A Deal over National Security for Business
Prime Minister Sanae Takaichi issued a joint declaration on cooperation in economic security with Australian Prime Minister Anthony Albanese in Canberra on May 4 th . Both leaders signed a document for cooperation in securing supply chains of energy and critical minerals, which Japan seriously needed to maintain its economy. Believing that national security can be achieved through business context, Takaichi hopes to build a network for procurement of important materials without relying on China. Japan-Australia Joint Declaration on Economic Security Cooperation recognized that economic and technological resilience was a foundation to national security, evaluating their relations “special strategic partnership.” Takaichi called bilateral relations with Australia a “quasi-alliance” in a joint press conference held after the meeting with Albanese. “We are committed to sharing information and consulting with each other on economic security contingencies, including ...