Japan approves record $56 billion defence budget
1 year ago

Japan approves record $56 billion defence budget

Hindustan Times  

Japan approved Friday a record defence budget worth $56 billion for the next fiscal year, as tensions rise with China and North Korea. The defence budget announced Friday includes 370 billion yen to build two new warships rigged with the US-developed Aegis missile defence system. The 7.95 trillion yen draft budget for the 2024-25 fiscal year was approved by the cabinet, in line with Prime Minister Fumio Kishida's pledge to raise defence spending over the next few years. The defence budget is part of the 112.07 trillion yen Japan plans to spend for the next fiscal year, down from a record 114.4 trillion yen in the previous year.

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History of this topic

Japan careering along dangerous road without due care and attention
3 months, 3 weeks ago

Japan careering along dangerous road without due care and attention

China Daily  

Members of the Japan Self Defense Forces wearing protection gears take part in a civil protection exercise in Tokyo on January 15, 2024. In recent years, Japan has been running wildly on the dangerous road of expanding its military, which deserves high vigilance from neighboring countries and the international community. Against the backdrop of overall deflation in Japan's economy, sluggish …

Japan careering along dangerous road without due care and attention
3 months, 3 weeks ago

Japan careering along dangerous road without due care and attention

China Daily  

Members of the Japan Self Defense Forces wearing protection gears take part in a civil protection exercise in Tokyo on January 15, 2024. In recent years, Japan has been running wildly on the dangerous road of expanding its military, which deserves high vigilance from neighboring countries and the international community. Against the backdrop of overall deflation in Japan's economy, sluggish …

Japan's defence ministry seeks record budget as it faces growing threat from China
3 months, 3 weeks ago

Japan's defence ministry seeks record budget as it faces growing threat from China

The Hindu  

Japan’s Defence Ministry Friday sought a record 8.5 trillion-yen budget for the next year to fortify its deterrence on southwestern islands against China’s increasing threat while focusing on unmanned weapons and AI to make up for the declining number of servicemembers as a result of the country’s shrinking population. Japan has been rapidly building up the defence of the southwestern …

Japan’s defense ministry seeks record budget as it faces growing threat from China
3 months, 3 weeks ago

Japan’s defense ministry seeks record budget as it faces growing threat from China

Associated Press  

TOKYO — Japan’s Defense Ministry on Friday sought a record 8.5 trillion yen budget for the next year to fortify its deterrence on southwestern islands against China’s increasing threat. Japan has been rapidly building up the defense of the southwestern region in recent years amid China’s growing military threats and tension in the regional seas. It Japanese defense officials say …

China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue
9 months, 2 weeks ago

China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue

Associated Press  

BEIJING — China on Tuesday announced a 7.2% increase in its defense budget, which is already the world’s second-highest behind the United States at 1.6 trillion yuan, roughly mirroring last year’s rise. In the latest dangerous incident, Chinese coast guard ships blocked Philippine vessels off a disputed South China Sea shoal on Tuesday, causing a minor collision, the Philippine coast …

Japan Cabinet OKs record military budget to speed up strike capability, eases lethal arms export ban
1 year ago

Japan Cabinet OKs record military budget to speed up strike capability, eases lethal arms export ban

Associated Press  

TOKYO — Japan’s Cabinet on Friday approved a hefty 16% increase in military spending next year and eased its postwar ban on lethal weapons exports, underscoring a shift away from the country’s self-defense-only principle. The easing would help strengthen Japan’s feeble defense industry and broaden the country’s new official military aid designed for like-minded nations in the Indo-Pacific region in …

Japan’s prime minister announces $113 billion in stimulus spending
1 year, 1 month ago

Japan’s prime minister announces $113 billion in stimulus spending

Associated Press  

TOKYO — Japanese Prime Minister Fumio Kishida announced Thursday a stimulus package of more than 17 trillion yen that includes tax breaks and benefits for low-income households, a plan criticized by some observers as populist spending that would worsen Japan’s national debt. Takahide Kiuchi, executive economist at the Nomura Research Institute, said the package’s effect on the economy will be …

World military spending reaches all-time high of $2.24 trillion
1 year, 8 months ago

World military spending reaches all-time high of $2.24 trillion

Al Jazeera  

Surge in spending reflects Russia-Ukraine war and ‘increasingly insecure world’, according to leading think tank. World military spending reached an all-time high of $2.24 trillion in 2022, as Russia’s invasion of Ukraine fuelled a sharp jump in military spending across Europe, according to a leading defence think tank. “While the full-scale invasion of Ukraine in February 2022 certainly affected military …

Japan OKs new budget incl. hefty arms cost to deter China
1 year, 9 months ago

Japan OKs new budget incl. hefty arms cost to deter China

Associated Press  

TOKYO — The lower house of Parliament approved Tuesday a budget for the coming fiscal year that includes a record 6.8 trillion yen in defense spending, part of Japan’s effort to fortify its military as China’s influence in the region grows. “The improvement of childcare has been neglected for more than 10 years,” Chinami Nishimura, a lawmaker with the opposition …

Japan’s Defense Spending Conundrum
1 year, 10 months ago

Japan’s Defense Spending Conundrum

The Diplomat  

Facing “the most severe and complex security environment since World War II,” the Japanese government is determined to raise defense spending to 2 percent of GDP by 2027. On December 8, Kishida announced that Japan would need 1 trillion yen more in annual tax revenue by fiscal year 2027 to fund the defense spending increase of 17 trillion yen over …

Japan unveils record 114.4 trillion-yen budget in fresh boost to military capacity
2 years ago

Japan unveils record 114.4 trillion-yen budget in fresh boost to military capacity

Firstpost  

Endorsed by Prime Minister Fumio Kishida’s cabinet on Friday, the highlights of the budget include record expenditure earmarked for defence and welfare spending for a country that has an ageing population. Tokyo: Japan on Friday announced a budget of 114.4 trillion yen for the next fiscal year beginning April, marking increased military spending and higher social security costs for its …

Tomahawks part of Japan’s record defense spending next year
2 years ago

Tomahawks part of Japan’s record defense spending next year

Associated Press  

TOKYO — Japan’s defense spending will jump 20% to a record 6.8 trillion yen next year as the country prepares to deploy U.S.-made Tomahawks and other long-range cruise missiles that can hit targets in China or North Korea under a more offensive security strategy. The budget plan comes a week after Kishida’s government announced Japan’s new National Security Strategy, stating …

Japan unveils record defence budget amid regional security fears
2 years ago

Japan unveils record defence budget amid regional security fears

Al Jazeera  

The cabinet’s nod for a 20-percent rise in military spending is a deviation from pacifist post-WWII self-defence policy. Japan will boost its defence budget for 2023 to a record 6.8 trillion yen, or a 20-percent increase, in the face of regional security concerns and threats posed by China and North Korea. Prime Minister Fumio Kishida’s cabinet approved the budget on …

Explained: Why pacifist Japan wants to augment its arms capability and defence budget
2 years ago

Explained: Why pacifist Japan wants to augment its arms capability and defence budget

Firstpost  

In a huge turn from its postwar security policy, Japan has decided to possess ‘counterstrike capability’ to preempt enemy attacks. The country also aims to double its defence spending to about two per cent of its GDP Japan this week adopted a new national security strategy that includes determination to possess “counterstrike" capability to preempt enemy attacks and double its …

EXPLAINER: Why Japan is boosting its arms capability, budget
2 years ago

EXPLAINER: Why Japan is boosting its arms capability, budget

Associated Press  

TOKYO — Japan this week adopted a new national security strategy that includes determination to possess “counterstrike” capability to preempt enemy attacks and double its spending to gain a more offensive footing and improve its resilience to protect itself from growing risks from China, North Korea and Russia. The new spending target follows the NATO standard and will eventually push …

Japan Approves Biggest Military Build-Up Since World War II To Counter Growing Threats From China: Report
2 years ago

Japan Approves Biggest Military Build-Up Since World War II To Counter Growing Threats From China: Report

ABP News  

Japan has approved its largest military buildup since World War II, declaring that China posed the "greatest strategic challenge ever" and laying out plans for a counter-strike capability supported by record defence spending, The Guardian reported. Japan will also obtain new weapons capable of striking enemy sites 1,000 kilometres away with land or sea-launched missiles, a move that some feel …

As regional threats rise, Japan eases defense-only strategy
2 years ago

As regional threats rise, Japan eases defense-only strategy

Associated Press  

TOKYO — In a major break from its strictly self-defense-only postwar principle, Japan adopted a national security strategy Friday declaring plans to possess preemptive strike capability and cruise missiles within years to give itself more offensive footing against threats from neighboring China and North Korea. Possession of the strike-back capability is “indispensable” as deterrence to discourage enemy attacks, Prime Minister …

Japan aims to boost 5-year defense spending to $318 billion
2 years ago

Japan aims to boost 5-year defense spending to $318 billion

Associated Press  

TOKYO — Japan’s Prime Minister Fumio Kishida on Monday set a new target for military spending over the next five years to 43 trillion yen, or 1.5 times the current level, as the country seeks defense buildup including the use of preemptive strike. Defense Minister Yasukazu Hamada said Kishida told him and Finance Minister Shunichi Suzuki to work on a …

Here's why Japan is doubling its defence budget
2 years ago

Here's why Japan is doubling its defence budget

Firstpost  

During a meeting, PM Kishida asked Finance Minister Shunichi Suzuki and Defence Minister Yasukazu Hamada that the island country needs to urgently raise its defence budget by fiscal 2027 Japanese Prime Minister Fumio Kishida has asked key ministers on Monday to secure enough funds to raise defence spending to two per cent of gross domestic product in five years. During …

Taiwan unveils record defence budget amid tensions with China
2 years, 3 months ago

Taiwan unveils record defence budget amid tensions with China

Al Jazeera  

Taiwan has unveiled plans for a record boost in defence spending, weeks after China staged unprecedented military exercises around the democratically governed island. The 13.9 percent spending increase, which includes funding for new fighter jets and other equipment, would take the total defence budget to a record 586.3 billion New Taiwan dollars, or about 15 percent of total government expenditure. …

Japan’s Defense Budget: Double or Nothing?
2 years, 5 months ago

Japan’s Defense Budget: Double or Nothing?

The Diplomat  

Calls have intensified for Japan to double its defense spending from 1 to 2 percent of its Gross Domestic Product in the wake of the Russian invasion of Ukraine, which experts fear could embolden China to act more provocatively against Taiwan. Consequently, in April 2022 the ruling Liberal Democratic Party’s panel on national security advised the Kishida administration to not …

Defence Diary: Too Much Focus on China Game PLAN; Why Navy Should Get Bigger Slice of Budget Pie
2 years, 10 months ago

Defence Diary: Too Much Focus on China Game PLAN; Why Navy Should Get Bigger Slice of Budget Pie

News 18  

It’s that time of the year when government officials indulge in aggressive discussions behind the closed doors of South Block over the exact funds that should be earmarked for the Indian Armed Forces in the next financial year. For instance, in 2020-21, the revised estimates and the actual expenditure of the Navy were Rs 37,542 crore and about Rs 41,600 …

China boosts defence spending to $209 billion, over three times that of India
3 years, 9 months ago

China boosts defence spending to $209 billion, over three times that of India

Firstpost  

Beijing: China on Friday hiked its defence budget for the first time to more than US $200 billion, over three times higher than that of India, maintaining a single-digit growth for the sixth consecutive year with a 6.8 percent increase in 2021. This year’s planned defence spending will be about 1.35 trillion yuan, state-run Xinhua news agency reported, adding that …

China hikes defence budget to USD 209 billion, 6.8 per cent increase
3 years, 9 months ago

China hikes defence budget to USD 209 billion, 6.8 per cent increase

India TV News  

China on Friday hiked its defence budget to USD 209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021. China’s annual defence budget maintains a single-digit growth for a sixth consecutive year, state-run Xinhua news agency reported. China's defence budget is about one quarter of the US figure, which is USD …

Does Japan Need to Develop a New Fighter Aircraft?
3 years, 10 months ago

Does Japan Need to Develop a New Fighter Aircraft?

The Diplomat  

The Japanese archipelago lies in a volatile region rife with historical tensions and territorial disputes. These developments may suggest that Japan is potentially reconsidering its engagement with the U.S. on military hardware and could utilize government funds instead for domestic development to enhance the competitiveness of its defense industrial base and, more importantly, gain full control of defense capabilities, as …

Japan Cabinet OKs more defense funds amid potential threats
4 years ago

Japan Cabinet OKs more defense funds amid potential threats

Associated Press  

TOKYO — Japan’s Cabinet approved a ninth straight increase in the nation’s defense budget as the government bolsters funding to develop longer-range cruise missiles and stealth fighters to counter potential threats from China and North Korea. A large chunk of the budget plan goes to reinforce Japan’s missile capability, including 33.5 billion yen to develop extended-range anti-ship missiles that can …

Japan military seeks record budget amid regional threats
4 years, 2 months ago

Japan military seeks record budget amid regional threats

Associated Press  

TOKYO — Japan’s Defense Ministry is seeking a record-high budget of nearly 5.5 trillion yen for fiscal 2021 to fund more purchases of costly American stealth fighters and expand its capability to counter possible threats in both cyber and outer space. Japan also faced demands from President Donald Trump that U.S. allies increase defense spending, which Japan did in part …

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