According to Nikkei news, Japan plans to propose a budget of approximately JPY 100 billion (about $628 million) to help domestic companies procure submarine cable-laying vessels, addressing risks such as rising costs. The Ministry of Internal Affairs and Communications will include related expenditures in its fiscal year 2027 budget request, scheduled for submission at the end of August. The ministry is considering covering about half of the vessel procurement costs, with each ship potentially costing over JPY 40 billion. Procurement costs continue to rise due to the depreciation of the yen and increasing raw material prices. Reportedly, this will be the first time Japan directly supports the procurement of submarine cable-laying vessels. In the fiscal year 2027 budget, the ministry plans to support the acquisition of three to five vessels, aiming to encourage private sector investment.
Japanese media: Japan plans to invest $630 million in purchasing submarine cable-laying vessels
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