Japan to raise defence budget to counter North Korea: report

As North Korea keeps firing missiles to provoke its critics, Japan is planning to earmark 5.19 trillion yen ($46 billion) for defence budget for the next fiscal year, business daily Nikkei says. The outlay will top the 5.12 trillion yen budget for the current fiscal year. The defence ministry is planning to introduce the US military’s Aegis Ashore land-based missile interceptor system to counter the threat posed by North Korea. The increased defence budget will cover the installation costs for Aegis Ashore. Last week, Japan’s defence minister Itsunori Onodera hinted at plans to purchase cruise missiles with a range of 900km from US firms.