About 70% of Japanese companies investing in Myanmar will either maintain or expand their operations in the country in a year or two despite the severe hit to its economy from last year's military coup and the coronavirus pandemic, according to a Japan External Trade Organization report.

The report quoted a JETRO survey as saying 52.3% will maintain their current levels of operations in Myanmar and 13.5% will expand them, while 27.5% will scale back their business in the country and 6.7% will withdraw from the country or move their operations to a third country.

The Dec. 9 report said if the business environment continues to deteriorate in Myanmar, more Japanese investors may have no choice but to reduce their operations or withdraw.