Global Analysis from the European Perspective. Preparing for the world of tomorrow

Japan’s Cabinet approves record defense budget

Next-generation fighter jets and new missile systems are high on the agenda as Japan seeks to counter potential threats from China and North Korea. Japan’s Cabinet has approved a record 5.34 trillion yen ($51.7 billion/€42.4 billion) defense budget for the fiscal year 2021. It’s the first defense budget under Prime Minister Yoshihide Suga and seeks to bolster funding to develop longer-range cruise missiles and stealth fighters to counter potential threats from China and North Korea.  Source Deutsche Welle

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