The Japanese Defense Ministry on Thursday requested its largest-ever defense budget following record defense spending last year in response to threats from China, North Korea and Russia.
The ministry asked for a $53 billion military budget for fiscal 2024, a roughly 12% increase.
The higher spending on defense is consistent with Prime Minister Fumio Kishida's new National Security Strategy and National Defense Program that calls for a five-year military spending amount of $315 billion.
The defense spending plans include a new joint headquarters to command Japan's three military branches and a munitions stockpile for protracted war.
The spending plan seeks greater "standoff" and counterstrike capabilities, missiles that can be launched from outside the range of enemy fire, better military transport and deployment capacity and two new Aegis missile destroyers.
