Japan is to provide Myanmar with $615 million in government loans, a report said on Sunday, just days after the United States scrapped a ban on most imports from the long-isolated Southeast Asian nation.
Myanmar nominally ended nearly half a century of military rule last year and rapid changes have sparked a widespread lifting of sanctions and a scramble to tap a potentially lucrative market.
Japanese Prime Minister Yoshihiko Noda will make the loans announcement when he meets Myanmar's President Thein Sein on the sidelines on a Southeast Asian summit in Cambodia on Monday, the Nikkei business daily said.
Japan's first low-interest, long-term government loans to Myanmar in nearly three decades will "back up moves by Japanese companies into the country and hold China in check after it increased its influence in Myanmar", it said.
Japan will provide the loans in the fiscal year to March 2013 while the World Bank, the Asian Development Bank and major creditor nations are expected to announce in January they will waive debts owed by Myanmar, the Nikkei said.
On Saturday at around 11:30 a.m., officers arrested Hideaki Shoji, a resident of Yokohama, after he allegedly came up from behind a 21-year-old female college student and shot digital images up her skirt as she stood on a platform at Kuhonbutsu Station in Setagaya Ward. (Tokyo Reporter)
A 12-year battle for justice took an enormous financial, emotional and physical toll, says Catherine Jane Fisher. But for the Australian teacher of English and mother of three, it's time to savor a landmark court victory. (womensenews.org )
The number of shoplifting cases accounted for nearly 10 pct of all criminal offenses recognized by Japanese police, with the rate increasing, a National Police Agency survey showed Wednesday. (Jiji Press )