Japanese Executive Arrested in Myanmar for Alleged Rice Price Inflation

Authorities detain 11 individuals, including a Japanese supermarket official, amid economic instability and a depreciating currency.

Hiroshi Kasamatsu, an executive at Aeon Orange, is among those arrested for allegedly selling rice above regulated prices.
The detainees face charges of inflating rice prices by 31% to 70%, violating government-set levels.
Myanmar's economic turmoil, exacerbated by the 2021 coup, has led to soaring rice prices and widespread poverty.
Japan's government is seeking the early release of Kasamatsu, emphasizing diplomatic support and communication with local authorities.
The arrests highlight ongoing struggles with currency depreciation and the impact of black market exchange rates on businesses.