Gov Tech

Japan’s tech sector Ready for Takeoff as New PM Shakes Up Defence Industry

With Sanae Takaichi at the helm, Japan is gearing up for a dramatic shake-up in its defence sector that would resonate across the tech sector and redefine business opportunities for tech companies nationwide. According to a report by Bloomberg, the newly elected government has revealed plans to liberalize export controls, boost weapons-production capacity and transform Japan into a defence manufacturing global power. A Strategic Transition in Defence and Technology Japan's defence sector has traditionally been subject to rigorous restrictions: bans on the export of lethal weapons abroad, a tiny percentage of world arms exports and a home market focused primarily towards the self-defence forces in place of international competition. Takaichi's plan will break down these barriers. By 2026, the government will end outdated export bans. They will also boost defense…