Japan defence ministry seeks $50 billion budget | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
June 30, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, JUNE 30, 2025
Japan defence ministry seeks $50 billion budget

Global Economy

BSS/AFP
31 August, 2021, 02:20 pm
Last modified: 31 August, 2021, 02:23 pm

Related News

  • Bangladesh signs $630m loan deal with Japan for Joydebpur-Ishwardi rail project
  • Japan scraps US meeting after Washington demands more defense spending: FT
  • Japan and US trade negotiators spoke again on Saturday: Japan gov't
  • Washington bracing for tanks, weaponry for Trump's military parade
  • Trump and Japan PM discuss tariffs, Israel's attacks against Iran

Japan defence ministry seeks $50 billion budget

The ministry is asking for 5.48 trillion yen ($50 billion) in the fiscal year from April 2022, up from the 5.3 trillion yen that was eventually approved for the ongoing year to March

BSS/AFP
31 August, 2021, 02:20 pm
Last modified: 31 August, 2021, 02:23 pm
FILE PHOTO: Japan's Maritime Self-Defence Forces listen to a speech during a visit by Japanese warship JS Samidare to the Jakarta International Container Terminal at Tanjung Priok port in Jakarta, Indonesia, May 8, 2019. REUTERS/Willy Kurniawan/File Photo
FILE PHOTO: Japan's Maritime Self-Defence Forces listen to a speech during a visit by Japanese warship JS Samidare to the Jakarta International Container Terminal at Tanjung Priok port in Jakarta, Indonesia, May 8, 2019. REUTERS/Willy Kurniawan/File Photo

Japan's defence ministry on Tuesday unveiled a $50 billion budget request as the country keeps military spending at record levels in the face of growing threats from China and North Korea.

The military budget has been rising steadily for about a decade, and the defence ministry's latest request warns that "the security environment surrounding our country is increasingly severe."

The ministry is asking for 5.48 trillion yen ($50 billion) in the fiscal year from April 2022, up from the 5.3 trillion yen that was eventually approved for the ongoing year to March.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The figure is slightly down though from the amount the ministry initially requested last year, a record 5.49 trillion yen.

The budget request envisions Japan building five military ships and a submarine, and purchasing 12 F-35 fighter jets.

The ministry also said it aims to boost the nation's defensive capabilities in space and cybersecurity.

Tokyo's military readiness is mainly concerned with growing threats from Beijing and Pyongyang, said Hideshi Takesada, a defence expert and visiting professor at Takushoku University.

"The military strength of the People's Liberation Army of China is growing faster than we thought ... while threats from North Korea's missile and nuclear development have never really diminished," Takesada told AFP.

China's military spending has risen in tandem with its growing economy and has seen an increase for 26 consecutive years, reaching an estimated $252 billion in 2020, researchers have said.

Meanwhile, the International Atomic Energy Agency says North Korea appears to have restarted its plutonium-producing reprocessing reactor in a "deeply troubling" development, a possible sign Pyongyang is expanding its banned weapons programme.

Japan's growing defence budget is also the result of pressure from the United States to play a bigger role in regional security as US-China tensions rise, Takesada said.

"As long as Japan's current conservative government remains in power, the nation's defence budget is expected to remain high," he added.

In an annual defence paper released last month, Japan said US-China tensions over Taiwan are an increasingly urgent issue that threatens regional stability.

Beijing considers Taiwan part of its territory and has ramped up diplomatic, military and economic pressure on the self-governed island in recent years.

The United States has reacted strongly to Beijing's pressure campaign, putting US ally Japan in a tough position between two world powers that are both key trade partners.

But Japan has been increasingly vocal about China's maritime expansion and military build-up, publicly protesting about the presence of Chinese vessels around disputed islets known as the Senkaku by Tokyo and the Diaoyu by Beijing.

This month, Taiwan and Japan's ruling parties organised security talks for the first time, in a moved that was condemned by Beijing.

Top News / World+Biz

Japan / Military / Defence Budget

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Chief Adviser Muhammad Yunus and US Secretary of State Marco Rubio. Photos: Collected
    US secretary of state holds phone call with CA Yunus, discusses economic ties, Indo-Pacific security
  • Representational image. File photo: TBS
    Ships depart, cargo operation in full swing as Ctg port starts clearing containers
  • NBR Office in Dhaka. File Photo: Collected
    NBR officers should captain revenue authority, businesses tell finance adviser

MOST VIEWED

  • Return to work or face stern action, govt warns protesters as NBR jobs declared 'essential services'
    Return to work or face stern action, govt warns protesters as NBR jobs declared 'essential services'
  • Representational image. Photo: UNB
    After 58 yrs, Ctg getting two new govt schools
  • Remittance inflow hits record $30b in FY25
    Remittance inflow hits record $30b in FY25
  • Officials of the NBR, under the banner of the NBR Unity Council, continued their protest on Sunday since 9am. Photo: Syed Zakir Hossain/TBS
    NBR staff call off protest as govt goes tough
  • Record $30b remittance lifts reserves to $26b
    Record $30b remittance lifts reserves to $26b
  • A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. Chevron will report earnings on April 26. REUTERS/Mike Blake
    Chevron to resume Jalalabad gas project after Petrobangla clears $237m dues

Related News

  • Bangladesh signs $630m loan deal with Japan for Joydebpur-Ishwardi rail project
  • Japan scraps US meeting after Washington demands more defense spending: FT
  • Japan and US trade negotiators spoke again on Saturday: Japan gov't
  • Washington bracing for tanks, weaponry for Trump's military parade
  • Trump and Japan PM discuss tariffs, Israel's attacks against Iran

Features

Illustration: TBS

Ulan Daspara: Remnants of a fishing village in Dhaka

1h | Panorama
Photo: Collected

Innovative storage accessories you’ll love

1d | Brands
Two competitors in this segment — one a flashy newcomer, the other a hybrid veteran — are going head-to-head: the GAC GS3 Emzoom and the Toyota CH-R. PHOTOS: Nafirul Haq (GAC Emzoom) and Akif Hamid (Toyota CH-R)

GAC Emzoom vs Toyota CH-R: The battle of tech vs trust

1d | Wheels
Women farmers, deeply reliant on access to natural resources for both farming and domestic survival, are among the most affected, caught between ecological collapse and inadequate structural support. Photo: Shaharin Amin Shupty

Hope in the hills: How women farmers in Bandarban are weathering the climate crisis

1d | Panorama

More Videos from TBS

What are the problems with foreign investment in the renewable energy sector in the country?

What are the problems with foreign investment in the renewable energy sector in the country?

17m | TBS Today
News of The Day, 30 JUNE 2025

News of The Day, 30 JUNE 2025

2h | TBS News of the day
Trump's trade deal with China almost finalized

Trump's trade deal with China almost finalized

47m | Others
Empty pistol magazine in Advisor Asif's bag just a mistake: Home Affairs Advisor

Empty pistol magazine in Advisor Asif's bag just a mistake: Home Affairs Advisor

3h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net