TOKYO - Japan says it will forgive about 300 billion yen ($3.7 billion) of Myanmar's debt as a way to support the country's democratic and economic reforms.

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  • Japan forgives Myanmar debt
    Japan also confirmed it would forgive 176.1 billion (US$1.74 billion) of Myanmar’s debts — the final portion of the 300 billion yen (US$3.4 billion) that Tokyo pledged in April 2012 to cancel. The move was contingent on further reforms. “In support ...
    05/26/2013 - 1:00 pm | View Link
  • Japan's Abe ends Myanmar visit with aid, debt write-off
    Analysts also say Japan wants to counterbalance the growing economic and military might of China, Myanmar's neighbor. Japan agreed a year ago to forgive 176.1 billion yen ($1.74 billion) in arrears owed to it by Myanmar's government and, at the end of a ...
    05/25/2013 - 11:28 pm | View Link
  • Japan to forgive Myanmar's debt
    NAYPYITAW, Myanmar, Jan. 3 (UPI) -- Japan will write off almost $6 billion in Myanmar's debt and provide a new loan of about $600 million, Finance Minister Taro Aso said Thursday. Aso made the announcement after a meeting with Myanmar President Thein Sein ...
    01/3/2013 - 9:17 am | View Link
  • Thein Sein Wins Japan Backing for Myanmar Infrastructure Efforts
    Myanmar’s President Thein Sein returns home with the support needed to resume financing ports, bridges and roads after winning a debt forgiveness deal from Japan, the Southeast Asian nation’s biggest creditor Japan will forgive 303.5 billion yen ($3.7 ...
    04/22/2012 - 1:19 pm | View Link
  • Japan to forgive $3.7 billion of Myanmar's debt
    TOKYO (AP) — Japan said Saturday it will take steps to forgive about 300 billion yen ($3.7 billion) of Myanmar's debt and resume full-fledged development aid as a way to support the country's democratic and economic reforms. The government made the ...
    04/21/2012 - 10:06 am | View Link
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