Country Risk

MHI welcomes changes to Japanese export law

02 April 2014

Japan's biggest defence company, Mitsubishi Heavy Industries (MHI), has welcomed Tokyo's decision to ease the country's long-standing ban on exports of locally made military equipment.

MHI said in a statement on 2 April that the new guidelines, called the 'three principles on arms transfers', indicate that Japan "recognises a need to strengthen its defence production and technology base".

MHI added that it would "strive to comply" with the new guidelines and the government's requirement to oversee all military exports or Japanese industry's involvement in international defence production and development programmes.

The guidelines - approved by Japan's cabinet on 1 April - replace the 'three principles on arms exports' that were introduced in the 1960s and evolved to ban exports of all Japanese military equipment.

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