TOKYO -- Japan's Defense Ministry asked for a record 8.54 trillion yen ($58.4 billion) in its budget request for fiscal 2025 on Friday, up 7.4% from the initial fiscal 2024 budget, driven up by the cost of a satellite network for counterstrike capabilities, rising material prices and the weak yen.
Defense
Japan defense ministry seeks record $58bn budget
Acquiring counterstrike ability pushes up costs, along with inflation and weak yen
The budget requested by the Defense Ministry includes costs to reorganize space defense operations. (Japan's Ministry of Defense)
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