Tokyo – Japanese Prime Minister Yoshihide Suga’s government approved a ninth consecutive rise in military spending on Monday, funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China’s growing military power.
The Ministry of Defence will get a record 5.34 trillion yen ($51.7 billion) for the year starting in April, up 1.1 per cent from this year. With Suga’s large majority in parliament, enactment of the budget is all but certain.
Suga is continuing the controversial military expansion pursued by his predecessor, Shinzo Abe, to give Japan’s forces new planes, missiles and aircraft carriers with greater range and potency against potential foes including neighbouring China.
China plans to raise its military spending 6.6 per cent this year, the smallest increase in three decades.
Japan is buying longer-range missiles and considering arming and training its military to strike distant land targets in China, North Korea and other parts of Asia.
A planned jet fighter, the first in three decades, is expected to cost around $40 billion and be ready in the 2030s. That project, which will be led by Mitsubishi Heavy Industries Ltd with help from Lockheed Martin Corp, gets $706 million in the new budget.
Japan will spend $323 million to begin development of a long-range anti-ship missile to defend its southwestern Okinawan island chain. (Reuters)
