Debt-riddled Japan relaxes decades-old arms exports ban
Japan on Tuesday relaxed its self-imposed decades-old ban on military equipment exports in a move that will open new markets to its defence contractors and help the nation squeeze more out of its defence budget.
The government's security council agreed to the relaxing of the ban to allow Japan to take part in the joint development and production of arms with other countries and to supply military equipment for humanitarian missions, Chief Cabinet Secretary Osamu Fujimura said at a news conference. (Reuters)
