[Date Prev][Date Next][Thread Prev][Thread Next][Date Index
JiJI: Japanese Want to Make Money W
- Subject: JiJI: Japanese Want to Make Money W
- From: ktint@xxxxxxxxxxxxx
- Date: Wed, 08 Jan 1997 23:50:00
Subject: JiJI: Japanese Want to Make Money With SLORC Anyway
JiJi: Jan 6, 97
JAPANESE WANT TO MAKE MONEY WITH SLORC ANYWAY
More Japanese Firms Make Inroads into Myanmar
Yangon, Jan. 6 (Jiji Press)--A growing number of Japanese companies are
making inroads into Myanmar despite political uncertainties in the
The number of Japanese firms that have footholds in Myanmar increased to
76 at the end of 1996 from 48 at the end of last June, according to the
Japanese embassy in Yangon.
Some Japanese firms had been reluctant to do business here due in part to
the standoff between the military junta and the prodemocracy opposition
forces, led by National League for Democracy leader Aung San Suu Kyi, who
won the 1991 Nobel Peace Prize.
In a departure from such cautiousness, Japanese business circles here are
now taking a further step to enhance their presence in Myanmar by
founding a chamber of commerce pretty soon.
On top of major trading houses and banks, Matsushita Electric Industrial
Co., Hitachi Ltd. and other Japanese consumer electronics makers have
already set up sales bases in Myanmar in a bid to catch business chances
in the growing Myanmarese economy.
The scope of Japanese business activities in Myanmar is much broader than
the number of companies operating here indicate because the embassy does
not have accurate information on operations of many small
Japanese-affiliated businesses or individual businessmen doing business
in the country, embassy sources said.
They also pointed out that not a few municipal governments in Japan sent
fact-finding missions to Myanmar in response to local companies' requests.
Myanmar is likely to continue to attract Japanese companies this year,
despite the continuing tense confrontation between the military rulers
and the opposition forces, the sources said.
Copyright 1995-96 by JIJI Press