Myanmar’s military removes central bank chief. - The Great Awakening

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Myanmar’s military removes central bank chief. (asia.nikkei.com)

posted 3 years ago by Ptbrwn707 3 years ago by Ptbrwn707 +656 / -0

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– IMissTrump 15 points 3 years ago +15 / -0

More excellence. I saw a headline for a video saying people have taken to the streets in Japan to protest the Myanmar "coup". Why are they protesting in Japan?

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– IMissTrump 14 points 3 years ago +14 / -0

I found my own answer: "TOKYO -- As news of the military coup in Myanmar reached the halls of the Bank of Japan, staff raced to gather information about the ongoing developments.

"They have apparently kicked out the central bank governor as well." The shocking news was passed up the command chain at the head office in Tokyo's Nihonbashi district.

The Bank of Japan, like most central banks around the world, is watching carefully, to see how the military leaders could affect bilateral and regional cooperation on monetary policy and financial stability."

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– McSimply 3 points 3 years ago +3 / -0

Source: https://asia.nikkei.com/Spotlight/Myanmar-Coup/Myanmar-coup-removes-central-bank-chief-alarming-global-financiers

I found this part to be particularly enlightening:

Public and private Japanese players helped Myanmar build its financial and market infrastructure. The Japan International Cooperation Agency contributed to the core systems at the Central Bank of Myanmar, as a joint project with NTT Data and the Daiwa Institute of Research. The BOJ shares deep connections to the Central Bank of Myanmar as well. It has trained staffers for the Myanmar bank at its head office in Tokyo, and assigned its alumni to advise the Myanmar bank.

I wonder if the Central Bank of Myanmar has ties to other foreign banks as well?

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