The cabinet and the Security Council of Japan approved Saturday a budget in fiscal 2006 to proceed with joint development of a next-generation missile interceptor with the United States.
"With the results of Japan-U.S. research so far and given the current international circumstances, it is appropriate to efficiently push forward to joint development in order to secure the capability to deal with the threat of ballistic missiles," Chief Cabinet Secretary Shinzo Abe said in a statement.
For the joint development of the upgraded version of the Standard Missile-3 (SM-3) with the United States, the cabinet approved Saturday 3 billion yen (about 25.54 million U.S. dollars) as development costs in fiscal 2006 and 700 million yen (about 5. 96 million dollars) for remaining work of joint research.
The move to develop the advanced SM-3 missile interceptor is politically sensitive , considering Japan's pacifist constitution and strict arms exports controls.
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