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Jakarta Post

Huge opportunity from Japanese investment

  • Ade Elimin and Shunsuke Wariishi

Jakarta   /   Mon, August 23 2010   /  09:33 am

In mid-July, the Japan Credit Rating Agency, Ltd. (JCR) raised Indonesia’s rating to investment grade, which reflects growing confidence in the management of Southeast Asia’s largest economy, which has proved resilient.This is certainly great news for Indonesia, as investment grade rating will boost the confidence of foreign investors in the country, especially since this step is expected to be followed by international rating agencies. Analysts have also said that Indonesia “may be able to get cheaper funds from Japan”, which is its largest creditor.In a recent visit to Japan, we met with a number of Japanese businesses and attended seminars where we gained insight into the perspective, understanding and expectations of Japanese businesses on investment in Indonesia. They are generally very eager to invest in Indonesia, given its vast population, relatively cheap labor, increasi...