The oil exploration fund has lost about 8000 million dollars of the 1.25 billion dollars entrusted to it.
Japan has two compete space programs launching virtually identical rockets.
It spent over 2 billion dollars to develop the H2 rocket. Each H2 launch costs 120 million dollars, as opposed to launches of Arianne or Atlas which run in the 40 to 60 million dollar brackter, or Long March II, which is about 40 million dollars. In eight launches of the H2, six have been failures, none of which is covered by insurance. In the budget request presented to the LDP Defense appropriation committe on August 24th was a request to replace the P-3C Orion. Neither engines, software or airframe exist.