Japan Defense Ministry Seeks 235.2 B. Yen for Aegis Ashore
Tokyo, Aug. 31 (Jiji Press)--Japan's Defense Ministry on Friday made a budget request of 235.2 billion yen for fiscal 2019 to introduce two units of the Aegis Ashore land-based missile defense system.
The ministry aims to further strengthen interception capabilities against possible ballistic missile launches by North Korea.
The total amount of the ministry's budget request for the next fiscal year from April grew 2.1 pct from the fiscal 2018 initial budget level to a record 5,298.6 billion yen, up for the seventh straight year.
Initially, the ministry projected the total basic price for the two Aegis Ashore batteries would stand at some 267.9 billion yen.
But it has cut the estimated costs by over 30 billion yen after dropping a plan to equip the Aegis Ashore system with a function to intercept cruise missiles that fly at lower altitudes than ballistic missiles do and reviewing foreign exchange rates.
[Copyright The Jiji Press, Ltd.]