Japan must hedge currency risk to avoid defense funding crisis
Jonathan Grady is the founding principal of The Canary Group, an artificial intelligence-driven forecasting service based in New York.
Japan's biggest defense build up since World War II is facing a significant funding crisis. Unforced financial errors and fragile planning have left a substantial gap in Japan's defense spending ambitions. To secure its defense planning and maintain its credibility, the government must adopt pragmatic financial policies.