CONTENT PREVIEW
Industry

Japanese MoD asks for 2.1% budget increase for FY 2019

30 August 2018

Japan’s Ministry of Defense (MoD) has proposed a defence budget of JPY5.29 trillion (USD47.8 billion) for fiscal year 2019 to put a stronger emphasis on three new defence domains – cyber, space, and electronic warfare (EW) – as part of the country’s emerging defence policy.

If approved, the expenditure would represent a 2.1% increase from the current budget and mark the seventh consecutive rise under the administration of Prime Minister Shinzo Abe, who has adopted a tougher stance against North Korea and China since returning to power in December 2012.

The budget request, which will be sent to the Finance Ministry before a decision is made later this year, includes funding for new capabilities such as two Lockheed Martin Aegis Ashore land-based ballistic missile defence (BMD) systems.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes





(151 of 1041 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT