Myanmar sanction fears weigh on foreign companies after coup

Thai and Japanese firms that bet on democratization face uncertain future

20210204 thai japan

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

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.