Economic Policy

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Japan's Shipbuilding Revival: A $6.5 Billion Plan to Double Output by 2035

Japan once built 40% of the world's ships and now builds 8%. The government's Shipbuilding Revival Roadmap puts about 1 trillion yen ($6.5 billion) of public and private money behind doubling annual capacity to 18 million gross tons by 2035. Imabari's takeover of JMU, the signed frigate contract with Australia, and US-Japan cooperation, alongside the labor and scale problems that could stall all of it.