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Japan to help defense industry tailor exports, eyeing security ties

New legislation to assist companies win overseas buyers and keep know-how alive

Countries including the United Arab Emirates have expressed interest in Japan's C-2 transport, but no contracts have been signed so far. (Photo by Suzu Takahashi)

TOKYO -- Japan plans to create a new fund to help defense contractors customize exports to local needs under new legislation approved by the cabinet Friday as part of efforts to bolster the nation's shrinking defense industry.

Since fiscal 2020, the Ministry of Defense has partnered with trading houses and defense companies to identify potential demand for defense equipment in countries like India and Vietnam. Ships and communications equipment are believed to be of particular interest.

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