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This is supposedly a joint Japan/US project using the Independence class as a starting point, although it seems to me to have inherited some features from at least one MSDF related project of the late '80s/early 90s. First of class to enter service in 2018, which would suggest that it's to be laid down in early 2015 (Heisei 27). I'm wondering if the MSDF will eventually end up using the old 'Kaibōkan' classification for these new vessels.
http://www.militaryphotos.net/forums/showthread.php?220361-US-and-Japan-to-jointly-develop-littoral-combat-vessel