Japan Approves 16.5% Increase in Defense Spending for FY2024
For the tenth year in a row, the budget draft set a new record for national defense spending as Japan continues to pursue its Defense Buildup Program.
Source: thediplomat.com
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For the tenth year in a row, the budget draft set a new record for national defense spending as Japan continues to pursue its Defense Buildup Program.
MHI will develop upgraded Type 12 surface-to-ship missiles and new submarine-launched standoff missiles.
The missiles, to be deployed on Aegis-equipped destroyers, will add to Japan’s counterstrike capability.
For the ninth year in a row, the budget draft set a new record for Japan’s national defense budget.
The long-debated move comes alongside increased defense spending amid worries about Japan’s security environment.