Japan Defense Ministry to Request Record 5.3-T.-Yen Budget
Tokyo, Aug. 17 (Jiji Press)--Japan's Defense Ministry is considering making a record budget request of over 5.3 trillion yen for fiscal 2019, informed sources said Friday.
The amount will be over 100 billion yen bigger than the ministry's initial budget for fiscal 2018, due to costs for the planned introduction of the Aegis Ashore land-based missile defense system, the sources said.
The ministry plans to deploy the Aegis Ashore missile interceptor in Akita Prefecture, northeastern Japan, and Yamaguchi Prefecture, western Japan, amid uncertainties over North Korea's denuclearization and China's military buildup.
The ministry's initial budget for fiscal 2018, which began in April, totaled a record 5,191.1 billion yen, rising for the sixth straight year.
The existing five-year defense program through fiscal 2018 allows the defense budget to grow 0.8 pct on average on an initial budget basis.
[Copyright The Jiji Press, Ltd.]