Japanese firms maintain investment plans in Indonesia
Japanese companies operating in Indonesia will stick to their future investment plans, despite declines in sales and production due to the COVID-19 pandemic, a survey conducted by the Japan External Trade Organization (JETRO) has shown.
Workers assemble parts of a Daihatsu car in an Astra Daihatsu Motor factory in Karawang, West Java (Photo: Antara)
Jakarta (VNA) - Japanese companies operating in Indonesiawill stick to their future investment plans, despite declines in sales and productiondue to the COVID-19 pandemic, a survey conducted by the Japan External TradeOrganization (JETRO) has shown.
The survey, which illustrates the impact the pandemic hashad on more than 350 Japan-based companies operating in Indonesia, showed thatdue to the pandemic, 80 percent of the companies have seen a decrease in sales,with 37 percent stating their sales had fallen to half their normal levels inthis year’s second quarter.
Despite plunging sales and production rates, 69 percent ofrespondents remained confident about their future investment strategies inIndonesia. Only 15 percent intended to slash their future investments amid thecurrent economic woes.
“Many Japanese companies still see Indonesia as a potentialmarket. While it’s true that demand is decreasing in the short term,consumption will return in the long run,” JETRO senior director Wataru Uenotold reporters during an online briefing on July 7.
Japan was the fourth largest contributor of foreign investment toIndonesia in the first quarter of the year, investing 604.2 million USD. Lastyear, it invested a total of 4.3 billion USD, making it the third-largestforeign investor overall, just behind China and Singapore, InvestmentCoordinating Board (BKPM) data showed./.
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Workers assemble parts of a Daihatsu car in an Astra Daihatsu Motor factory in Karawang, West Java (Photo: Antara) 
