Japanese investors are providing millions of dollars to a real estate scheme that enriches the Myanmar military.

JFM is one of six organisations releasing an open letter calling on Japan to withdraw investment and stop the injection of public funds into the Y Complex project, following US sanctions on the Myanmar junta's defence ministry.

Eight investors in Tokyo Tatemono and Daiwa House Industry have replied to a letter sent by CSOs regarding concerns over the Myanmar military linked Y Complex project. More action is required of investors to prevent complicity in human rights violations.

Eight civil society organizations that are deeply concerned about the business relationship that Japanese companies have with the Myanmar military sent a letter dated to 101 corporate investors holding shares in Tokyo Tatemono Co., Ltd. or Daiwa House Industry Co., Ltd, regarding the Y Complex project.

Several Japanese companies that are investors in Y Complex, a mixed-use real estate development on land controlled by Myanmar’s military, risk breaching US sanctions imposed against military entities for their role in human rights abuses. Human Rights Now, Japan Volunteer Center, Justice For Myanmar and Mekong Watch demand responsible disengagement

Commercial dealings with abusive military undermines rights, Human Rights Now, Human Rights Watch, Japan International Volunteer Center, Justice For Myanmar, and Mekong Watch said in a joint press release on the Y Complex project.

Leaked official documents reveal land lease payments to the office of the quartermaster general of the Myanmar army for the Y Complex development. Justice For Myanmar calls for suspension of Y Complex project until democracy is restored and land is controlled by civilian government.

Human rights activists in Myanmar are raising concerns about a USD$330m real-estate deal between the Myanmar military, Japanese state-controlled financial institutions and major Japanese corporations. The deal has gone ahead with zero civilian financial oversight and despite a high probability that the project will finance the military’s crimes against humanity and war crimes in Myanmar’s ethnic regions.