Future of Myanmar

■ Myanmar had been separated from the international economy for about 50 years, but with the transfer of civilian rule in 2011, economic sanctions from Western countries were lifted, and it suddenly became the "last frontier of Asia" all over the world. Attracted attention from. On the other hand, the infrastructure is still underdeveloped.

The Myanmar government promoted economic liberalization, and the domestic economy was booming with the influx of development assistance and direct investment from overseas. Japanese companies are also becoming more interested in Myanmar.

■ Imports of used cars increased sharply in response to the deregulation of imports after the transfer of civilian rule, and then the restrictions on imports of used cars were tightened, resulting in an increase in the number of new cars sold. With the rapid spread of smartphones along with the Internet, the spread of online banking has surpassed that of Japan.

■ After the transition to civilian rule, offices and foreign luxury hotels were actively constructed in Yangon, and ODA was resumed. In addition to the construction of the Thilawa Industrial Zone near Yangon, the development of core infrastructure such as railways is being promoted with a ODA loan. With such remarkable development, the investment rate in Myanmar is increasing among neighboring ASEAN countries, and it is supporting economic growth.