Japan Approves Record Defence Budget: $56bn

Japan Approves Record Defence Budget: $56bn

The Japanese Ministry of Defence plans to strengthen its forces fundamentally. Not only did it allocate a record defence budget for fiscal year 2024. It also invests in defence programmes. as the Japanese Cabinet approved $56 billion for fiscal year 2024. 

On Friday, the Cabinet approved a more than 16 per cent rise in defence spending in 2024, which will speed up the deployment of long-range cruise missiles capable of hitting targets in China and North Korea.

The 7.95 trillion yen ($56 billion) budget for the fiscal year beginning in March is in line with Prime Minister Fumio Kishida’s goal of doubling defence spending to the NATO standard of 2 per cent of GDP by 2027, and it falls under the government’s new security strategy, which it adopted a year ago.

One of Japan’s significant programmes to green light will be maritime. Japan will begin the construction of the first ship in the next fiscal year with a $2.59 allocated budget.

The defence ministry chose Lockheed Martin AN/SPY-7 solid-state radars (SSRs) for the two ASEVs over Raytheon’s AN/SPY-6 radar, which was initially built for US Navy warships outfitted with the Aegis Combat System. Japan’s four Kongo-class destroyers also use Lockheed Martin’s AN/SPY-1 radars. The ASEV is positioned as the cornerstone of Japan’s missile defence, primarily in response to North Korea’s ballistic missile threat. 

ASEV-Japan-TurDef.jpg

According to the ministry, the ASEV will be 1.7 times larger than the US Navy’s latest Flight III Arleigh Burke-class guided-missile destroyer.

The crew of the ASEV will number around 240, far lower than the Maya-class destroyer’s 300. The first ASEV is expected to be delivered to the Japanese Maritime Self-Defence Force (JMSDF) in 2027, followed by the second in 2028. 

The ASEV’s primary armament is similar to that of two Maya-class ships, with a Mk-45 (Mod.4) 5-inch/62-calibre (127mm) main cannon, SM-3 Block IIA and SM-6 missiles.

Starting in fiscal year 2032, the new ships will be outfitted with armament systems such as a long-range, ship-launched, enhanced version of the Type 12 Surface-to-Ship Missile (SSM), US-made Tomahawk cruise missiles, and high-power anti-drone laser systems, according to the defence ministry.

As of late August, the government forecasts each vessel’s construction cost to be around 395 billion yen.

 

FNSS