Thai Unrest Spurs Japan Inc. to Turn Focus to Indonesia: Economy
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Indonesia plans to woo companies from Japan to Europe as political turmoil in Thailand and rising wages in Malaysia boost the attractiveness of Southeast Asia’s biggest economy.
The Indonesia Investment Coordinating Board plans to visit Japan, South Korea, China, the U.S. and Europe to promote industrial zones in central and east Java, Chairman Mahendra Siregar said Feb. 28. Japanese companies, the biggest direct investors in Indonesia, are turning to the country as protests in Thailand raise risks in that nation, according to the Japan External Trade Organization.