Japan to give $615 mln in loans to Myanmar

Japan to give $615 mln in loans to Myanmar

News On Japan via AFP -- Nov 18

Japan is to provide Myanmar with $615 million in government loans, a report said on Sunday, just days after the United States scrapped a ban on most imports from the long-isolated Southeast Asian nation. Myanmar nominally ended nearly half a century of military rule last year and rapid changes have sparked a widespread lifting of sanctions and a scramble to tap a potentially lucrative market.

Japanese Prime Minister Yoshihiko Noda will make the loans announcement when he meets Myanmar's President Thein Sein on the sidelines on a Southeast Asian summit in Cambodia on Monday, the Nikkei business daily said.

Japan's first low-interest, long-term government loans to Myanmar in nearly three decades will "back up moves by Japanese companies into the country and hold China in check after it increased its influence in Myanmar", it said.

Japan will provide the loans in the fiscal year to March 2013 while the World Bank, the Asian Development Bank and major creditor nations are expected to announce in January they will waive debts owed by Myanmar, the Nikkei said.


Nov 18 Yoshiwara busts send message: 'Keep it clean'
On May 24, 1956, the Diet voted Japan's anti-prostitution statute into law, effective from April 1, 1957; but enforcement was postponed a year to give sex workers time to seek new livelihoods. (Japan Times)
Nov 17 Crime on the rise among Japanese elderly
THE number of elderly criminals being caught by Japanese police has rocketed, the justice ministry said Friday, with pensioners committing almost 50 times more assaults than two decades ago. (Herald Sun)
Nov 16 Drug smuggler given six years
The Osaka District Court has sentenced a Canadian woman to six years in prison and fined her ?2.5 million for smuggling stimulants into Japan. (Japan Times)

Source: http://newsonjapan.com/html/newsdesk/article/99677.php

world war z Johnny Manziel the voice When Is Veterans Day 2012 brooke burke jennifer lawrence Alexa Vega