Japan is set to join the US missile defense system, with an announcement expected at an upcoming summit, according to Yomiuri

Japan's commitment to join the US missile defense system marks a significant escalation in regional security dynamics. This decision could potentially alter defense spending in Japan and shift perceptions of regional threats, especially regarding North Korea. Additionally, expect market implications in defense stocks and a risk-on/risk-off sentiment in the region, as investors assess the durability of this strategic partnership.