Japan Is Planning To Buy Long-Range Missiles Amid Growing Threats
Japan's defense minister said the missiles would be used to defend naval ships and possibly for island defense.LEARN MORE
The draft budget for fiscal 2018 came in at a whopping 5.19 trillion yen — up 1.3 percent from the previous year.
Japan's government has approved its biggest defense budget to date.
The draft budget for fiscal 2018 came in at a whopping 5.19 trillion yen — up 1.3 percent from the previous year. It's the sixth consecutive year the budget has increased.
And officials say a lot of that money will go toward bolstering Japan's defenses against escalating threats from North Korea.
As Japan's minister of defense told reporters, "Our nation's security is under a greater threat. It is significantly important that we procure cutting-edge equipment. It's important that we continue to increase pressure on North Korea to urge the regime to alter its policy."
The budget was approved nearly a month after North Korea's latest missile launch. Pyongyang said that missile was tipped with a "super-large" warhead and claims it is capable of "striking the whole" U.S. mainland.
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