Japan eyes easing of joint arms development

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http://uk.reuters.com/article/2011/10/04/uk-japan-defence-idUKTRE79332020111004

(Reuters) - Japanese Defense Minister Yasuo Ichikawa said on Tuesday he expects a government decision on the possible easing of a self-imposed ban on international joint arms development before long, likely to be a boon for Japanese defense contractors.

Ichikawa also said the Eurofighter Typhoon is not at a disadvantage in competing for Japan's new fighter jet deal because it is European-designed, and that a key factor in the choice is how the planes can benefit Japan's defense industry.

The decision on which new jets to buy is due by the end of year, and the deal that follows may be worth up to $8 billion.

It will come against a backdrop of regional rival and growing economic power China spending more than ever on its military, a trend which worries some Asian countries.



***spreading the arms race and making money for defense contractors.