The Japanese government approves a record defense budget for 2022…

Japanese government approves record defense budget for 2022

Japan’s cabinet has approved a record defense budget of 5.4 trillion yen ($47 billion) for the 2022 fiscal year.

The council approved the budget, which includes funding for research and development of a new combat aircraft and other “game-changing” weapons as Japan builds up its defense capabilities in response to China’s growing military power and its tensions with Taiwan.

The 1.1 percent budget increase for the year beginning in April is the 10th consecutive increase in defense spending, and is in line with Japan’s pledge to the United States to enhance its defense capabilities to deal with increasingly difficult security issues in the region.

The budget, which still needs parliamentary approval, includes a record 291 billion yen ($2.55 billion) for defense research and development, up 38 percent from this year.

A total of 100 billion yen ($870 million) has been allocated to develop the FX fighter jet to replace Japan’s aging fleet of F-2s in 2035. It will be Japan’s first domestically developed combat aircraft in 40 years.

Source: Russia Today

These were the details of the news The Japanese government approves a record defense budget for 2022… for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Gunman kills 18 children, three adults in Texas elementary school, say officials
NEXT 25 persons emerge from shell-pounded steel complex in Mariupol

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]