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Slideshow Best photos of the year 2012 Download our Wider Image iPad app Follow Reuters Facebook Twitter RSS YouTube Read "Star Wars" creator George Lucas engaged to businesswoman 03 Jan 2013 Alleged Ohio rapists may not get fair trial: defendant's lawyer 12:27pm EST Congress approves Storm Sandy relief amid anger over delay 2:47pm EST Ex-film star Bardot may seek Russian nationality 9:32am EST Stocks, Treasuries yields up on U.S. data 3:25pm EST Discussed 147 ”Fiscal cliff” tumble looms despite Senate efforts 144 French court rejects 75 percent millionaires’ tax 118 Gun purchasers set new record in December: FBI Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Portfolio: Mike Cassese A showcase of the best images from Reuters photographer Mike Cassese, who passed away on December 27, 2012. Slideshow Ultra-Orthodox yoga A dozen devout Jewish men meet weekly for yoga at a studio near Jerusalem. Slideshow Japan sees opportunity in Myanmar's emerging economy Tweet Share this Email Print Related News South Korea says Japan must heal wounds of wartime excesses 5:54am EST Insight: Under siege, Japan central bank wakes up to political reality Fri, Dec 28 2012 Japan Abe taps allies for cabinet, pledges deflation fight Wed, Dec 26 2012 Bank of Japan to mull 2 percent inflation target as Abe turns up heat Tue, Dec 18 2012 Japan's next PM piles pressure on BOJ, vows to resolve China row Mon, Dec 17 2012 Analysis & Opinion A yen for emerging markets Jailing dissidents is not only a Burmese tradition Related Topics World » Japan » Myanmar » 1 of 2. Japan's Deputy Prime Minister and Finance Minister Taro Aso shakes hands with Myanmar's President Thein Sein (L) as they meet in the capital Naypyitaw January 3, 2013. Aso is in Myanmar for talks with Thein Sein to boost relations with the rapidly transforming country and support Japanese business interests in the region. Credit: Reuters/Antoni Slodkowski By Antoni Slodkowski YANGON | Fri Jan 4, 2013 1:42pm EST YANGON (Reuters) - Japan's deputy prime minister confirmed fresh financial aid for Myanmar on Friday during a visit to an industrial zone that underlined the long-isolated nation's growing importance as an economic partner. With a land mass as large as Britain and France combined, Myanmar shares borders with 40 percent of the world's population in India, China, Bangladesh and Thailand. President Thein Sein's quasi-civilian government has enacted reforms since it took over from a long-ruling military junta nearly two years ago. Taro Aso, who is also Japan's finance minister, chose the country for his first official visit abroad just a week after taking up his job. His visit sets the stage for Japanese firms to gain privileged access to Myanmar as Western competitors move in slowly after years of economic sanctions. "I can feel Myanmar has very big potential. It is our intention to support its development by private-public partnership," Aso said as he visited Thilawa, a $12.6 billion, 2,400 hectare special economic zone and centerpiece of Japan-Myanmar relations. Mitsubishi Corp., Marubeni Corp. and Sumitomo Corp. form the Japanese side of the joint venture developing the industrial park. The plan is to build the first 400 hectares by 2015 and start luring Japanese and global manufacturers. Aso confirmed during the visit that Tokyo would waive part of Myanmar's 500 billion yen ($5.74 billion) debt and make a fresh loan of 50 billion yen, partly to kick-start construction of Thilawa. "The Myanmar side has thanked us for waiving their debts many times," Aso told reporters in Yangon. "I hope this will serve as a first step in boosting Myanmar's economic development." Aso, a senior member of the Japan-Myanmar Association, had arranged the visit before he was appointed, but took many by surprise with his decision to go despite a busy domestic agenda. Aiming to offset the economic impact of Tokyo's frayed relations with Beijing, Shinzo Abe's new administration has been reaching out to other Asian neighbors, pledging to send special envoys to improve ties with both South Korea and Russia. Myanmar is still re-working its laws governing special economic zones after passing new foreign direct investment laws last year. Officials there hope Thilawa will bring employment opportunities to the job-starved country, helping stabilize a country undergoing social and economic upheaval. "With the help of Japan and its technology, we will be able to create jobs for the people and enter a new age of economic development," said Win Aung, who heads the Myanmar side of the consortium. Japan is also investing in an economic zone in Dawei on Myanmar's southern peninsula, where the largest industrial complex in Southeast Asia is on the drawing board. ($1 = 88.0400 Japanese yen) (This story is refiled to fix dateline to YANGON, instead of LONDON, and adds byline) (Editing by Tom Pfeiffer) World Japan Myanmar Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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