Japan Defense Ministry to Seek Record ¥5.25 Trillion Budget (News)
Tokyo, Aug. 22 (Jiji Press)—Japan's Defense Ministry will make a record budget request of ¥5,255.1 billion for fiscal 2018, including expenditures to strengthen the country's defense in response to series of ballistic missile launches by North Korea, government officials said Tuesday.
The budget request, up 2.5% from the initial defense budget for the current fiscal year through next March, will also include costs to construct new submarines to cope with China's expansion into the East and South China Seas.
The ministry will request introduction of the Aegis Ashore land-based missile defense system, developed by the United States, without specifying the amount of financing. Details of the request, including the specific spending amount, will be thrashed out before the government's compilation of the budget late this year.
To enable Aegis destroyers to shoot down ballistic missiles launched on lofted trajectories and cope with missile attacks in wider areas, the ministry will seek an allocation of ¥47.2 billion to purchase SM-3 Block 2A intercept missiles.
A total of ¥10.7 billion will be requested for the costs of enhancing the automatic warning and control system's detection capacity.[Copyright The Jiji Press, Ltd.]