This Day On The Street
Continue to site
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

Although it scaled back most business activity and cut government aid when the U.S. and other Western nations imposed sanctions in 2003 after the previous, military regime put Suu Kyi under house arrest, Japan did not impose sanctions on Myanmar.

Suu Kyi and the current Japanese government thus are still developing relations, said Eitaro Kojima of the Japan External Trade Organization, who lived in Myanmar for years.

"We need to understand each other," he said.

Over the past decade, Japan continued small-scale humanitarian assistance to Myanmar as part of its policy of engagement with the regime. Many Japanese businesses also kept their offices and business registrations. The maintenance of commercial and government relations is proving vital now that Myanmar is embarking on its economic reforms

Japan's biggest contribution so far to Myanmar's economic reform effort has been the debt forgiveness arrangement, involving billions of dollars in bridge loans by Japanese banks, that enabled the Asian Development Bank and World Bank to resume lending for crucial humanitarian and infrastructure projects.

Underscoring the government's keenness for closer cooperation, Finance Minister Taro Aso made Myanmar his first overseas destination after taking office late last year. Although the visit had been planned much earlier, it also reflected Tokyo's determination to drum up business in fast-growing Southeast Asian markets to help counterbalance Japan's vulnerability to problems with China over territorial and other disputes.

Of the 35 Japanese projects under way in Myanmar, the biggest is one to develop the 2,400 hectare (5,900 acre) Thilawa special economic zone south of the capital, Yangon, which is being led by a Japanese consortium of major trading houses, including Mitsubishi (MTU), Marubeni and Sumitomo (SMFG).

To support that project, Japan has promised 20 billion yen ($200 million) in long-term loans for related infrastructure such as power plants, roads and bridges at an interest rate of 0.01%.
2 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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs