BANGKOK: Myanmar’s government has arrested a Japanese business executive, along with dozens of local businessmen, for allegedly selling rice at prices well above the officially regulated ones, state-run media said Monday .
Rice is vital as Myanmar struggles to keep its economy on an even keel as civil war disrupts efforts to recover from the COVID-19 pandemic. The army seized power from the elected government of Aung San Suu Kyi in 2021, triggering nonviolent protests that have evolved into armed resistance.
A World Bank report last month said nearly a third of people in Myanmar are living in poverty and the economy is about 10 per cent smaller than before the pandemic. The displacement of more than 3 million people from their homes by fighting has caused a major humanitarian crisis. In Tokyo, Japan's Chief Cabinet Secretary Yoshimasa Hayashi confirmed to reporters that a male Japanese citizen, whom he didn't name, was being investigated at a police station in Yangon.
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