The newest Japanese naval shipbuilding program
provided in the building of two cruisers, two aircraft carriers. 14 destroyers
and four submarines, all to be completed in 1937-1938. There were also to be
built several auxiliary ships including 3 oil tankers, a repair ship, 4
submarine chasers, 1 minelayer and 16 small torpedo boats for which the London
Naval Treaty had no limits. There were also some elder units to be rebuilt. The
naval budget for 1934-1935 of 487.000.000 yen for the regular expenses was
approved as was the budget for renewal 1937-1938 of another 431.000.000 yen.
The Japanese navy had asked 680.000.000 yen respectively 670.000.000 yen.
Note
1. Agreement between United
Kingdom, United States,
Japan, Italy and France dated 27 October 1930 to
limit and reduce naval armament.
