Starting A Visit To Japan, Sri Mulyani Directly Met The Entrepreneurs Association

Photo: Instagram @smindrawati

JAKARTA - The Minister of Finance (Menkeu) Sri Mulyani is known to be on an official visit to Japan earlier this week.

Sri Mulyani explained that bilateral relations between Indonesia and Japan had been going on for a very long time, to be precise in 1958 when the two countries had shared economic and political relations.

According to her, Japan is one of Indonesia's main export destinations, apart from the United States and China.

Japan is also the fourth largest investor in Indonesia.

"Starting my series of working visits in Tokyo, I met Keidanren, Japan Business Federation," she said in a written statement quoted on Tuesday, February 14.

Minister of Finance said, throughout 2022 Japan will invest US$3.6 billion in Indonesia. It was stated that this investment consisted of two major sectors, namely automotive and transportation (including industry) and electricity, gas, and water supply.

As for the trade side, Indonesia's exports to Japan will grow by up to 40 percent throughout 2022 with supporting commodities including mineral fuels, electrical machinery, precious metals, and jewelry, as well as nickel and its derivative products.

“Imports also grew 20.4 percent. This is a sign of good economic relations between the two countries," she stressed.

She hopes that the collaboration that has been built for more than half a century can be continued and maintained into the future.

"Hopefully through this meeting with Keidanren, bilateral relations, especially in the economic sector, between Indonesia and Japan will continue to grow and strengthen. It's time for Asia to move forward together! From the meeting with Keidanren Tokyo, 13 February 2023," concluded Sri Mulyani.