Japan promises even more investment in Indonesia’s future
Japan, already Indonesia’s biggest bilateral donor and one of its most significant investors, has reaffirmed its commitment in statements made by the Japanese Ambassador to Indonesia, Kojio Shiojiri, at a seminar on the two countries’ mutual cooperation last week. Japan has been an avid investor in Indonesia for over 50 years and has contributed a whopping US$43.89 billion in Official Development Assistance (ODA) over that time, with current outstanding loans at $24.07 billion. Much of this since the late 1990s was in non-project-specific financial support and partly aimed at helping Indonesia through tough times. More recently though, it has had on specific aims like regional development, energy and transport, and government decentralization.
Japan also benefits from the relationship. It is a large importer of Indonesia’s oil and gas, and would dearly love to fill Indonesian cities’ mass transit system gaps with its high tech hardware.
Japan’s new Prime Minister Naoto Kan also met with Indonesian President Susilo Bambang Yudhoyono at the recent G20 summit in Toronto.
source & article: The Jakarta Post
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