Japan, Britain and Italy to Jointly Build Sixth Generation Fighter Jets

Japan, Britain and Italy to Jointly Build Sixth Generation Fighter Jets

• Japan has announced that it will jointly develop its next-generation fighter jet with the United Kingdom and Italy as it looks to expand defense cooperation beyond its traditional ally, the United States. The Mitsubishi F-X fighter jet will replace the aging fleet of F-2s that Japan previously developed with the United States.
• To meet the five-year spending total of 43 trillion yen (USD 316 billion), the government will need an extra 4 trillion yen (USD 30 billion) in defense spending annually. Of that, a quarter will be funded through tax increases.
• Japan and Australia held 2+2 security talks of their foreign and defense ministers in Tokyo to discuss further deepening military ties after Kishida and Australian Prime Minister Anthony Albanese signed a new bilateral security agreement in October. It covers military, intelligence and cybersecurity cooperation amid China’s growing assertiveness.

November Weekly Current Affairs (Economy) Bitbank: Which country is the second largest producer of steel in the world?

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Published date : 10 Dec 2022 05:50PM