• Reuters

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The government may accelerate around ¥100 billion in planned spending to upgrade Japan’s ballistic missile defenses in the wake of rocket tests suggesting North Korea is close to fielding a more potent medium-range missile, according to three sources.

The outlays, currently in a budget request for the fiscal year starting April, include money to assess a new missile defense layer — either Lockheed Martin Corp.’s Terminal High Altitude Area Defense (THAAD) system or Aegis Ashore, a land-based version of the ballistic missile defense system already used by vessels in the Sea of Japan.

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