By Tim Kelly and Nobuhiro Kubo TOKYO (Reuters) - Japan's defense ministry on Thursday sought $160 million in a record budget request to develop swift, longer-range missiles to extend its military punch in East Asia, countering growing Chinese strength and an increasing North Korean threat. If approved, the proposal for a rise of 2.5 percent in defense spending to 5.26 trillion yen ($48 billion) for the year starting April 1 would be the sixth straight annual increase as Prime Minister Shinzo Abe bolsters the military. The funds will pay for ballistic missile defense upgrades, six F-35 stealth fighters, four V-22 Osprey tilt rotor troop carriers, besides orders for new naval vessels, including a submarine and two compact warships.
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Fecha: August 31, 2017 at 05:30AM
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