Wednesday, October 27, 2021

Japan Propels Defence Budget, Amid Chinese, North Korean Threats

Why is Japan enhancing it’s Defence Budget? The Japanese government expects to put a record amount of 5.19 trillion yen (approximately $ 46 Billion USD) for the defense budget for the fiscal year 2018. Such figures are contained in the draft budget for the next year, according to Nikkei newspaper reports.

This amount is approximately 70 billion yen (about $ 625 million) more than the last year. Most of the additional costs, as noted, will go to preliminary design for the purpose of the subsequent purchase and deployment of Aegis Agore Missile Defense System in Japan besides the purchase of the new SM-3 Block 2A interceptor missiles that Tokyo is developing jointly with Washington. These measures are necessary against the backdrop of the North Korean threat.

US, India, Japan, Australia Join Hands to Counter China?

In addition, the Japanese Defense Ministry intends to begin developing a cruise missile designed to be deployed on fighter-jets and to strike against naval ships and ground targets. This prototype, as the media wrote, is called the Japanese Tomahawk. It is designed to defend the remote Japanese islands.

Japan to Deploy Aegis Ashore Missile Defence System

At the same time, additional funds for defense will be allocated, as in previous years, through the adoption of an additional budget for the remainder of the 2017 financial year. Part of the requested defense ministry is expected to receive 230 billion yen to receive technical data from the US on Aegis Agore System and upgrade the automated rocket detection and control system.

Japan Allocates $2.9 Billion for Health in Developing Countries

Defense spending in the fiscal year 2018 falls within the overall budget, which amounts to 97.7 trillion yen (about $ 867 billion at the current rate) will also be a record. It will increase spending on the social sphere, including the provision of medical services to the population. Japan has been consistently increasing its defense budget for several years due to the tricky security situation in the region, especially threat emanating from China and North Korea.

Featured News