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Friday, December 21, 2018, 09:59
Japan okays record defense budget, 7th straight annual hike
By Reuters
Friday, December 21, 2018, 09:59 By Reuters

This May 1, 2017 photo shows Japan's Maritime Self Defense Forces helicopter carrier Izumo sailing out its Yokosuka Base in Kanagawa prefecture. Japan's government approved a record defence budget on Dec 21, 2018 that has expanded by almost 12 percent over seven years. (STR / JIJI PRESS / AFP)

TOKYO - Japan's government approved a record defence budget on Friday that has expanded by almost 12 percent over seven years as Tokyo tries to guard against the threat posed by the Democratic People's Republic of Korea's ballistic missiles. 

ALSO READ: Japan seeks record military budget to boost missile defenses

The budget for the year starting April 1 will rise 1.4 percent to 5.26 trillion yen ($48 billion). The budget request requires approval by parliament, where it has a majority. 

The biggest outlay is an initial 176 billion yen payment on two US-built, ground-based Aegis Ashore air defence radars that can track and target ballistic missiles in space. Japan will also spend 68 billion yen to buy six F-35 fighters. 

READ MORE: Japan to spend more on defense, refit 1st aircraft carrier

Japan said in a midterm defence procurement plan last week it would order more advanced stealth fighters over the next several years, including short take-off and vertical landing versions to help bolster defences along its islands at the edge of the East China Sea. 

Japan also remains wary of DPRK promises to abandon nuclear weapons and ballistic missiles, which it has described in a defense white paper as its "most serious and pressing threat". 

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