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Aerospace & Defense Industries

Japan passes defense subsidy bill to stop industry bleeding

Over 100 companies have left the sector in 20 years

An exhibit at this year's DSEI Japan defense show: Tokyo seeks to upgrade its defense capabilities, but its domestic industry is shrinking.   © Reuters

TOKYO -- Japan passed legislation Wednesday to support the production and export of defense equipment, in an effort to stop the erosion of a domestic industry that struggles to match Western firepower.

The law provides for subsidies for expanding production and improving efficiency, as well as to cover cybersecurity and business succession costs.

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