Eight civil society organizations sent a letter to 101 corporate investors holding shares of Tokyo Tatemono Co., Ltd. or Daiwa House Industry Co., Ltd expressing concern that land lease payments made by the two companies are a source of funding for the Myanmar military. , through the Y Complex project, says Justice For Myanmar in a press release.
The gist of the letter is as follows. Eight civil society organizations deeply concerned about the business relationship Japanese companies have with the Myanmar military sent a letter dated May 24, 2022 to 101 corporate investors holding shares of Tokyo Tatemono Co., Ltd. or Daiwa House Industry Co., Ltd. Land lease payments made by the two companies as part of a real estate development project in Yangon (commonly known as “Complex Y”), estimated to be around USD 2 million per year, and will be a source of funding for the army Burmese.
For decades, Myanmar’s military has committed serious human rights violations and atrocities with impunity, and on February 1, 2021, it launched a coup attempt. Civil society organizations have repeatedly signaled to Tokyo Tatemono and Daiwa House that they may be complicit in serious human rights abuses perpetrated by the military and urged them to act in accordance with their own policies on human rights and international standards. However, neither company has officially announced specific plans to prevent its activities in Myanmar from contributing to serious human rights abuses and international crimes committed by the Burmese military.
The letter asks companies investing in Tokyo Tatemono and Daiwa House to engage quickly with the two companies to urge them to take steps to ensure that their business activities do not benefit the Myanmar military. The letter further asks corporate investors to consider a divestment if the companies do not take sufficient action.
The list of NGOs is as follows: Mekong Watch, Friends of the Earth Japan, Justice For Myanmar,
Network Against Japan Arms Trade (NAJAT), Ayus: Network of Buddhists Volunteers on International Cooperation, Japan International Volunteer Center (JVC), Pacific Asia Resource Center (PARC) and Human Rights Now.
Office and residential buildings are seen from an observation deck of the Tokyo Metropolitan Government Building in Tokyo, Japan. Photo: EPA