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The centerpiece of Japan's 2024 military budget is an early deployment of “standoff” missiles that officials say are needed to reinforce air defenses, especially to protect Japan’s ...
By Sakura Murakami. TOKYO (Reuters) - Japan's defence ministry made a record spending request on Thursday of 7.7 trillion yen ($52.67 billion), for fiscal 2024, the latest step of a plan to boost ...
The military budget of Japan is the portion of the overall budget of Japan that is allocated for the funding of the Japanese Self-Defence Forces.This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and the development and procurement of new weapons, equipment, and vehicles.
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies.
As of 2005, Japan's military budget equalled about 3% of the national budget; about half is spent on personnel costs, while the rest is for weapons programs, maintenance and operating costs. [89] As of 2011, Japan has the world's eighth-largest military budget. [90] [91]
The record 5.34 trillion yen ($51.7 billion) defense budget planned for fiscal 2021 is the first under Prime Minister Yoshihide Suga and is a 1.1% increase over the current year's budget.
Initial FY 2024 ASEV funding was set at 373.1 billion yen (US$2.6 billion), a slight reduction from the 379.7 billion yen (US $2.64 billion) that the Japanese Ministry of Defense had sought in its initial FY 2024 budget request submitted in August 2023. [81]
The hefty defense budget is the first installment of a five-year, 43-trillion-yen ($315-billion) military spending plan as part of Japan’s new National Security Strategy, which was announced in ...