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In Japan, Bank Indonesia Promotes Local Products Trade and Investment

Bank Indonesia promoted potential investment in Indonesia and trade in the country’s local products in Japan as an effort to recover the national economy and intensify economic cooperation between the two countries.

“Bank Indonesia, as a central bank, is placing the promotion of investment and trade in local products as one of its focuses since they are believed to be instrumental for recovering the national economy,” stated Governor of Bank Indonesia, Perry Warjiyo, in a statement received in Jakarta on Wednesday, November 8, 2023.

The central bank also held a dialogue with Japanese academics to discuss its policy mix that is expected to help Indonesia recover its economy.

Both the promotion and dialogue were held on the occasion of the Indonesia Investment Forum that took place in Tokyo, Japan, on November 6-7, 2023, under the collaboration between Bank Indonesia, the Ministry of Investment, Indonesian Embassy to Japan, and ASEAN-Japan Centre.

During the Indonesia Investment Forum, Warjiyo invited Japanese potential businesses to invest in Indonesia while highlighting five factors for their considerations.

According to Warjiyo, the five factors that make Indonesia a promising nation to invest in involve the country’s stable macro economy, high rate of economic growth, constant structural reform, acceleration of economic and financial digitization, and development of inclusive and sustainable economy.

To boost investment of Japanese businesses in Indonesia, Bank Indonesia and the Investment Ministry worked together to organize a business matching activity to offer Japanese investors and corporations 10 clean and clear projects in Indonesia that have passed a selection process.

The 10 selected projects are related to the sectors of renewable energy, service, and health. Japanese business actors showed their keenness to invest in Indonesia by signing several letters of intent.

Source: Tempo.co