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 Defense Minister hosted Australian counterpart Marles aboard the JS Mikuma, as Australia announced the selection of Mitsubishi's Mogami-class frigates for its navy. The deal enhances bilateral cooperation, supply chain ties, and regional stability amid rising tensions in the Indo-Pacific.
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.