JAPAN: Defense Ministry modifies equipment procurement policy

Defence and Security

A new strategy has been adopted by Ministry of Defense (MoD) to amend the procurement process for defense equipment, reinstating a 44 year old strategy that aimed on domestic development.

In order to boost the economy and the international competitiveness of Japan’s defense industry, the new policy tends to encourage collective development of defense equipment and technologies with other nations.

Defense Minister, Itsunori Onodera, commented there is a strong need for Japan to upgrade its defense equipment and technologies to match up with the rest of the world.

The change in focus comes at a duration when high-tech defense equipment, like stealth fighters, is mainly being developed involving numerous countries under joint projects.

Japan faced deflation blow in April, finally abated its blanket ban on exports of defense equipment to encourage joint development with other nations and target the lucrative arms market.Read complete story at http://www.tendersontime.com/blog-detail/japan-defense-ministry-modifies-equipment-procurement-policy-62.php