Japan Yet to Tap Potential of Offsets to Lower Defense Costs
What Are Offsets? INTERVIEWER The fiscal 2021 defense budget is expected to climb to 5.34 trillion yen, the highest on record. How much of that will be used to procure arms, materials, and equipment from abroad? NAKATANI GEN The share claimed by imports has been rising year by year. This is particularly true of items covered by the Foreign Military Sales program, under which Washington provides defense articles and services to its allies. The fiscal 2021 budget request includes imports of 3.7 trillion yen under FMS, of which 3.1 trillion yen will be for items used in Japan and 500 billion...
Source: nippon.com