Japan Defense Min. to Set Budget Request at Record 5.29 T. Yen
Tokyo, Aug. 22 (Jiji Press)--Japan's Defense Ministry plans to set its budget request at a record 5,298.6 billion yen in fiscal 2019 from next April, informed sources said Wednesday.
The requested amount will represent an increase for the seventh straight year. Compared with the fiscal 2018 initial budget level, the figure is up 2 pct.
The growth will reflect costs to introduce the Aegis Ashore land-based missile defense system in Akita Prefecture, northeastern Japan, and Yamaguchi Prefecture, western Japan.
A formal decision on the budget request will be made at the end of this month.
The ministry's initial budget stood at a record high of 5,191.1 billion yen in fiscal 2018, staying consistently on the growth track since Prime Minister Shinzo Abe came back to office in 2012.
[Copyright The Jiji Press, Ltd.]