Japan approves extra defence spending amid concerns over China’s rising power

The Japanese government has signed $ 6.8bn in security spending as new Prime Minister Fumio Kishida expresses concern over China’s rise to power.

In the event of a crisis that causes security costs to remain high for many years as part of the national budget, Japan will bring in purchases of guard and landing planes from next year’s budget.

The ruling reflects Tokyo’s growing concern over the crisis across the Taiwan Strait and Kishida’s desire to send a clear statement on defense spending to the Biden government in Washington.

“With the threat to national security in our country is growing more than ever.

It also said that the money spent would strengthen the country’s defense against ballistic missiles, where the threat comes from North Korea’s nuclear weapons, and around the islands of southwestern Japan.

Although Japan often spends extra money on economic development, it does not often include capital expenditures. The Kishida package will cover the total defenses this year to 1.13 percent of all household items – across the unstructured 1 percent range and make war spending the highest since the 1950s.

In his manifesto last month’s election, the ruling Liberal Democratic Party Kishida has promised to increase defense spending to 2 percent of GDP, in response to the demands of lawmakers.

That goal may not be achieved anytime soon, given the cost of the elderly population in Japan and its huge debt, but the money spent will allow Kishida to show that he is trying to keep his promise.

In 2022, the defense ministry is asking for a 7 percent increase in funding compared to the original 2021 budget, although that amount could be reduced to reflect what has been bought in the supplementary budget.

Among the items Japan will buy early are the Patriot missile launchers, which provide a last resort to defend themselves against any North Korean invasion, and land-based missiles to protect weapons from the southwest islands.

It will also purchase three P-1 naval aircraft – which allow Tokyo to monitor the movement of Chinese troops into the waters around Japan – as well as additional torpedoes and anti-submarines.

However, a large portion of the funds are set aside for pre-payment to Japanese security contractors, to help them deal with the epidemic. This reflects Tokyo’s desire to support its industrial base, as well as the progress of the expansion budget, which is outside the regular defense plans of the Ministry of Defense.

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