Some Taiwanese and Japanese businesses that started in Myanmar before the 2021 coup have chosen to stay put, despite the ongoing political unrest.Investors had piled into the country after the military eased its iron grip a decade ago, paving the way for democratic and economic reforms.
The businesses also refused to comment on Myanmar’s political situation, fearing backlash on their operations.Many Japanese firms were actively investing in the country until 2020, but the flow of aid and investments has been disrupted since the 2021 coup. Mr Yuichi Shibata, director of systems network company Brycen Myanmar, said: “Japanese firms had about 4,000 Japanese in Myanmar. At one point there were only 200 Japanese left.”
At Huaxin Street in New Taipei City, known among locals as “Little Myanmar”, an estimated 40,000 people originally from Myanmar reside there.
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