The Japanese government today approved a ¥5.34 trillion ($51.7 billion) defense budget for fiscal 2021 that includes funding for long range missiles, two new Aegis naval vessels and a next-generation fighter jet.
The draft budget is up 0.5% from fiscal 2020, including outlays linked to hosting the United States’ military bases, Kyodo News reported.
Japan; Government approves 2021 defense budget