Boston, MA -- (SBWIRE) -- 10/24/2014 -- 2014 has witnessed defence policy changes which carry significant implications from the national defence sector, and Japan's role in regional and international security. Notable, constitutional changes have edged Japan towards military normalisation, paving the way for a more active role in regional security. Meanwhile, the domestic defence industry is now permitted to export technology and is being actively encouraged to engage in international joint ventures, yielding fresh opportunities for the international defence market. In line with this increasingly assertive military policy, the Ministry of Defence has requested a record 3.5% budget increase, which will be used to fund major new acquisitions in maritime and air security.

After a decade of cuts to defence expenditure, Japan is seeking a third increase in its annual defence budget. The Ministry of Defence (MoD) has requested a JPY5.05tn (USD48.7bn) budget for FY2015, starting April next year. This represents a record 3.5% y-o-y budget increase, which will be used to finance the purchase of 20 maritime patrol aircraft, six stealth fighters, five tilt-rotator aircraft, and three unmanned aerial vehicles (UAVs), which is part of a wider five-year spending plan. Japan will build a Dynamic Joint Defence Force, which emphasises both soft and hard aspects of readiness, sustainability, resiliency and connectivity, reinforced by advanced technology and capability.

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In April 2014, the Abe government succeeded in revising constitutional restrictions on defence sector exports. We expect 2014 to see the first significant move within the new regulations when ShinMaywa signs a deal to sell 15 ShinMaywa US-2i Amphibious and Rescue (SAR) aircraft to India. The deal, expected when Prime Minister Modi visits Tokyo, will be worth USD1.65bn. The loosening on export restrictions will also allow Japan's defence companies to participate in some of the most technologically advanced joint ventures and to gain...

The Japan Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.

BMI's Japan Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Japanese defence and security industry.

Key Benefits

- Benchmark BMI's independent defence and security industry forecasts on Japan to test other views - a key input for successful budgetary and strategic business planning in the Japanese defence and security market.
- Target business opportunities and risks in the Asia defence and security sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Asia.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

Global and Regional Political Outlooks

A strategic overview of the world's major political risks, identifying countries facing leadership successions and nations at risk of upheaval, inter-state conflict or separatism and insurgencies, plus a summary of the world's 'wild card' low-probability high-impact risks.

SWOT Analysis

Snapshot evaluation of the major issues affecting the defence and security sectors, economy and politics, with issues subdivided into 'Strengths', 'Weaknesses', 'Opportunities' and 'Threats'.

Political Risk Assessment

Drawing on BMI's heritage of more than 25 years of Country Risk analysis, this comprehensively evaluates the key risks to domestic politics and foreign relations, focusing on issues most likely to affect either domestic security or the defence sector.

Security Risk Analysis

BMI's proprietary Security Risk Rankings provide a reliable - and country comparable - guide to conflict, terrorism and criminal risk, backed up by our analyst's latest assessment of each component. Furthermore, drawing on our country risk expertise, we assess the state's vulnerability to a serious - or prolonged - terrorist campaign.

Armed Forces Spending/Expenditure

The reports contain a detailed breakdown of areas of expenditure by the armed forces, these include spending on international deployments, WMDs and missile defence systems as well as individual breakdowns of the cost-per-soldier.

Domestic Security Overview

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