About the company
Japan Bank for International Cooperation (JBIC)
The Japan Bank for International Cooperation is a Japanese state-owned bank investing overseas to promote economic growth in projects that often happen to benefit Japanese companies.
Fujita, Tokyo Tatamono Co, JOIN, and the Japan Bank for International Cooperation (JBIC) are all involved in a consortium that pays rent to the Burmese military for land for a complex they built and financed. Known as the Y Complex, the development of shops, offices and a hotel is estimated to be paying the military around $2 million a year in rent. We understand that development of the project is currently suspended.
Contact:
Maeda Tadashi, Governor
Japan Bank for International Cooperation (JBIC)
4-1 Ohtemachi 1-chome
Chiyoda-ku
Tokyo 100-8144
Japan
Sources:
New evidence details Japanese payments to Myanmar army for Y Complex land lease, Justice for Myanmar, 24th March 2021
Japan state-funded hotel deal pays rent to Myanmar defence ministry, by Ju-min Park, John Geddie, Reuters, 24th March 2021
https://www.reuters.com/article/us-myanmar-politics-japan-insight-idUSKBN2BG0FF
Notified 27th January 2022
Added to the Dirty List 1 March 2022
