Japan must hedge currency risk to avoid defense funding crisis

Jonathan Grady is the founding principal of The Canary Group, an artificial intelligence-driven forecasting service based in New York.

Japan's biggest defense buildup since World War II is facing a significant funding crisis. Unforced financial errors and fragile planning have left a substantial gap in Japan's defense spending ambitions. To secure its defense planning and maintain its credibility, the government must adopt pragmatic financial policies.