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Thursday, May 2, 2024

Myanmar coup presses Japan to retreat from Abe-era business push

TOKYO — Japan’s ties with Myanmar, long shadowed by memories of World War II, are today shaped by businesspeople like Shinsuke Goto, who now faces the decision of whether to stay in the Southeast Asian country after a decade of helping business put down roots.

The Harvard Business School graduate and former investment banker at Daiwa Securities started an independent consultancy, Trust Venture Partners, in Yangon in 2016. Trust Venture finds local partners for foreign companies and opportunities for investment in a country once touted as “Asia’s last frontier.”

But today, he focuses more on helping foreign companies sell off assets, dissolve joint ventures or leave the country altogether as the economic and political crisis sparked by the Feb. 1 coup deepens.

“I still believe in Myanmar’s potential,” Goto said in a telephone interview. “It’s hard to find a country like Myanmar — a…

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