Japan may stop assistance projects to Myanmar in response to coup
Japan may stop assistance projects to Myanmar in response to the military coup, which has received major international backlash. As a major donor to Myanmar, Japan joins other advanced nations in condemning the coup which has seen security forces using violence against peaceful protesters.
Foreign Minister Toshimitsu Motegi was quoted as saying in a phone call that “Japan will strongly urge the Myanmar military to release Suu Kyi and other detained individuals, and to swiftly restore democratic government.”
But it may not impose sanctions like the rest of the other developed countries as its longtime ties with the armed forces, ousted civilian leader Aung San Suu Kyi’s party, the National League for Democracy and investment promoting policy in the country may serve as a barrier in doing so. Britan and the United States have imposed sanctions in recent days which include the US freezing military funds.
A Japanese Foreign Ministry official says stopping its support of building projects would give China a chance to move in, increasing its clout in Myanmar. Around 450 Japanese companies operate in Myanmar with Japan being the 5th largest investor in the Southeast nation. Singapore has the most companies, followed by China, Hong Kong and Vietnam.
The Foreign Ministry says Japan spent about US $1.8 billion in official development assistance in the fiscal year of 2019, making it the largest among the Development Assistance Committee of the Organization for Economic Cooperation and Development. But it is unknown what China has poured into it as it has refused to disclose its expenditures.
The Japanese government plans to continue coronavirus emergency assistance to Myanmar through international organisations and non-governmental organisations. The World Bank, however, has stopped payments to projects in the nation indefinitely, after the coup on February 1, which disrupted the democratic elections last November and saw the arrest of top leaders including Aung San Suu Kyi, whose party, the National League for Democracy, won the elections in a landslide victory.
SOURCE: Bangkok Post
