Prime Minister Fumio Kishida has instructed his defense and finance ministers to earmark a total of about 43 trillion yen for defense spending under the nation's Medium Term Defense Program over the five years from fiscal 2023.
During a meeting with Defense Minister Yasukazu Hamada and Finance Minister Shunichi Suzuki on Monday, Kishida also once more expressed his intention to decide within the year on concrete measures to secure the financial resources for such spending in the coming five-year period and beyond.
Hamada revealed Kishida's instructions to the press after the meeting.
The 43 trillion yen in defense spending will be a significant increase from the about 27.47 trillion yen total for the current five-year midterm defense program from fiscal 2019.
"We'd like to facilitate coordination for securing financial resources, while consulting with the ruling parties with regard to both revenue and spending, including about such matters as expenditure reform, using reserve funds and tax measures," Suzuki told reporters.
With discussions on strengthening the nation's defense capabilities reaching their final stage, the government held a National Security Council meeting on Monday that involved the prime minister, defense and foreign ministers, and chief cabinet secretary to discuss the National Security Strategy. The ruling Liberal Democratic Party specified items to be included in the strategy in its own meeting on the day.
Bearing in mind the likelihood that the country will acquire counterattack capabilities, the government intends to include in the strategy the use of "standoff defense capabilities," which allow missiles to be launched from outside an enemy's range of defensive fire, and policies to significantly strengthen its maritime security capabilities.
The government also is considering including in the strategy research and development and the building and improvement of infrastructure that would contribute to the defense of the nation, and the establishment of a framework for "active cyber defense" to prevent serious cyberattacks in advance.
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