(MENAFNEditorial)
Landmark constitutional changes in 2014 will continue to have a significant impact on Japan's defence policy and role in regional and international security in 2015. Key reforms to Article 9 of the constitution have opened the doors to the international market for Japanese defence firms who can now export defence systems and cooperate on joint ventures with international partners. In addition these constitutional changes have edged Japan towards military normalisation paving the way for a more active role in regional security. To make these amendments actionable 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.
Following a decade of defence cuts the Ministry is seeking its third successive defence budget increase in 2015. Military expenditure will increase to USD42.3bn for FY2015 starting April next year. The additional funding would be earmarked for the purchase of 20 maritime patrol aircrafts six stealth fighters five tilt-rotator aircrafts and three unmanned aerial vehicles 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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The Abe government introduced unprecedented reforms to the constitution in April 2014 easing the restrictions on defence sector exports. We expect 2015 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 valuable expertise. In fact Tokyo is actively encouraging such...
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.
BMI industry Forecast scenario
Historic data series and forecasts to end-2019 for key industry indicators supported by explicit assumptions plus analysis of key downside risks to the main forecast.
* defence expenditure: Defence expenditure (local currency and USDbn); defence expenditure (% of total budget); defence expenditure per capita (USD); defence budget (local currency and USDbn).
* armed forces (to 2012): Manpower available for military service Manpower fit for military service Army Personnel Navy Personnel Air Force Personnel Total armed forces (‘000) (% population).
* arms trade: Arms and ammunition exports and imports (USDmn); Bombs grenades and missiles exports and imports (USDmn); Revolver and pistol exports and imports (USDmn); Military weapons excluding guns and swords exports and imports (USDmn).
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 Indices provide investors with 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.
Competitive landscape
The domestic security overview lists the various potential internal security threats facing a country ranging from internal security issues such as terrorism cyber terrorism crime and drugs to external security issues including general defence procedures and potential threats from specific countries. The reports also provide a regional overview which details specific issues and flashpoints affecting the Americas along with potential risks in the coming year.
Company Profiles*
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