Indonesia Seeks Japan Investment in Sovereign Wealth Fund

“In general, Japan supports the establishment of SWF in Indonesia. Several Japanese business communities have expressed interest in participating in the development of health tourism in Bali, port operator management, and increasing investment in the Batang Industrial Estate,” said Heri.

Before the meeting with the advisor to Japan’s prime minister, Luhut and Erick met with the Secretary-General of the Liberal Democratic Party (LDP) who is also the country’s former Minister of Economy, Trade and Industry Seko Hiroshige.

The Indonesian delegation has also held a series of meetings with Japanese business leaders, including Mitsui & Co, Mitsubishi Corp, Sojitz, Nippon Steel, and Hanwa.

It was reported that Indonesia has set its target to establish NIA in early 2021 to speed up the country’s economic recovery. The government would inject an initial capital of 75 trillion rupiahs ($5 billion) for the establishment of the NIA.

(Writer: Ade Miranti Karunia | Editor: Bambang P. Jatmiko)

Source: https://money.kompas.com/read/2020/12/04/052200726/luhut-dan-erick-bujuk-jepang-untuk-suntik-dana-di-lembaga-pengelola-investasi.