At the end of the Cold War, Soviet attack submarines were capable of moving at higher speed and diving at lower depth, rendering the torpedoes used by US navy and the JMSDF, like the Mk-46 torpedo, less able to deal with them. So a new type of torpedo needed to be developed.

The US launched a new type of torpedo, the Mk-50 using an infrared detector and a closed-loop pump with an integrated processing unit for analyzing underwater sound waves for target acquisition. This type of torpedo can also be used to intercept other torpedoes. Soviet submarines, however, have developed adaptive capabilities, such as the use of trap baits and interference of the detection system, making it harder for the torpedo to find its target.

In 1989 a new torpedo project by Japan, G-RX4, was launched to develop the necessary upgrades and start making prototypes. By 1997 the new torpedo was approved and put into service and is called the Type 97. The torpedo is now equipping the JMSDF P-1 and P-3 ASW aircraft as well as filling the Mark 32 torpedo tubes on surface ships.

• APR-3E torpedo - Russian equivalent
• A244-S - Italian equivalent
• Mark 54 Lightweight Torpedo - US Navy's equivalent
• MU90 Impact - French/Italian equivalent
• TAL Shyena - Indian equivalent
• Yu-7 torpedo - Chinese equivalent
• K745 Blue Shark - South Korean equivalent
• Sting Ray (torpedo) - British equivalent

• 97式短魚雷
• 防衛白書（画像）