Indonesia Most Popular Investment Destination for Japanese Expansion
According to a survey of the Japan Bank for International Cooperation (JBIC), 44.9 percent of respondents assessed Indonesia as the most promising investment destination for the next three years. The respondents in this survey involved 500 Japanese companies that engage in international businesses. For Indonesia it is the first time in 21 years that it forms the preferred choice of overseas investments for Japanese companies, thus replacing China. In 2013, Japan already dominates foreign direct investment in Indonesia.
The dramatic decline in popularity of China (falling from 62.1 percent in last year’s survey to 37.5 percent in 2013) was caused by concerns over China’s slowing economic growth, intensifying competition with rivals as well as bilateral political tensions (Japan and China having a territorial dispute over islands in the East China Sea).
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