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Japanese defense stocks climb on export boost
The Japanese government plans to establish a new office within the Ministry of Defense to enhance international defense cooperation and support the export of military equipment, as part of its efforts to strengthen its defensive capabilities amid the deteriorating regional security environment. The proposal is expected to be included in the annual policy principles, and a bill will be introduced to amend regulations during the upcoming parliamentary session, marking the first organizational expansion of the ministry since 2007. Japanese defense companies' stocks significantly increased following this announcement.
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