Read the passage and answer the question:

Japan has very few natural resources and imports most of its raw materials. Even then it progressed rapidly after the end of the Second World War. Japan became a member of the Organisation for Economic Cooperation and Development (OECD) in 1964. In 2017, it is the third largest economy in the world. It is the only Asian member of the G-7. It is the eleventh most populous nation in the world. Japan is the only nation that suffered the destruction caused by nuclear bombs. It is the second largest contributor to the regular budget of the UN, contributing almost 10 per cent of the total. Japan has a security alliance with the US since 1951.

Which of the following statements is correct about Japan?

Statement A- Japan’s military expenditure is only one per cent of its GDP.
Statement B- Japan has a security alliance with the USSR since 1951.

Only Statement 'A' is correct.

The correct answer is Option 1 - Only Statement 'A' is correct.

Statement A- Japan’s military expenditure is only one per cent of its GDP. (CORRECT)
Statement B- Japan has a security alliance with the USSR since 1951. (INCORRECT)

CORRECTION in Statement B- Japan has a security alliance with the US since 1951.

Japan is the only nation that suffered the destruction caused by nuclear bombs. It is the second largest contributor to the regular budget of the UN, contributing almost 10 per cent of the total. Japan has a security alliance with the US since 1951. As per Article 9 of the Japanese Constitution, “the Japanese people forever renounce war as a sovereign right of the nation and the threat or use of force as means of settling international disputes.” Although Japan’s military expenditure is only one per cent of its GDP, it is the seventh largest in the world.