Japan OKs record $56B defense budget, looking to counter North Korean missiles



News Japan OKs record $56B defense budget, looking to counter North Korean missiles Draft budget allocates funds for missile defense ships, counterstrike capabilities and hypersonic missile interceptors Kosuke Takahashi December 22, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON A conceptual image of Aegis system equipped vessel, one of two that Japan has allocated funds for in its latest defense budget \| Image: Japan Self-Defense Forces, edited by NK News Japan’s cabinet approved a record $55.9 billion (7.95 trillion yen) defense budget on Friday, allocating funds to strengthen air and missile defenses and acquire counterstrike capabilities in response to North Korean military threats. The draft budget for fiscal year 2024 represents a 16.5 percent rise from the previous year and sets a new high-water mark for the 10th consecutive year amid an increasingly severe security situation in East Asia. Japan’s cabinet approved a record $55.9 billion (7.95 trillion yen) defense budget on Friday, allocating funds to strengthen air and missile defenses and acquire counterstrike capabilities in response to North Korean military threats. The draft budget for fiscal year 2024 represents a 16.5 percent rise from the previous year and sets a new high-water mark for the 10th consecutive year amid an increasingly severe security situation in East Asia. Try unlimited access Only $1 for four weeks Unlimited access to all of NK News: reporting, investigations, analysis Year-one discount if you continue past $1 trial period The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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Japan OKs record $56B defense budget, looking to counter North Korean missiles

Draft budget allocates funds for missile defense ships, counterstrike capabilities and hypersonic missile interceptors

Kosuke Takahashi December 22, 2023

Japan OKs record $56B defense budget, looking to counter North Korean missiles

A conceptual image of Aegis system equipped vessel, one of two that Japan has allocated funds for in its latest defense budget | Image: Japan Self-Defense Forces, edited by NK News

Japan’s cabinet approved a record $55.9 billion (7.95 trillion yen) defense budget on Friday, allocating funds to strengthen air and missile defenses and acquire counterstrike capabilities in response to North Korean military threats.

The draft budget for fiscal year 2024 represents a 16.5 percent rise from the previous year and sets a new high-water mark for the 10th consecutive year amid an increasingly severe security situation in East Asia.

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Japan OKs record $56B defense budget, looking to counter North Korean missiles

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