Friday, August 17, 2012
The Finance Ministry said Wednesday that it has signed a memorandum
of understanding with Myanmar's central bank to support the development
of the capital market in the Southeast Asian country.
Japan will help Myanmar draw up a securities exchange law to ensure fair transactions of stocks and bonds, and protect investors.
A group of Japanese securities experts and lawyers will provide advice to develop human resources in Myanmar. Japan will also accept trainees from the country.
The move comes after Prime Minister Yoshihiko Noda announced in April that Tokyo will resume yen loans to Myanmar for the first time in 25 years due to progress in the country's democratization.
Japanese companies are eager to expand into Myanmar, which is sometimes called Asia's last economic frontier.
Source: Daily Yomiuri Online
Japan will help Myanmar draw up a securities exchange law to ensure fair transactions of stocks and bonds, and protect investors.
A group of Japanese securities experts and lawyers will provide advice to develop human resources in Myanmar. Japan will also accept trainees from the country.
The move comes after Prime Minister Yoshihiko Noda announced in April that Tokyo will resume yen loans to Myanmar for the first time in 25 years due to progress in the country's democratization.
Japanese companies are eager to expand into Myanmar, which is sometimes called Asia's last economic frontier.
Source: Daily Yomiuri Online
Posted in: companies,industries,investment,markets,reports
