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Jakarta Post

Japan offers RI financial shot in the arm

  • Dian Septiari


Jakarta   /   Wed, October 21 2020   /  01:00 am
Japanese Chief Cabinet Secretary Yoshihide Suga gestures as he is elected as new head of the ruling party at the Liberal Democratic Party's (LDP) leadership election paving the way for him to replace Prime Minister Shinzo Abe, in Tokyo, Japan Monday (Reuters/Kyodo)

Japanese Prime Minister Yoshihide Suga has offered Indonesia 50 billion yen (US$473.1 million) in loans to mitigate the economic impact of the COVID-19 pandemic. The prime minister announced the offer in a joint press statement with President Joko “Jokowi” Widodo after a bilateral meeting on Tuesday. "Considering the impact of the spread of COVID-19 on the Indonesian economy, on this occasion, Japan has set a financial loan amounting 50 billion yen to increase Indonesia's disaster management capacity,” Suga said through an interpreter on Tuesday evening. “In addition, Japan will encourage cooperation with health assessment institutions in Indonesia by providing medical goods and equipment." Indonesia has experienced one of the worst COVID-19 outbreaks in Asia, with 368,842 confirmed cases and a death toll of 12,734. The Health Minist...