Newly democratizing Myanmar is a suitable destination for Japanese direct investment as it is Southeast Asia's "last frontier," two researchers based in Singapore said at a symposium in Tokyo.

The two agreed that Myanmar has a long way to go before it achieves full democracy but is on the right track. They also agreed that Nobel Prize laureate and Myanmar opposition party leader Aung San Suu Kyi is a democratic icon and the world is closely watching the presidential election slated for 2015.

The two researchers were guest speakers at the symposium, "Myanmar now; Myanmar's recent moves and its relationship with Japan viewed from Southeast Asia," organized by the Keizai Koho Center in Tokyo on Dec. 9.