7 7 trillion yen!Japan s defense budget for 2024 is at a record high

Mondo Finance Updated on 2024-01-29

According to Japan's Kyodo News Agency, Japan's ** relevant sources revealed on the 16th that ** has been about 7The final coordination of defense spending of 7 trillion yen (about 385.6 billion yuan) is the highest in history.

According to reports, in order to thoroughly strengthen its defense capabilities, Japan has decided to invest a total of about 43 trillion yen in its defense budget over the five years from 2023 to 2027. In fiscal 2024, the second year, defense spending will significantly exceed the original budget for fiscal 2023, which was previously the highest, by about 68 trillion yen.

According to the report, the defense expenditure in 2024 includes the procurement of domestically produced long-range missiles to destroy missile bases and other counterattack capabilities in other countries, and the research and development of new-generation fighters.

According to relevant sources, Japan plans to use a budget of 96.1 billion yen to purchase domestically produced improved Type 12 shore-to-ship missiles, and complete the deployment one year ahead of schedule to 2025.

In addition, 72.5 billion yen and 32.3 billion yen have been allocated for research and development of hypersonic missiles with a range of 3,000 kilometers and new precision missiles that can attack ships and land targets, respectively.

In addition, in fiscal 2024, Japan will establish a permanent "Integrated Command" in Ichiga, Tokyo, with a staff size of 240 people, to command the operations of the three self-defense forces of the army, navy and air force.

According to the report, the 2024 budget is expected to be finalized at the cabinet meeting on the 22nd. At present, the start time of Japan's tax increase to increase defense spending has not yet been finalized, and defense spending continues to increase while financial resources have not yet been secured.

*: China News Network.

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