Japan urges private banks to fund domestic defence firms
Defence Minister Shinjiro Koizumi is encouraging financial institutions to support domestic defence startups and manufacturers. The push follows the Development Bank of Japan's decision to remove investment restrictions on weapons makers to align with the country's updated export rules.
Xurve View
Xurve View
Japan urges private financial institutions to fund domestic defense following a state-backed lender's decision to lift weapons investment restrictions. Defense Minister Shinjiro Koizumi made the appeal on May 19 after the Development Bank of Japan ended its ban. The shift aims to prevent foreign companies from dominating defense-related investment in the country.
