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The Defense Ministry will seek a record-high budget of over 7 trillion yen ($49 billion) for the next fiscal year, according to a source familiar with the matter, a move in line with Japan's new security strategy to eventually double its annual defense outlays.
The Japanese government plans to upgrade all eight of its Aegis destroyers by fiscal 2027 so that they can be installed with Tomahawk cruise missiles purchased from the United States, according to a government source
Japan approved on Dec. 23 a record-high 6.8 trillion yen ($51 billion) draft defense budget for fiscal 2023 after pledging to acquire capabilities to strike other countries in a major policy shift under the country's war-renouncing Constitution.
The United States welcomes Japan's plan to significantly increase its defense spending in the next five years in the face of "acute" security challenges in the region, and signals support for any decision that would help beef up its deterrence in dealing with China's assertiveness.
The United States welcomes Japan's plan to significantly increase its defense spending in the next five years in the face of "acute" security challenges in the region, and signals support for any decision that would help beef up its deterrence in dealing with China's assertiveness.