Japan’s budget for 2024 provides funds for the development of new technologies for attacking targets in enemy territory.
Japan has raised its military budget for 2024 to a record level. In particular, the country plans to spend a record $56 billion on defense, which is 16.5% more than in 2023. Kyodo News wrote this on Friday, December 22.
“The decision was made as part of a five-year plan to modernize the country’s defense posture. There are concerns that China and Russia are increasing their military power and posing a threat to Japan’s security,” writes the publication.
It is indicated that the country will spend part of the money on developing new military technologies and modernizing existing ones.
Among other things, Japan plans to 2024:
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upgrade version of the Type-12 surface-to-ship guided missile with an increased range of up to 1000 kilometers
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spent more than 80 billion yen ($56 million) on the development and production of hypersonic missiles
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about 32.3 billion yen ($224 million) will be spent on developing new high-precision surface-to-ship and surface-to-surface missiles
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Maritime Self-Defense Force destroyers are being modernized to carry Tomahawk cruise missiles. About 200 million yen will be allocated for this purpose.
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purchase from the United States of 400 Tomahawks with a range of about 1600 km
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spent 373.1 billion yen to build two additional Aegis destroyers
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build a new type of interceptors
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build two new types of frigates equipped with long-range missiles, improved anti-submarine and other capabilities, for which 174 billion yen will be spent in the next fiscal year
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spent 822.5 billion yen on research into breakthrough defense technologies. The funds will be used to create a new research institute dedicated to developing new technologies for the Japanese military.
It was previously reported that Japan will also allocate about $4.5 billion to Ukraine for the country’s post-war reconstruction.
It was also learned that Japan has launched a new program to support Ukrainians fleeing the war.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.