Japan writes off Myanmar debt
April 22, 2012, Sunday
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JAPAN has agreed to forgive Myanmar's 303.5 billion yen (US$3.72 billion) debt and resume development aid, the two sides said yesterday.
The announcement was made jointly by Japanese Prime Minister Yoshihiko Noda and President Thein Sein, Myanmar's first head of state to visit Japan in nearly three decades. "In order to support Myanmar's efforts for reforms, Japan will extend economic cooperation ... while continuously observing the progress of these efforts ...," Noda said in a joint statement.
The announcement was made jointly by Japanese Prime Minister Yoshihiko Noda and President Thein Sein, Myanmar's first head of state to visit Japan in nearly three decades. "In order to support Myanmar's efforts for reforms, Japan will extend economic cooperation ... while continuously observing the progress of these efforts ...," Noda said in a joint statement.
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