Japan's Defense Industry Poised for Expansion Amid Global Demand
Japan is set to expand its defense industry as it eases long-standing restrictions on arms exports. This move comes at a time when global military spending has reached a record $2.89 trillion, driven by ongoing conflicts such as the Russia-Ukraine war. Japan's defense sector, known for its advanced technology, is expected to capitalize on the increasing demand for weapons like air defense missiles and armored vehicles. The country is also developing the Global Combat Air Programme fighter jet in collaboration with Britain and Italy, which is anticipated to replace existing fighter models in these countries. Japan's strategic focus will likely include maritime domain awareness and air defense systems. 
