Stars and Stripes stripes.com 22 Dec, 2020 07:45 am

Japan’s Cabinet approves largest-ever defense budget for coming fiscal year

Japan’s Cabinet approves largest-ever defense budget for coming fiscal year
The proposed budget for fiscal year 2021, starting in April, is a 0.5% increase over this year’s budget of 5.32 trillion yen, or $51.5 billion, and is the ninth consecutive increase in the national defense budget.

The budget also allocated 293 billion yen, about $2.8 billion yen, or $2.7 billion yen, or $2 billion, is budgeted to support U.2 billion yen, or $11.

7 billion yen, or $16.5 billion yen, or $324 million, for development of domestically made standoff missiles by extending the range of a surface-to-ship missile being developed.

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