Here are five points on how it will benefit Japan:
The counter strike capabilities will allow Tokyo to hit ships and strike targets 1,000 km away with land or sea-launched missiles, according to news agency Reuters. This means the country will increase the range of its missiles that can currently fly a few hundred kilometres at most.
Tokyo will spend about $37 billion on boosting counterattack capabilities, such as by extending the range of its ground-launched Type 12 anti-ship missiles by 2027. It also plans to develop other missiles, including hypersonic weapons.
The new strategy will also include buying ship-launched, US-made Tomahawk missiles. According to Yomiuri newspaper, the country wants as many as 500 of the cruise missiles, which can fly 1,250km. Japan will also double its defence budget to about two per cent of its GDP.
Of the total outlay, $7 billion will go towards strengthening cyber warfare operations and another $7 billion towards developing space capabilities, said the Reuters report. Another $6 billion will go to developing next-generation fighter jets with Britain and Italy.
The security overhaul will also lead to increase in munition supplies and depots. According to Yomiuri, Japan plans to build about 70 munitions depots within five years and 130 by 2035. This will address concerns raised by defence experts that Japan has too little ammunition for a lengthy conflict, the outlet further said.
Featured Video Of The Day
13 Indians Among 16 Crew Members Missing After Oil Tanker Capsizes Off Oman
Japan Footballer Kaishu Sano Arrested For Alleged Sex Assault: Reports Japanese AI Startup Turns Dating AI Into Reality Japanese Political Candidate Strips In Video To Win Votes, Asks Viewers If She's ''Sexy'' 25,000 Aspirants For Airport Jobs Paying Rs 22,000: A Mumbai Stampede Scare In Puja Khedkar's Disability Certificate, A Factory Address, Many Questions "Back To Square One": Arvind Kejriwal's Lawyer Seeks Bail, Slams CBI Arrest Bihar Man, His 2 Daughters, Stabbed To Death By Girl's Lover: Police "Bizarre Reason" Why No Sniper Was On Roof Where Trump Shooter Was Hiding Prank Goes Wrong: Woman Falls From 3rd Floor In Building Near Mumbai, Dies Track Latest News Live on NDTV.com and get news updates from India and around the world.