Japanese Prime Minister Shinzo Abe has forgiven billions of dollars of Burmese debt and promised new aid. Analysts said despite China being its largest investor, Burma is increasingly looking to Japan as the dominant economic force.
During the first visit by a Japanese prime minister in 36 years, Shinzo Abe not only forgave Burma's debt, but also pledged a new development loan.
Japan cancelled $1.74 billion in debt and on Sunday agreed to lend Burma over half a billion dollars ...
Monday, May 27, 2013
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