Myanmar Seeks Japan Debt Forgiveness in Tokyo Trip
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Myanmar President Thein Sein today begins his first visit to Japan as head of state seeking a debt-forgiveness deal that opens the way for his nation’s biggest creditor to resume financing roads, bridges and ports.
Thein Sein and Japanese Prime Minister Yoshihiko Noda will discuss a “comprehensive solution” to resolving Myanmar’s debt when they meet in Tokyo tomorrow, said Masaru Sato, assistant press secretary at Japan’s foreign ministry. Japan pledged 403 billion yen ($4.9 billion) in loans to Myanmar between 1967 and 1987, according to foreign ministry data.