion
2003

7
Italy
$28.2 billion
2003

8
Korea
$21.1 billion
2003

9
India
$19 billion
2005 estimate

10
Saudi Arabia
$18 billion
2005 estimate

METI to warn British investment fund

METI (Ministry of Economy, Trade and Industry) and the Finance Ministry of Japan will make an official decision by 11th April to ‘advise’ a British investment fund to modify or desist from its investment plans as announced in its application to increase its stock holdings in Japanese electricity-producing giant J-Power as “There is a risk [...]