Japan Foreign Min. Seeks 1.2-T.-Yen Budget for FY 2027
Tokyo, Aug. 31 (Jiji Press)--Japan's Foreign Ministry said Monday that it seeks a budget of 1,216.5 billion yen for fiscal 2027, up 48.9 pct from the fiscal 2026 initial budget, as it moves to bolster strategic cooperation with like-minded countries. The ministry said it has consolidated funds it would have included in supplementary budgets into its regular budget request. It plans to ma...
Japan's Foreign Ministry has requested a budget of 1.2165 trillion yen for fiscal 2027, marking a 48.9% increase from the initial budget allocated for fiscal 2026, according to a report on Aug. 31 by Jiji Press. The ministry's goal is to enhance strategic cooperation with countries that share similar perspectives. To achieve this, they have consolidated funds that would have been included in supplementary budgets into their regular budget request.
The ministry intends to utilize security-related official development assistance (ODA) and official security assistance (OSA), which involves providing defense equipment free of charge to like-minded nations. They aim to secure 157.6 billion yen for an item specifically designed to create a security environment beneficial to Japan.
This item will primarily consist of security-related ODA and OSA, which play significant roles in this budget category. While Japan has previously provided aid through ODA projects that contribute to security, the ministry plans to establish a dedicated framework for security-related ODA to better define its objectives.
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