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Japanese government to resume yen loans to Myanmar

February - December 2013
Tokyo, Japan

Published: 12 Oct 2012 | By Georgeta Gheorghe and 1 other | Last updated: 12 Oct 2012
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Japanese government to resume yen loans to Myanmar -
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The Japanese government is to resume yen loans to Myanmar. Japanese authorities had stopped lending to Myanmar (previously known as Burma) in 1987. The announcement was made by Finance Minister Koriki Jojima at a meeting held on the sidelines of the meeting of the International Monetary Fund and the World Bank Group.


During talks held in April between Myanmar President Thein Sein and Japanese PM Yoshihiko Noda, the Japanese official asked that 300 billion yen of the country's 500 billion yen debt be scrapped. Additionally, during the meeting hosted by Japan's Finance Ministry, Japan has pledged for a deal on Myanmar's debt relief. 


In order to be implemented, the measure needs to be preceded by a series of procedures by which Japan needs to settle Myanmar's debts towards the country. Japan is currently Myanmar's largest creditor. 


Opposition leader Aung San Suu Kyi is expected to embark on a visit to Japan in March 2013.  

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About this event
Created by Georgeta GheorgheCreated by Georgeta Gheorghe
on Fri 12 Oct 2012
Modified by Yafit LazarLast modified by Yafit Lazar
on Fri 12 Oct 2012

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Location: Tokyo, Japan
Expected date: February - December 2013
Planning: confirmed
Ended: 265 days ago

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Julian Ryall never expected to still be in Tokyo 18 years after he first arrived, but quickly realised its advantages over his n... moreJulian Ryall never expected to still be in Tokyo 18 years after he first arrived, but quickly realised its advantages over his native London. He is the Japan correspondent for The Daily Telegraph and freelances for publications around the world.

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Jason Strother is an American journalist who has been based in Seoul since 2006. He is the Korea correspondent for Monocle Magaz... moreJason Strother is an American journalist who has been based in Seoul since 2006. He is the Korea correspondent for Monocle Magazine and Radio and reports for PRI's The World, a co production of the BBC and WGBH-Boston. Jason also covers breaking news for NPR and files for broadcasters in North America, Europe and Asia. His writing frequently appears in the Christian Science Monitor and is carried by the Yonhap News Agency. Jason holds a BA in Broadcasting from Montclair State University in his home state of New Jersey and a MA in International Relations from the University of Kent (UK). In addition to reporting from both sides of the Korean peninsula, Jason has filed from China, Japan, Cambodia, the Philippines, India, Brazil and the US.

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