Mitsubishi Heavy Industries is in the news as Japan relaxes defense export rules and boosts military ties with allies, reflecting its key role in Japan’s defense industry.
Japan's ruling party plans to ease restrictions on defense exports, aiming to boost military capabilities and economic growth. The government intends to revise export principles and increase defense spending to 2% of GDP, amid rising regional security threats and a push for a more active military role.
Australia's defence and foreign ministers met US counterparts in Washington to discuss Indo-Pacific stability, critical minerals, and troop deployments. They highlighted progress on AUKUS and reaffirmed regional security commitments, amid rising tensions with China and Japan. The visit underscores Australia's strategic focus on regional alliances.