If I were a betting man, I wouldn’t bet against the defense buildup in Japan.
Prime Minister Abe may face nominal pressure to tone down the rhetoric towards a defense buildup against the “impending threat” of the hostile and aggressive duo of China and North Korea, but the real intention of the end game is to get tacit approval to a burgeoning, under-the-radar defense industry in Japan gearing up for exporting of munitions and other weaponry to so-called neutral nations.
Abenomics is a joke: robbing Peter to pay Paul. But when a military-industrial complex is added into his bag of tricks, Abenomics will find traction. Who would have imagined Japan becoming an exporter of potential genocidal weapons of mass destruction less than a century after their last war debacle?
Until now, the Japanese government’s policy to ban arms exports to other countries has made it difficult for defense companies in Japan to maintain profitability. Since 2003, 20 companies have discontinued their participation in the fighter jet manufacturing business.
But as sure as Japanese eat with chopsticks, so will Japan become an unwitting yet culpable accomplice in terrorism not too far down the pike. The United States may not be pleased with the impending defense industry growth of Japan at the expense of their own parasitic, amoral counterpart, but it is the price America will have to pay for Japanese cooperation in containing China economically and militarily, as well as the renegade North Korean nation.
But in a capitalist setting, I would buy stock in the heavy industry giants and high tech industries of Japan.
The US Defense Technology Office foresees joint US-Japan research as making the best use of each nation’s strong suits. For the US, this is their underlying weapons systems, munitions and aerospace capability, while Japan excels in the areas of miniaturization, robotics and digital optics. These various strengths are almost certain to come together in the future joint development of Unmanned Air Vehicles (UAVs). (Source: Center for Research on Globalization)
Will Japan become a fascistic, emperor-worshiping threat to world peace and shed the alliance with the U.S.? Possibly, but probably not under Abe’s watch. Abe is only setting the table for the domestic industrial powers and bankers who will finance him and his cronies royally under the table for making the arms industry an international player and eventually force.