Myanmar CrisisMyanmar sanction fears weigh on foreign companies after coup
Thai and Japanese firms that bet on democratization face uncertain future
Low production costs and a nascent domestic market made Myanmar an attractive bet for Thai and Japanese companies. (Source photos by Keiichiro Asahara and Kosaku Mimura)
APORNRATH PHOONPHONGPHIPHAT and FRANCESCA REGALADO, Nikkei staff writers
February 4, 2021 18:15 JST
BANGKOK/TOKYO -- Japanese and Thai companies began flocking to Myanmar a decade ago, betting that its tentative embrace of democracy would open up an untapped market. Now the military coup threatens to throw long-nurtured business plans into disarray.