Arab Today, arab today japan raises defence spending budget in fy 2014 by 28
Last Updated : GMT 10:30:18
Arab Today, arab today
Arab Today, arab today

Japan raises defence spending budget in FY 2014 by 2.8%

Arab Today, arab today

Arab Today, arab today Japan raises defence spending budget in FY 2014 by 2.8%

Tokyo - XINHUA

Japanese cabinet on Tuesday approved a record-high 95.88 trillion yen (about 922.22 billion U.S. dollars) budget for fiscal 2014, of which the defense spending was up 2.8 percent, marking the second straight year of rise. The defense budget stands at 4,884.8 billion yen, up 131 billion yen from the initial budget for fiscal year (FY) 2013 through March, said Kyodo News. As fiscal 2014 becomes the first year of Tokyo's five-year defense buildup plan, Japan would spend plenty of money on military hardware. According to the Kyodo News report, about 63.8 billion yen will be earmarked for the purchase of four F-35 stealth fighter jets, and 38.3 billion yen to buy equipment and train personnel to fly the fighter jets. The total number of F-35s will eventually rise to 42 under the medium-term plan. In addition, the country will allocate 1.7 billion yen to purchase two amphibious vehicles and 100 million yen to study the introduction of the U.S. military's Osprey transport aircraft as 17 units are scheduled to join the Self-Defense Forces (SDF) under the medium-term defense buildup plan. In fiscal 2014, 15.8 billion yen will be spent to prepare for the dispatch of a SDF coast observation unit to one of the Nansei Island chain, Yonaguni, and 133 SDF members will be added for surveillance over the Nansei Islands. The defense budget does not include costs to build a replacement facility within Okinawa Prefecture to relocate the U.S. military's Futenma air station in densely populated Ginowan to an offshore area in Nago, as Tokyo is seeking local approval to go ahead with the plan. The cabinet stressed that the purpose of increasing defense budget was to bolster surveillance and defense capabilities. While considering the newly approved aggressive national security strategy and defense guideline, however, the intention indeed is not that simple. The act to further expand the country's military might increase regional concerns about its right-leaning politics and surging nationalism.

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Arab Today, arab today japan raises defence spending budget in fy 2014 by 28 Arab Today, arab today japan raises defence spending budget in fy 2014 by 28

 



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