Defence Capital

A Japanese government-commissioned panel said in a report to Prime Minister Fumio Kishida that drastic defense buildup including the use of preemptive strike is indispensable to counter growing threats in the region. It called for the public's understanding to bear the financial burden for the defense of the country. Kishida's governing party wants to double Japan's current defense budget to about 10 trillion ($70 billion) in the next five years. The recommendations in the report, compiled by 10 independent experts and submitted to Kishida on Tuesday, said Japan needs to strengthen its economy to pay for military spending, while reinforcing the arms industry and research and development of dual-use cutting edge technology. Japan should improve commercial infrastructure for military use in an emergency and beef up cybersecurity, it said. Kishida earlier this year pledged to drastically reinforce Japan's military capability and spending in the face of China's increasingly assertive .

India's private defence firms had last campaigned for ERV protection after being bruised by the rupee's fall from Rs 44 a dollar in October 2010 to below Rs 56 just a few months later

This will help budget planners to close the fiscal gap in a year of massive outlay on the pay commission and capital spending