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Tokyo, Japan (AHN) – In an attempt to reduce spending on national defense and strengthen domestic arms industry, Japan on Tuesday eased self-imposed arms exports ban.

The liberalization will allow hundreds of Japanese companies to take part in multinational projects of developing weapons for the first time in several decades.

“Under the new standards, Japan will be able to transport military equipment for missions of peace-building and international cooperation,” Foreign Minister Koichiro Gemba told reporters.

“This will mean that Japan can now address international peace cooperation and global challenges such as terrorism and piracy more proactively and effectively,” he added.

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