Chinese spies and smuggled drugs fuel Takaichi's security pushTakaichi's security push

Japanese Prime Minister Sanae Takaichi launched a major economic-security initiative to counter threats from Chinese espionage and smuggled drugs. The push follows regulatory hurdles in semiconductor acquisitions and high-labeling of security-sensitive firms.

This matters as it represents Japan's most ambitious economic-security strategy in years, potentially reshaping its defense-industrial landscape.