Japan missile defense

Japan Approves 16.5% Increase in Defense Spending for FY2024

by
Japan Approves 16.5% Increase in Defense Spending for FY2024

Japan is striving to expedite its drastic defense buildup to deal with rising military threats posed by China, North Korea, and Russia. On December 22, the cabinet of Japanese Prime Minister Kishida Fumio approved 7.95 trillion yen ($55.9 billion) in defense spending for fiscal year 2024, starting in April, amid what Tokyo calls “the most … Read more

Japan’s Defense Ministry Requests Largest Ever Budget for Fiscal Year 2024

by
Japan’s Defense Ministry Requests Largest Ever Budget for Fiscal Year 2024

Advertisement On August 31, the Ministry of Defense in Tokyo asked for 7.74 trillion yen ($53 billion) for fiscal year 2024, its largest ever budget request, as Japan faces the most severe and complex security environment since the end of World War II. The request, a whopping 13.4 percent increase from the initial budget in … Read more