Japan's Defense Industry Awakens: A New Era of Export Opportunities? The easing of Japan's decades old restrictions on arms exports has sparked excitement in the global defense community.
With military spending at an all time high of $2. 89 trillion, countries are seeking cutting edge weaponry. For Japan, this presents a unique opportunity to break into the lucrative international defense market.
Japan's "crown jewel" is the Global Combat Air Programme fighter jet developed with Britain and Italy.