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Commentary: Japan lifts ban on arms exports – can it build the free world’s defence industry?
GLOBAL BOOM IN DEMAND FOR ARMSThere is a global boom in demand for arms as democracies feel increasingly under threat, while capacity at existing manufacturers is constrained by the need to replace stockpiles depleted by the wars in Iran and Ukraine.A new supplier, from a state increasingly viewed as the defender of Asia’s rules-based order and a leading figure in both heavy engineering and precision technology, is exactly what much of the world wants to see. Defence minister Shinjiro Koizumi said this week that Tokyo has received several expressions of interest.Australia’s multi-billion-dollar deal to buy Mitsubishi Heavy Industries-built Mogami warships…
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