Japan Approves Record Defense Budget as North Korea Looms
- Long-range missiles and new missile defense shield included
- Budget edges up to 5.2t yen in sixth straight increase
Photographer: Tomohiro Ohsumi/Bloomberg
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Japan’s cabinet approved a record defense budget of about 5.19 trillion yen ($46 billion), as the nation looks to bolster its capabilities amid North Korea’s growing missile and nuclear weapon threats.
A third layer of ballistic-missile defense and Japan’s first long-range missiles are on the shopping list. North Korea detonated its sixth -- and most powerful -- nuclear device in September, and late last month launched a new intercontinental ballistic missile that it claimed completed its nuclear force.