Akey element of Japan’s planned defence budget spending, currently under strain through a national currency devaluation shock, will be the manufacture of two additional Mogami-class frigates, also known as the Future Frigate Multirole (FFM) platform.
Japan earmarked $50bn for defence in 2023, directing substantial investments towards naval vessels and surface combatant development. Despite economic challenges, Japan’s Ministry of Defence (MoD) has proposed a 17.2% increase in the 2024 defence budget.
According to analysis from GlobalData’s latest report, “Naval Vessels and Surface Combatants Market Size and Trend Analysis by Segments, Programs, Competitive Landscape and Forecast to 2033,” Japan’s Mogami-class procurement programme will account for about 10% of the total spending on frigates segment by countries in Asia-Pacific region over the period 2023-33.
Akash Pratim Debbarma, aerospace and defence analyst at GlobalData, stated: “China’s growing maritime influence over Japanese offshore territories and maritime boundaries poses a major threat to Japan’s strategic interests.
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