The Abe administration will seek to make the Japanese arms industry more competitive globally, according to a near-complete draft of its first National Security Strategy, drawn up as tensions with China rise over the Senkaku Islands.

The strategy and a new 10-year defense plan will both refer to the need to maintain and strengthen Japan's weapons industry, according to drafts given to reporters at a Liberal Democratic Party security panel meeting Wednesday.

The government will also "consider" whether to revise the self-imposed curbs on arms exports, according to the strategy document.