The ruling Liberal Democratic Party plans to propose that the country increase defense spending to a level equivalent to 2% of its gross domestic product in about five years, sources have said.

The LDP's Research Commission on Security will finalize the proposal, which would put Japan on par with NATO member countries that are committed to spending 2% of their GDP on defense, next week for submission sometime this month to Prime Minister Fumio Kishida. Kishida has said the government will "examine all options necessary for national defense."

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