Since 2011, under the Thein Sein government, Myanmar has started to build financial institutions almost from scratch. Japan has played a leading role in this effort, writing off debt, opening the Yangon Stock Exchange, vying for the entry of Japanese banks, and laying out finance-related laws. Myanmar’s weak institutions present considerable challenges. By examining common features of financial markets in Southeast Asia, this paper identifies the preconditions for financial development to be a vehicle for Myanmar’s industrialisation as well as the rationale for Japan’s public and private involvement in Myanmar.
Country and Region Studies / International Political Economy / Southeast Asia and ASEAN / Working Papers
Last updated on 24/05/2019