Japan’s domestic move and its profound international impact - BusinessWorld Online

Japan’s domestic move and its profound international impact - BusinessWorld Online

This month, the ruling party in Japan, the Liberal Democratic Party, recommended the scrapping of limits confining the sale of arms to five categories — transport, relief and rescue, early warning systems, surveillance, and minesweeping. Defense equipment transfers will now be permitted without sectoral restrictions, significantly expanding the possibilities for security and defense cooperation with like-minded countries. Three Principles govern…