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Stocks

Japan to become catalyst for Myanmar stock exchange project

TOKYO -- Japan Exchange Group and Daiwa Securities Group will invest several billion yen in a stock exchange being planned in Myanmar, providing broad support for creating capital markets in that country.

     The duo is working with the Myanmar government to set up an operating company as early as June. It will help the country establish the necessary infrastructure, including trading systems and securities brokerages. Japan's Financial Services Agency will also offer expertise for setting up oversight authorities.

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