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SECURITY > Self-Defense Forces

Japan’s defense budget to increase considerably

  • December 16, 2021
  • , Nikkei
  • JMH Summary

Nikkei led with the finding that the GOJ is making arrangements to substantially ramp up defense spending in line with the planned update a year from now of the five-year Midterm Defense Buildup Program. The GOJ is likely to earmark more than 30 trillion yen ($263 billion) for defense spending in the five-year period beginning in FY2023, up 10% from the current allocation, with the goal of enhancing deterrence in response to China’s robust military operations around Japan. This will reportedly be the first time for the five-year defense budget to exceed 30 trillion yen. The amount will not include spending for U.S. force realignment.

 

The daily explained that the increase will represent Tokyo’s commitment to strengthening its own defense capabilities as promised in the bilateral statement issued by President Biden and then-Prime Minister Suga in April, projecting that more funds will be allocated to procure state-of-the-art defense equipment, develop warships and fighter jets, and station new SDF units on remote islands in Okinawa and Kagoshima to prepare for the possibility of Chinese aggression. The GOJ also plans to commit a substantial amount of money to the defense of new domains, such as outer space and cyber space.

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