Mitsubishi Heavy leads Japan's defense-sector rally as market roils

Contractors benefit from higher military spending in tenser world

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Submarines are among the defense hardware that Mitsubishi Heavy Industries builds for Japan's Self-Defense Forces. (Photo by Naoki Hori)

KENTARO TSUTSUMI and MAYUMI KUZE, Nikkei staff writers

TOKYO -- With the Japanese stock market at a volatile juncture, such defense contractors as Mitsubishi Heavy Industries have been enjoying an influx of funds from investors heartened by the sector's stable growth prospects.

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