Business News

Japan's military seeks record spending to reinforce N.Korea missile defenses

Key Points
  • Japan's military has asked for another increase to its annual budget.
  • A $2.1 billion request has been made for two ground-based radar missile tracking stations built by Lockheed Martin.
  • Other big buys include six Lockheed Martin F-35 stealth fighters.
Japanese Prime Minister Shinzo Abe (L) and US President Donald Trump speak at Trump's Mar-a-Lago resort in Palm Beach, Florida, on February 11, 2017.
Nicholas Kamm | AFP | Getty Images

Japan's military wants record spending next year to help pay for major upgrades to defenses designed to shoot down North Korean ballistic missiles that Tokyo sees as a continued threat despite Pyongyang's promise to abandon nuclear weapons.

The Ministry of Defence budget proposal released on Friday calls for defense spending to rise 2.1 percent to 5.3 trillion yen ($48 billion) for the year starting April 1.

If approved, it will be the seventh straight annual increase as Prime Minister Shinzo Abe reinforces Japan's military to respond to any North Korea missile strike and counter China's growing air and sea power in the waters around Japan.

The proposed defense budget still has to face scrutiny by Ministry of Finance officials who may seek to curtail any rise in military outlays to secure funds for Japan's burgeoning health and welfare spending.

The biggest proposed outlay in the military budget will be on ballistic missile defense, with a request for 235 billion yen for two new powerful ground-based Aegis Ashore radar missile tracking stations built by Lockheed Martin Corp.

Japan's military also wants funds to buy longer-range Raytheon Co SM-3 interceptor missiles designed to strike enemy missiles in space and money to improve the range and accuracy of its PAC-3 missiles batteries that are the last line of defense against incoming warheads.

Mounting threat: Japanese F-15 jets are intercepting Chinese military planes daily.
Toru Yamanaka | AFP | Getty Images

Japan remains wary of North Korean promises to abandon its nuclear weapons and ballistic missile programs. The Ministry of Defense said in a white paper published on Tuesday Pyongyang remained Japan's "most serious and pressing threat". 

Other big buys include six Lockheed Martin F-35 stealth fighters for 91.6 billion yen and two E-2D Hawkeye early warning patrol planes built by Northrop Grumman. Japan's Maritime Self Defense Force also wants funding to build two new destroyers and a submarine worth a combined 171 billion yen.

Purchases of American-made equipment could help Tokyo ease trade friction with Washington as U.S. President Donald Trump pushes Japan to buy more American goods, including military gear, while threatening to impose tariffs on Japanese auto imports to cut a trade imbalance with Tokyo.

The defense ministry's latest budget request comes ahead of a possible meeting between Abe and Trump in September, when the Japanese leader is expected to attend the United Nations in New York.