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Jakarta Post

Japanese investments create 4.7m jobs in Indonesia: Ambassador

  • Arif Gunawan Sulistiyono
    Arif Gunawan Sulistiyono

    The Jakarta Post

Jakarta   /   Fri, October 13, 2017   /   10:04 am
Japanese investments create 4.7m jobs in Indonesia: Ambassador The Japanese Ambassador to Indonesia Masafumi Ishii (right) chats with the advisor on international cooperation to the Indonesian defense minister Soemadi Djoko Moerdjono Brotodiningrat after the former bestowed Japan’s Order of the Rising Sun, Gold and Silver Star, on the latter at the ambassador’s residence in South Jakarta on Friday. Soemadi was given the 142-year-old honor because of his contributions toward strengthening the friendship between Japan and Indonesia. (JP/Ibrahim Irsyad)

The Japanese government is eager to strengthen its presence in the Indonesian economy, after seeing more than 1,500 Japanese business entities settle in Indonesia and create jobs for 4.7 million employees, equaling to 93.3 percent of workers in those entities.

The Japanese entities in Indonesia generate 18.1 percent of the country's total exports, and support 53.4 million of the working population in the informal sector, according to a data from The Jakarta Japan Club.

The Japanese Ambassador to Indonesia Masafumi Ishii said that his government strongly maintained its commitment to building a long term mutual partnership with Indonesia, as one of its "most important strategic partners."

"The economic partnership is based on a long-term perspective and leads to a win-win relationship," he said during a general lecture at Darma Persada University, in Jakarta, on Thursday.

According to a 2016 survey conducted by Bank of Japan for International Cooperation, Indonesia placed third as the most targeted country by Japanese manufacturing companies. India and China led in the first and second positions, respectively.

Ishii further explained that Japanese entities contributed 10 percent of formal sector gross domestic product (GDP) in Indonesia, worth US$52.5 billion last year. In terms of infrastructure, Japanese investors have been participating in power plant projects in Indonesia with a total combined capacity of 8,740 megawatts. (ags)