The Freeland File
Aerospace & Defense
Global Market Data
Lucy P. Marcus
The Great Debate
Macro & Markets
Lipper Awards 2012
Personal Finance Video
Our best photos from the last 24 hours. Slideshow
Best photos of the year 2012
Download our Wider Image iPad app
Tanker hits San Francisco Bay Bridge: Coast Guard
07 Jan 2013
Exclusive: Disney looks for cost savings, ponders layoffs - sources
07 Jan 2013
Israeli minister warms to choice of Hagel for Pentagon
The Kraken wakes: first images of giant squid filmed in deep ocean
In India, questions over decision to treat rape victim overseas
Gun purchasers set new record in December: FBI
House Republicans weigh last-ditch challenge to fiscal deal
Obama says U.S. can’t afford more showdowns over debt, deficits
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Colorado shooting: Looking back
Prosecutors will outline their murder case against James Holmes in a preliminary hearing. Slideshow
Depardieu gets Russian citizenship
Putin has granted citizenship to Gerard Depardieu, the French movie star who is quitting his homeland to avoid a tax hike on the rich. Slideshow
Japan to revise defense policy by end 2013: paper
Ex-governor in North Korea with Google chief; seeks American's release
Mon, Jan 7 2013
South Korea says Japan must heal wounds of wartime excesses
Fri, Jan 4 2013
New Japan PM to send envoys to South Korea amid territory dispute
Fri, Dec 28 2012
Yen extends weakness; dollar slips as U.S. fiscal talks eyed
Thu, Dec 27 2012
Yen flirts with two-year lows on new Japan government expectations
Wed, Dec 26 2012
Analysis & Opinion
A yen for emerging markets
Is New Jersey fiscally imploding?
Japan Maritime Self-Defense Force's (JMSDF) Aegis destroyers Myoko (L) and Kongo sail off from the JMSDF Sasebo base in Sasebo, southern Japan, in this photo taken by Kyodo December 6, 2012.
Mon Jan 7, 2013 8:17pm EST
TOKYO (Reuters) - Japan will revise its defense policy and weapons purchase plan by December, the Yomiuri newspaper said on Tuesday, as Prime Minister Shinzo Abe's new government grapples with heightened tensions with neighbors China and North and South Korea.
Japan's current defense policy, compiled two years ago under a Democratic Party government, calls for cuts in the defense budget and army headcount, but hawkish Abe wants to boost defense spending and personnel.
Abe, 58, led his Liberal Democratic Party to a landslide victory in the December 16 election partly on a nationalist platform, saying he wants to loosen the limit of Japan's 1947 pacifist constitution on the military.
Japan's defense budget fell for the 10th straight year to 4.65 trillion yen ($53 billion) in the fiscal year ending in March, reflecting the constraints of the nation's huge public debt, which is the worst among major economies at twice the size of its annual economic output.
The Yomiuri said government will shelve the current National Defense Programme Guideline, which lays out defense policy for the next 10 years, and the defense gear shopping list for the next five years, while compiling new ones by December.
It also said the government plans to boost Japan's defense budget by more than 100 billion yen for the year starting in April, the first rise in 11 years, to fund fuel and repair costs for patrol planes and research on radar technology.
Sino-Japanese relations deteriorated sharply since the Japanese government bought disputed East China Sea islets from a private Japanese owner last September, triggering violent protests across China.
Japan's Defense Ministry has scrambled F-15 fighter jets several times in recent weeks to intercept Chinese marine surveillance planes approaching the disputed islands near Taiwan. The islands are known as Senkaku in Japanese and the Diaoyu in Chinese.
Japan's relations with South Korea frayed badly last August after outgoing President Lee Myung-bak visited a disputed set of islands known as Takeshima in Japan and Dokdo in Korea. While North Korea's long-range rocket launch last December has again raised tensions in the region.
(Reporting by Kiyoshi Takenaka; Editing by Michael Perry)
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Back to top
New York Legal
Support & Contact
Connect with Reuters
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
About Thomson Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.