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Japan To Cover One Third of Cost

December 15, 2005 :: AP :: News

Japan will shoulder between one third and one half of the cost of building a joint missile defense shield with the U.S. According to officials inside Japan’s Defense Agency, Tokyo and Washington are still negotiating exactly how much each country will cover, although Japan expects to shoulder at least $1 billion of the estimated $3 billion total cost. A central element of the joint missile defense shield is the sea-based Standard Missile-3 interceptor, which will be deployed on Aegis destroyers to defend Japan from ballistic missile attack.

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