Indonesia is still attractive: Keidanren<\/p>\n
JAKARTA (JP): A Japanese business leader has hinted that
\nJapanese investors are becoming more and more interested in doing
\nbusinesses in China and India even though Indonesia's investment
\nclimate remains attractive.<\/p>\n
Managing director of Keidanren (the Japanese Federation of
\nEconomic Organizations) Kazuo Nukazawa said in Bali over the
\nweekend that the flow of Japanese investments into China is
\nincreasing substantially because its sponsors are interested in
\nthat country, which provides a huge market with its population of
\nabout one billion people.<\/p>\n
Nukazawa was in Bali to address a four-day business conference
\norganized by the Association of Indonesian Young Businessmen
\n(Hipmi). The meeting ended on Saturday.<\/p>\n
He said India, with its population of 800 million people, will
\nalso become one of Indonesia's main competitors in attracting
\nforeign investments.<\/p>\n
However, Indonesia does remain attractive for Japanese
\ninvestors, he was quoted by Antara as saying.<\/p>\n
A recent press report said that China replaced Indonesia in
\n1993 as the biggest Asian recipient of Japanese investment,
\nabsorbing some $1.7 billion. The figure was up 58 percent from a
\nyear earlier and accounted for 4.7 percent of Japan's total
\ninvestment worldwide.<\/p>\n
According to the Investment Coordinating Board, Japanese
\ninvestment commitments approved by the Indonesian government in
\n1993 declined by 40.72 percent to US$895 million from $1.51
\nbillion in 1992. This, however, still accounted for 19.8 percent
\nof total investment in Indonesia last year. (05)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/indonesia-is-still-attractive-keidanren-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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