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Japan to Boost Military Spending in 2017 Fiscal Year to Record $46Bln

© AP Photo / Hugh GentryJapan Maritime Self-Defense Force (JMSDF)
Japan Maritime Self-Defense Force (JMSDF) - Sputnik International
Japan’s government plans to boost military spending in the next fiscal year, starting in April, to a record 5.1 trillion yen (roughly $46.4 billion).

TOKYO (Sputnik) — Spending on air defense capabilities will be one of priorities in the aftermath of North Korea’s frequent ballistic missile launches, Japan’s Mainichi daily newspaper said Friday.

A North Korean flag behind the barbed wire of the Demilitarized Zone (DMZS) in the Joint Security Area near Panmunjom on the border between North and South Korea - Sputnik International
South Korea, Japan Target Pyongyang With More Restrictive Measures
The money will be spent specifically on providing Japan’s self-defense forces with missiles capable of taking on ballistic missiles, as well as with spy submarines.

The government’s budget plan will also ramp up the security of the Senkaku islands in the South China Sea. They are referred to as the Diaoyudao Islands in China, which claims them for itself.

Japan has been ratcheting up its defense spending for five consecutive years amid rising security threat from North Korea and China’s assertive policy in the region. Tokyo spent 5.05 trillion yen in the ongoing fiscal year.

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