Japan plans to invest $5.6 bn in Indonesia - Investment Chief
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JAKARTA, March 26 (Reuters) - Japanese companies will invest US$5.6 billion in Indonesia, following President Joko Widodo's visit to Tokyo, the head of Indonesia's investment board said.
Toyota Motor will invest $1.6 billion while Suzuki Motor will increase its planned investment by $1billion, Franky Sibarani, chairman of the Investment Coordinating Board, said in a press release on Thursday, without giving a timeline.
Southeast Asia's largest economy also attracted $3 billion in Japanese commitments for other industries including textiles, steel, fisheries and power, Sibarani said, adding that the commitments will be realised this year.
