Tokyo, August 31: Japan is now so much worried after North Korea’s latest missile launch over the nation that the Japanese defense ministry requested a record-high budget of 5.26 trillion yen ($47.8 billion) for fiscal 2018. The defense ministry wants to reinforce its missile defense against the backdrop of increasing threat.
In this scenario, the raise in the fund is now expected to introduce a new missile shield system, possibly the land-based Aegis Ashore. The country badly needs to defend the islands in southwestern Japan. The big chunk of the increased fund will cover purchases of missile interceptors with an expanded range, altitude, and accuracies, such as the ship-to-air SM-3 Block IIA and the surface-to-air PAC-3 MSE.
After taking the charge Japan Prime Minister Shinzo Abe ended the tradition of a budget cut for the defense sector. He wants Japan to play more active role in security issues. If the current demand is approved, it would be the sixth annual increase under Abe.