SYDNEY—The Japanese defense ministry has requested a 2.4% rise in funding to ¥4.9 trillion ($47.2 billion) for the fiscal year beginning April 1, 2015. The proposed budget includes funding for Lockheed Martin F-35s for the Japanese air force as well as funding for a seventh and eights Aegis destroyer for the navy. The ministry wants to spend ¥41.2 billion to advance technology for a future fighter, including a radar with an active electronically scanned array (AESA) that could ...

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