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.

On Feb.1, Myanmar’s military took control of the country’s administrative, legislative and judicial branches, detaining de facto leader State Counselor Aung San Suu Kyi and several other democratically elected officials.

It is unclear what happened to former central bank chief Kyaw Kyaw Maung, but deputy governor Bo Bo Nge has been detained, according to media reports. Than Nyein, who served as central banker under the previous junta before the first free election in decades in 2015, has been reappointed to the role.

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.

The move brought back stark memories of the country’s decades of military rule, when it was closed off from much of the world. The period of isolation began to change when the military embraced reforms at the beginning of the last decade, with foreign investors flooding into the largely untapped market rich with natural resources.

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

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This Post Has 16 Comments

  1. leeengland

    Can we really call it a “coup”?? The actual coup was stealing the election. What the military did was take back their country from the coup plotters.

  2. tysonguy18

    Judicial branch breakdown coming FRIDAY. SCOTUS will fail is Friday ..be not afraid

  3. taylorgirl86

    I believe that this is a test run for the US.

  4. jasonwhellens

    This is going to happen in the USA soon.. dud you really think Biden could cheat and get away with it? #Luciferianismisamentaldisorder

  5. shawna.burford

    I pray!!! 🙏🏻🙏🏻🙏🏻

  6. si_tara808__

    Time to pull a gamestop’s on the central banks 🔥 goodbye country enslaving Petro dollar…hello interest free unregulated bitcoin

  7. tallahasseedowns

    OK hear me out – I thought the 2nd guy’s forehead was the 3rd guy’s nose at first glance. Other than that, what’s the hold up?!

  8. crazedchef

    Dear Lord, please let this be a prelude to this happening here in America! Amen!

  9. jjoates43

    ugh wonder how long this shitty socialist “utopia” will last

  10. chompcity777

    The woman that stole the election was a globalist puppet. The US military should have done the same exact thing to Biden. Joe Biden is a criminal. You have more evidence to this election fraud than any other crime in history. You have an Italian IT head of a multibillion dollar defense contractor ADMITTING on affidavit to committing the election fraud flipping votes from Trump to Biden by MORE THAN THE MARGIN OF VICTORY IN THE SWING STATES. His name is Arturo D’Elia. He was arrested in Italy. He worked for Leonardo. Joe Biden is a phony president who won a record low 477 counties. Pathetic.

  11. thegymmarshall

    @flexin.4×4 read the comments lad

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