This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Suu Kyi Visit Highlights Japan's Myanmar Push

By Elaine Kurtenbach

TOKYO -- Japan's long-deferred aspirations for a larger role in Myanmar are getting a boost this coming week with a visit by Nobel Peace Prize laureate and opposition leader Aung San Suu Kyi.

The visit by Suu Kyi, in Japan for the first time in 27 years, is highlighting Japan's interest in helping to craft a blueprint for Myanmar's economy and tapping its growth potential.

So far, Japan's investments and involvement lag far behind those of China and India. But that is fast changing, after Tokyo forgave about half of Myanmar's more than $6 billion dollars in debt, clearing the way for renewed international lending to the impoverished Southeast Asian country.

A high-powered delegation of business leaders, including top executives from Toyota Motor (NOK), Hitachi (HIT) and Sumitomo Chemical, toured Myanmar, also known as Burma, in February and pledged to cooperate in encouraging more investment.

Although Suu Kyi is not in government, she is widely respected, especially in Japan, where she is expected to meet with Prime Minister Shinzo Abe and other top officials and give speeches at two of Japan's most prestigious universities during her seven day visit that starts Saturday.

"Aside from being the opposition leader and an icon for democracy and political freedom, she is a goodwill ambassador. The idea is to encourage the Japanese government and corporate Japan to support Myanmar," said Jeff Kingston, a professor at Tokyo's Temple University.

The handover of power by Myanmar's military junta in 2011 to a nominally civilian government ushered in sweeping political and economic reforms, including releasing prominent political prisoners and allowing Suu Kyi, who spent years under house arrest, to run in parliamentary by-elections.

As of late February, Japan was the 11th largest investor in Myanmar, with $270 million in overall investments, way behind the $14.2 billion committed by China and $9.6 billion by Thailand, the top two sources with 33% and 23%, respectively, of total foreign direct investment.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $122.99 0.00%
FB $96.99 0.00%
GOOG $631.93 0.00%
TSLA $263.82 0.00%
YHOO $37.67 0.00%

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs