Myanmar’s new old friend | Bangkok Post: business

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Myanmar’s new old friend

Japan quietly making headway as one of the most influential investors in a country it occupied only 70 years ago.

  • Published: | Viewed: 4,113 | Comments: 0
  • Newspaper section: Asia focus
  • Writer: Joseph Schatz
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International observers have had a field day analysing the battle for influence in Myanmar between China and the United States, as Beijing tries to shore up its ties with Nay Pyi Daw, and Washington makes up for lost time. 

But it’s the Tokyo Stock Exchange that is helping establish a modern stock market in this long-isolated corner of Southeast Asia. Japanese companies will be spearheading the Thilawa “special economic zone” outside Myanmar’s commercial capital.

And when Myanmar’s airline industry saw its first foreign investors last month, it was Japan’s All Nippon Airways, which is buying a 49% share in Asian Wings, a tiny Myanmar-owned airline.

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