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Indonesia becoming core Japanese investment destination
Institute for Development of Economics and Finance (INDEF) economist Enny Sri Hartati said Tuesday that Indonesia is now becoming an attractive investment destination for Japan
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nstitute for Development of Economics and Finance (INDEF) economist Enny Sri Hartati said Tuesday that Indonesia is now becoming an attractive investment destination for Japan.
"It is because they are in stiff competition with China. They have to become more aggressive in finding new investment destination places," she said in Jakarta as quoted by Tempo.co.
According to Enny, to date, Japan is putting more money to Foreign Direct Investment which is benefiting Indonesia, even though, the Japanese economic has weakened.
"That is due to our long-term partnership with Japan," she said.
The government, she added, had to immediately improve its economic policies to unleash investment flow.
"They also need to make sure policies aren't going to change near election times," she said, referring to the 2014 presidential election.
Investment Coordinating Board data indicates that Japan has dominated foreign direct investment so far this year.
They contributed US$2.3 billion (Rp23.23 trillion) or 17.39 percent of the total foreign direct investment of Rp 132.2 trillion in the first six-month of 2013.
Japanese investment is up 16.2 percent from the same period last year. (fan)
