The Five Countries With the Biggest Defense Budgets

July 22 (Bloomberg) –- Global defense spending has been declining since 2011, as the U.S. withdraws from Afghanistan and Iraq and Europe implements austerity measures. Bloomberg RANX takes a look at which countries are spending the most on their militaries. (Source: Bloomberg)

BOJ Watch: Will Kuroda Surprise the Markets?
24:20 - Ben Sy, head of Asia FICC at JPMorgan Private Bank, discusses the Bank of Japan policy decision, fiscal stimulus and the outlook for the yen. He speaks to Bloomberg's Yvonne Man on "Daybreak Asia." (Source: Bloomberg)
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