Mitsubishi Heavy expects record defence orders as Japan boosts military

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The logo of Mitsubishi Heavy Industries is seen at the company headquarters in Tokyo, Japan December 8, 2022. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing Rights TOKYO, Nov 6 (Reuters) - Mitsubishi Heavy Industries (7011.T) has doubled its forecast for defence orders to a record 1.6 trillion yen ($10.7 billion) in the current financial year, it said on Monday, as Japan expands its military by the most since World War Two. Tokyo has said it aims to double defence spending to 2% of gross domestic product by 2027 in response to an increasingly assertive China and an unpredictable North Korea. The country's...