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Special law enacted to allow defense procurement contracts up to 10 years

  • 2015-04-23 15:00:00
  • , Sankei
  • Translation

(Sankei: April 23, 2015 – p. 5)

 

 A plenary session of the House of Councillors passed on April 22 a special measures law to allow long-term contracts for the procurement of fighters, ships, and other expensive defense equipment for up to 10 years, instead of five under the current law, in order to cut costs. The Liberal Democratic Party, the Democratic Party of Japan, Komeito, the Japan Innovation Party, and others voted for the bill.

 

 According to the Defense Ministry’s estimates, the bulk purchase of 20 P-1 reconnaissance planes under long-term contracts of five years or more will result in savings of approximately 40 billion yen compared with the previous procurement method of spreading the purchases over several fiscal years.

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