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Simultaneously, North Korea's reckless missile testing and nuclear ambitions present imminent threats. A 2023 Japanese defense white paper underscored the perception of North Korea as a substantial security challenge, prompting the need for increased military expenditures to enhance Japan's self-defense arsenal.
A Bold New Defense Budget
Responding to these threats, Japan's Ministry of Defense has proposed a record-high budget of $52.9 billion for 2024. This budget seeks to enhance the Japan Maritime Self-Defense Force (JMSDF) and includes allocations for advanced naval capabilities, new fighter jets, and enhanced ballistic missile defense systems. The emphasis on naval strength reflects Japan's understanding that both China and North Korea pose maritime threats.