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Business News Digest

State Counsellor and Minister of Foreign Affairs Daw Aung San Suu Kyi official visits to Japan
Prime Minister Abe announces 800 billion Yen in aid

During November 1-5, State Counsellor and Union Minister of Foreign Affairs Daw Aung San Suu Kyi visited Japan for the first time since the new government took power. During her visit, she had an energetic schedule including meeting with Prime Minister Shinzo Abe and Foreign Minister Fumio Kishida, attending a banquet with the Emperor and Empress of Japan, visiting the University of Kyoto where she had been a researcher, and making a presentation to a crowd of over 1000 Myanmar people living in Japan.

During the meeting with Prime Minister Abe on the second evening, Daw Aung San Suu Kyi expressed her gratitude for Japan's aid to Myanmar, and Prime Minister Abe announced public-private aid of 800 billion Yen over 5 years. Firstly, 10.8 billion Yen would be allocated to hydroelectric plant repairs and 40 billion Yen to the promotion of the peace process with ethnic minorities.

Then both governments exchanged letters on the "Youth Overseas Cooperation Volunteer Dispatch Agreement". Going forward, Youth Overseas Cooperation Volunteer groups will be sent to Myanmar to contribute to socio-economic development in various fields.

(Photo: Myanmar State Concellor facebook)

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