Japan Busy Responding to Sino-North Korea Jaws, $56 Billion Defense Budget

Tokyo. Japan’s cabinet has approved a US$56 billion defense budget plan for 2024. Which is about 16 percent more than last year. The massive budget for the fiscal year starting in March will boost the deployment of long-range missiles capable of hitting North Korea and China. With this, the army will be able to strengthen its strength with F-35 stealth fighter aircraft and other American weapons. The Japanese military, along with its allies, is taking a more aggressive stance. Japan’s fiscal year begins in March, and Prime Minister Fumio Kishida’s government announced a five-year military power-building program.

FY 2024 will be the second year of this scheme. Earlier, Japan followed a policy of military force only for self-defense, which it is now changing to strengthen its strength. Japan plans to spend 300 billion US dollars by 2027 to increase its military strength. With this, Japan will become the third country in the world, after America and China, which spends the most on its army. Japan has earmarked about US$5.15 billion in next year’s defense budget for the development of the Type-12 cruise missile and US-made Tomahawks, as well as next-generation long-range missiles.

together Japan It will spend more than 80 billion yen (US$562 million) to develop hypersonic guided missiles with a range of 3,000 kilometers (1,864 miles). The air forces of the US, South Korea and Japan recently conducted a joint exercise to show unity against the potential threat from China and North Korea. A few days ago, North Korea tested an intercontinental ballistic missile for the first time in five months. South Korea’s ‘Joint Chiefs of Staff’ said in a statement that the tripartite exercise in South Korea’s southern island of Jeju is aimed at strengthening the three countries’ joint response to North Korea’s nuclear threats.

Why is Japan increasing its defense budget, is there a threat from China?

In addition to B-1B bombers of the US Air Force, fighter planes of the Air Force of South Korea and Japan participated in this exercise of the three countries. This marks the 13th time this year that American bombers have been temporarily deployed to the Korean Peninsula. The B-1B bomber is capable of carrying large conventional weapons. North Korea had previously tested a missile in response to the deployment of the bomber as evidence of American hostility. North Korea recently test-fired an intercontinental ballistic missile named ‘Hwasong-18’. He said his action was intended to warn against the confrontational attitude of the US and South Korea.

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Tags: Budget, China, Japan, Japan news