Japan has announced the loosening of its voluntary prohibition on arms exports to allow more joint development and production of weapons with other countries.

This step cuts procurement costs and energises the domestic defence industry by plugging joint development and production of arms like next-generation fighter jets, with the US and Europe, according to a Nikkei newspaper report.

Japan believes that these kinds of joint development programmes cut the purchasing cost of major equipment such as jets, the Nikkei report added.

Excluding the joint development of a missile defence system with the US and for special cases, Japan currently bans almost all weapons exports.

The country would, however, continue to prohibit arms exports to countries that are state sponsors of terrorism, violate human rights or lack sufficient controls over arms sales.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.