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Myanmar Crisis

Mitsubishi Corp. to offload interest in Myanmar gas field

Move comes amid Japanese exodus from military-controlled country

Leading Japanese trading house Mitsubishi Corp. plans to shed its stake in a Myanmar gas project.

TOKYO -- Trading house Mitsubishi Corp. plans to offload its interest in a natural gas project in Myanmar, Nikkei has learned, marking the latest step in an exodus from the military-ruled country by Japanese companies.

Mitsubishi Corp. is making the move as the project's profitability has deteriorated due to resource depletion, while the changing business environment since the military took power in February last year also appears to be a factor in the decision. 

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