News On Japan

Finland's Economic Minister Warns Japan on National Security

TOKYO - Finland is positioning economic resilience as a core pillar of national security, with Finnish Economic Affairs Minister Sakari Puisto emphasizing closer cooperation with Japan in advanced technologies, supply chain security and dual-use industries during a recent visit to Tokyo.

At the center of Finland’s strategy is its concept of “comprehensive security,” which treats economic stability, infrastructure protection and industrial preparedness as equally important as military strength. The model integrates government, private companies, researchers and citizens into a unified framework designed to maintain national resilience during crises ranging from war and cyberattacks to pandemics and supply disruptions.

The report highlights how Finland’s proximity to Russia and the shock of the Ukraine war accelerated efforts to strengthen economic self-reliance and strategic industries. Following Russia’s invasion of Ukraine in 2022, Finland abandoned decades of neutrality and joined NATO, while also deepening investment in defense-related manufacturing and critical technologies.

Japan and Finland are now expanding cooperation in dual-use technologies — innovations with both civilian and military applications — particularly in drones and quantum technology. Finland sees Japan as an important partner in reducing dependence on Chinese-made drone components and strengthening secure technology supply chains.

The discussions also reflect a broader shift in Japan’s industrial policy, where technologies once developed solely for civilian use are increasingly being considered for defense applications as well. The Kishida administration’s moves to ease restrictions on defense exports and encourage collaboration between universities, private companies and the defense sector were viewed positively by Finnish officials.

Finnish defense technology company Insta, which develops drone systems and military-related technologies, also expressed interest in the future potential of Japan’s defense drone industry, suggesting opportunities for joint development and industrial cooperation.

The report ultimately presents Finland’s security philosophy not simply as military preparedness, but as an economic strategy centered on resilient infrastructure, technological independence, secure supply chains and close coordination between the public and private sectors.

Source: テレ東BIZ

News On Japan
POPULAR NEWS

A police officer fired a warning shot into the air after a 42-year-old woman approached officers while pointing a kitchen knife at them on a street in Eniwa, Hokkaido, on July 17.

A 45-year-old man was arrested early July 20 after allegedly crashing a passenger car into a convenience store in Sagamihara, Kanagawa Prefecture, and walking around the parking lot carrying a kitchen knife and a golf club.

A covert network of shuttle tankers is carrying crude through the increasingly dangerous Strait of Hormuz as renewed fighting between the United States and Iran disrupts shipping and raises concerns over how Japan will secure the oil it needs.

Russian Deputy Foreign Minister Andrey Rudenko has criticized moves by Japanese and Ukrainian companies to cooperate on drone technology, warning that such ties would be regarded by Moscow as a "clear hostile act."

The rainy season ended in the Kanto-Koshin and Tokai regions on July 20 as strengthening high pressure brought intense heat across Japan, with temperatures forecast to reach 38 C in Kumagaya, Saitama Prefecture, and Kofu.

MEDIA CHANNELS
         

MORE Business NEWS

Japanese cash equities were closed for Marine Day on July 20, leaving investors to assess whether Tokyo can stabilize after last week’s technology-led rout as oil prices rose above $90 a barrel, the yen remained near four-decade lows and global markets braced for another test of the artificial intelligence trade.

Apple has raised prices for iPhones sold in Japan, with the top-end iPhone 17 Pro Max now costing more than 210,000 yen, as the prolonged weakness of the yen increases the local cost of products priced and managed in US dollars.

A tanker carrying about 1 million barrels of Mexican crude oil arrived off Yokkaichi, Mie Prefecture, on the morning of July 17, marking Japan's first such delivery since the Strait of Hormuz was effectively closed.

Tokyo stocks plunged on July 17 as a global selloff in semiconductor and artificial intelligence-related shares pushed the Nikkei 225 into correction territory, while Middle East tensions, higher oil prices and persistent yen weakness added to pressure on investors.

Nissan Motor unveiled a fully redesigned Elgrand minivan on July 17, marking the model's first complete overhaul in 16 years, while introducing a new brand message as the automaker seeks to rebuild its business and revive sales.

Seven & i Holdings is considering investing several hundred billion yen in Zabka Group, Poland's largest convenience store operator, as the Japanese retailer seeks to expand its presence in Europe.

Japanese manufacturers including Fanuc, Yaskawa Electric, Fujitsu, Hitachi, Kawasaki Heavy Industries and Komatsu announced new artificial intelligence initiatives on July 16 as Nvidia expanded its partnerships with Japan's robotics and industrial sectors.

Tokyo stocks fell sharply on July 16 as renewed selling in South Korean semiconductor shares spread to Japan’s AI and chip-related names, while household inflation expectations hit a record high and kept pressure on the Bank of Japan to maintain a tightening bias.