11 June 2013

News Story: Japan Might Delay F-35 Purchases


By PAUL KALLENDER-UMEZU

TOKYO — Former Japanese Defense Minister Satoshi Morimoto, the architect of Japan’s decision to purchase F-35 joint strike fighters to boost Japan’s deterrence against China, now believes cost pressures caused by the recent plummeting value of the yen could delay the rate of annual purchases for the country’s planned buy of 42 fighters.

In an interview with Defense News, Morimoto, who served as Japan’s defense minister until December and is one of Japan’s leading defense experts and strategists, said he now believes the Defense Ministry may be forced to delay annual purchases of F-35s, should the yen continue to hover around 100 to the US dollar.

Read the full story at DefenseNews