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 ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSTOKYO - Japan's defence ministry made a record spending request on Thursday of 7.7 trillion yen , for fiscal 2024, the latest step of a plan to boost defence spending by 43 trillion yen over five years.
The fiscal 2024 request, submitted to the Ministry of Finance, adds almost a trillion yen to the previous year's budget of 6.8 trillion yen. If approved, the budget will have increased spending by about a trillion yen from the previous year for an unprecedented two consecutive years. The budget includes funding for three new landing ships, for a total of 17 billion yen, 17 transport helicopters, for more than 300 billion yen, and a new specialised transport team to improve deployment capabilities, the defence ministry said in its request.
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