TOKYO (Reuters) – Japan is seeking proposals for a new advanced jet fighter based on an existing Western aircraft and wants American and British cooperation to help kick-start development of the project, which is estimated to cost around $40 billion, three sources said.

FILE PHOTO: A prototype of the first Japan-made stealth fighter X-2 Shinshin, formerly called ATD-X, takes off to mark its maiden flight at Nagoya Airfield, also known as Komaki Airport, in Toyoyama town, Aichi prefecture, Japan, in this photo taken by Kyodo April 22, 2016. Mandatory credit

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