YANGON -- Japanese companies are investing aggressively in Myanmar with help from Tokyo, even as their European and American counterparts shy away while hundreds of thousands of Rohingya Muslims flee the country to escape persecution.
Japan's businesses were approved to devote a record $1.47 billion to the Southeast Asian nation for the fiscal year ended in March, according to the Japan desk at Myanmar's Directorate of Investment and Company Administration. The figure, which includes money coming through foreign subsidiaries, made Japan one of the biggest investors in Myanmar for the year. Its previous record was $1.02 billion from fiscal 2014.
