Japan, Indonesia sign economic MoU
More Japan stories: if anyone doubts Japan is still a major economic player in the region, this week’s news should set them straight. As its companies, tourists and investors continue to explore Southeast Asia, the Japanese government has reminded us that Japan will indeed finish 2010 as the world’s second largest economy despite pessimistic predictions otherwise.
Japanese Foreign Minster Seiji Maehara also visited Indonesia this week and signed a Memorandum of Understanding on economic development cooperation. The MoU falls under the Metropolitan Priority Area (MPA) program, designed to improve infrastructure in Indonesia’s urban areas and would see Japanese investment in roads, electricity, railways, water and ports. The main focus for now is improving conditions in Jakarta, but the countries would like to use their cooperation as a model for investment in other industrial areas, as well as a basis for improved social communication.
source & articles: The Jakarta Post, Wall Street Journal
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