Japan’s big banks weigh financing arms makers in break with past

A Mogami-class frigate. Japanese financial institutions are considering greater involvement in the country's defense sector. (Photo by Rurika Imahashi) TOKYO — Major Japanese banks are cautiously shifting from a blanket policy of avoiding loans to security and defense companies to one of measured consideration, driven by heightened geopolitical risks and the government's April decision to lift the ban on exports of lethal weaponry.

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