The US Air Force has estimated that export version F-22 fighters would cost Japan about $250m each if the present US ban on its export is lifted.
The F-22, US defence classified equipment, is a multi-mission fighter that can simultaneously carry out air-to-air and air-to-ground combat missions in face of multiple airborne and ground-based threats.
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Japan has long been interested in buying two squadrons of its own F-22s that translates into orders for 40 to 60 fighters.
The US Air Force is no longer opposed to F-22 exports and is planning to lift the ban in the face of recent North Korean missile launches, continued interest by Japan and the impending shutdown of the F-22 production line, Reuters reports.
The export may also open up the possibility for resuming F-22 production for the US Air Force in future, which is expected to halt in 2009 with production of 191 planes due to budget constraints.
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Japan seems to be willing to pay the cost of modifying the sophisticated fighter jets for export that would amount to about $1bn, Reuters says.
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