Indonesia, Japan agree to boost cooperation on investment

17:44, January 11, 2010      

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Indonesian President Susilo Bambang Yudhoyono on Monday met Japanese Minister of Economy, Trade and Industry Masayuki Naoshima at the State Palace, both agreeing to boost cooperation on investment.

Indonesia needs investment to build massive infrastructure to spur economic growth with an target of 6.6 percent a year within the next five years. Indonesia has seen Japan as one of the sources of investment to build roads, bridges, ports and other infrastructure facilities.

The Indonesian president said it needs investment from Japan to achieve the economic growth target and in this case Japan is ready to continue the cooperation with the Indonesian side, Naoshima told a joint press conference after the meeting.

Indonesian Trade Minister Mari Elka Pangestu said Japan seemed to be interested in investing in infrastructure and some new sectors such as energy.

"In the infrastructure sector, it seems that the Japanese government can help," she said.

Japan, as one of the top investors in Indonesia, has investment in the sectors of automobile, electronics, textile and others.

The Japanese minister arrived on Sunday and would leave for Japan on Monday afternoon.

Source: Xinhua
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