Tags: japan | approves | defense | budget | increase | north korea

Japan Approves Record Defense Budget Amid North Korea Tensions

Japan Approves Record Defense Budget Amid North Korea Tensions
(AP)

Thursday, 21 December 2017 09:34 PM

Japan’s cabinet approved a record defense budget of about 5.19 trillion yen ($46 billion), as the nation looks to bolster its capabilities amid North Korea’s growing missile and nuclear weapon threats.

A third layer of ballistic-missile defense and Japan’s first long-range missiles are on the shopping list. North Korea detonated its sixth -- and most powerful -- nuclear device in September, and late last month launched a new intercontinental ballistic missile that it claimed completed its nuclear force.

The total budget for the year starting in April was up 1.3 percent on the previous 12 months, marking the sixth straight increase. The cabinet also approved a 235 billion yen extra defense budget for the current financial year, of which about 62 billion yen will be spent on missile defense.

While regional threats have become more pressing, military spending is limited by the competing demands of social security for its aging population, as well as the pacifism embraced by much of the population. The defense budget has grown by about 10 percent since Prime Minister Shinzo Abe took office in 2012, and accounts for about 1 percent of the economy, compared with 3.3 percent for the U.S.

The budget for the fiscal year starting April includes 2.2 billion yen for the introduction of the Joint Strike Missile, developed by Kongsberg Gruppen ASA of Norway, as well as studies on the deployment of other long-range missiles such as Lockheed Martin Corp.’s LRASM. These weapons, which Japan previously forwent under what it calls a “purely defensive” military stance, could potentially be used to retaliate against any North Korean attack.

About 137 billion yen was earmarked for improvements to ballistic-missile defense, including preparations for the introduction of Lockheed Martin’s land-based Aegis Ashore system. This adds to Japan’s existing ship-based Aegis system, which aims to shoot down ballistic missiles in mid-flight and the ground-based PAC-3, which is meant to intercept them in the final stages of their flight.

Roughly 11 billion yen will be spent on improving warning systems to help Japan deal with launches on a “lofted” trajectory or simultaneous launches of multiple missiles, such as the four North Korea launched in March.

© Copyright 2018 Bloomberg News. All rights reserved.

   
1Like our page
2Share
Newsfront
Japan's cabinet approved a record defense budget of about 5.19 trillion yen ($46 billion), as the nation looks to bolster its capabilities amid North Korea's growing missile and nuclear weapon threats.A third layer of ballistic-missile defense and Japan's first long-range...
japan, approves, defense, budget, increase, north korea
359
2017-34-21
Thursday, 21 December 2017 09:34 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved