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Financial Reforms in Myanmar and Japan's Engagement

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  • Tomoo Kikuchi
  • Takehiro Masumoto

Abstract

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 transition, writing off debt, opening the Yangon Stock Exchange, vying for the entry of Japanese banks, and laying out finance-related laws. As in other Southeast Asian countries, Myanmar's oligopolistic economic structure and colonial past present considerable challenges. There is a rich literature on the relationship between well-functioning financial institutions and economic growth, but the causality of this relationship remains inconclusive. This paper examines the preconditions for financial institutions to be a vehicle for Myanmar's development.

Suggested Citation

  • Tomoo Kikuchi & Takehiro Masumoto, 2016. "Financial Reforms in Myanmar and Japan's Engagement," Working Papers DP-2016-27, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:dp-2016-27
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    References listed on IDEAS

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    More about this item

    Keywords

    Financial development; economic development; financial reforms; Myanmar’s economy; Japan–Myanmar relations;
    All these keywords.

    JEL classification:

    • N2 - Economic History - - Financial Markets and Institutions
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • P4 - Political Economy and Comparative Economic Systems - - Other Economic Systems

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