Search This Blog

Monday, August 03, 2015

Japan eyeing 5 trillion yen defense budget

Knogo class DDGJapan’s Ministry of Defense will likely make a record budget request for fiscal 2016 as it seeks to buy new airborne refueling aircraft and continue building an Aegis destroyer. Soaring procurement costs due to the weaker yen will also be factored into the request.

The ministry expects to request a budget of more than 5 trillion yen ($40.3 billion) for fiscal 2016. The request is part of a two-step system. After each ministry submits its request, by the end of August, the government will debate the overall budget.

After this process, the government compiles budget proposals, at the end of the year. For the first time, the government’s defense proposal to the Diet is expected to top 5 trillion yen.

Read more
om

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.