Ukraine has adopted a record defense budget of $56 billion
Kyiv • UNN
Japan has increased its military budget for 2024 to $56 billion, up 16.5 percent from 2023, amid concerns about military expansion by China and Russia. The budget will fund defense technology upgrades, including hypersonic missiles and Aegis destroyers.
Japan has increased its military budget by a record its military budget for 2024. In particular, the country plans to spend a record 56 billion dollars on defense a record $56 billion, which is 16.5% more than in 2023. This was announced on Friday, December 22, Kyodo News reported, according to UNN.
The decision was was made as part of a five-year plan to modernize the country's defense posture. Є fears that China and Russia are building up their military power and pose a a threat to Japan's security
It is indicated that part of the of the money will be spent on developing new military technologies and modernizing of existing ones.
Among other things, Japan in 2024, Japan is planning to:
- to modernize the version of the
- of the Type-12 surface-to-ship guided missile with an extended
- range of up to 1000 kilometers
- to spend more than 80 billion
- yen ($56 million) for the development and production of hypersonic rockets
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