“As Myanmar opens its economy towards foreign investors, Japanese Prime Minister Shinzo Abe plans to strengthen economic and bilateral relations between Japan and the newly democratized Southeast Asian nation,” said Japan Daily Press.

The report said that Abe will be accompanied by more than 30 representatives of Japanese companies looking to open up investments in the country.

Abe is expected to hold talks with Myanmar President Thein Sein who is currently in the US meeting with President Obama.

The report also said that the Japanese government and Japan Post Co have tied up a deal that will see them help modernize Myanmar’s postal system and enhance the quality of its services. Japanese Internal Affairs and Communications Minister Yoshitaka Shindo and Myanmar Communications and Information Technology Minister Myat Hein are looking to announce this new cooperation this week, the Japanese website said.