Japanese Prime Minister Fumio Kishida's government on Friday approved record defence spending, with a 10th straight annual increase in 2022, against a backdrop of China's rapid military expansion and North Korea's nuclear and missile programmes.
TOKYO - Japanese Prime Minister Fumio Kishida's government on Friday approved record defence spending, with a 10th straight annual increase in 2022, against a backdrop of China's rapid military expansion and North Korea's nuclear and missile programmes.
The higher spending plan follows a meeting in April between U.S. President Joe Biden and Japan's then-premier Yoshihide Suga, in which Suga pledged to strengthen his country's defence capability in light of a more challenging regional security environment. Shinzo Abe, Japan's prime minister before Suga who remains an influential figure in the ruling Liberal Democratic Party, said this month that any emergency over Taiwan would mean an emergency for Japan, as well as for its security alliance with the United States.
The defence ministry is also setting aside 86 billion yen in next year's budget to develop its first new domestic jet fighter in three decades. The project, expected to be completed in the 2030s, is being led by Mitsubishi Heavy Industries Ltd.
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