Japan sets record $52 billion military budget with stealth jets, long-range missiles<\/p>\n
The Japanese government approved a record defense budget for 2021 totaling US$51.7 billion (\u00a55.34 trillion), seeking to introduce new standoff missiles and fund the development of an advanced stealth fighter and longer-range anti-ship missile to counter the regional threat. <\/p>\n
This is the ninth straight year with the consecutive rise in military spending in Japan and frst time under the administration of Prime Minister Yoshihide Suga.<\/p>\n
The projected jet fighter, the first in three decades, is expected to cost around $40 billion and will be led by Mitsubishi Heavy Industries Ltd with help from Lockheed Martin Corp, gets $706 million in the new budget. It is expected to be ready in the 2030s.<\/p>\n
Japan will also spend nearly $323 million to begin the development of a long-range anti-ship missile to defend its southwestern island and training its military to strike distant land targets.<\/p>\n
Other big defense acquisitions include $628 million for six Lockheed F-35 stealth fighters, including two short-takeoff and vertical-landing (STOVL) B variants. Japanese armed forces will also get $912 million to build two compact warships that can operate with fewer sailors than conventional destroyers.<\/p>\n","protected":false},"excerpt":{"rendered":"
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