Soaring expectations test Japan defense stocks in 2025

Industry chiefs warn against quick results in exports, especially with Trump uncertainties

20241227 GCAP

The Global Combat Air Programme, a sixth-generation fighter jet, is being jointly developed by Japan, the U.K. and Italy, and marks the first time Japan has become involved in a multinational defense program.

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- Japanese defense manufacturers are cautiously optimistic about 2025, having scored some of the Tokyo market's biggest gains in 2024.

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