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Economy News

The Economic Times

Economy / The Economic Times

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Latecomer Japan eyes slice of rising global defence spending

Japan has ended its long-standing ban on exporting lethal weapons. This move aims to position the nation in the global defense market. While challenges exist, including capacity and workforce shortages, Japan's focus on high-tech sectors could be advantageous. At a time when the international defence market is offering more opportunities, Japan's strategic shift has drawn attention.

3 May 2026 8:57 am