Japanese government and business officials have flocked to Myanmar in recent months with a keen interest in the untapped investment opportunities in the country, which is embarking on democratic and economic reforms after decades of seclusion.

Japanese entities that have been nurturing ties with Myanmar are encouraged that the time has finally come for various cooperative projects to resume operations after years of being in limbo under the country's military regime, while Myanmar welcomes Japan's assistance.

"With Myanmar's government starting to open up to the international community, what we have been working on for all these years may finally bear fruit," said Shigeto Kashiwazaki, managing director of the Asian business research department at Daiwa Institute of Research.