They said the job creation law is an important point to boost the confidence of investors and prospective investors. With the regulation, the level of ease-of-doing business in Indonesia will improve.
Jakarta (ANTARA) - Japanese businesspersons perceive Indonesia's job creation law as crucial to help boost the confidence of investors, according to Industry Minister Agus Gumiwang Kartasasmita.

Kartasasmita made the statement after meeting with the Japan Business Federation (Kaidanren) that members 100 companies in the country and the Japan External Trade Organization (JETRO), a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world.

"They said the job creation law is an important point to boost the confidence of investors and prospective investors. With the regulation, the level of ease-of-doing business in Indonesia will improve," the minister noted in a statement here on Thursday.

The minister believes that Kaidanren and JETRO had lauded Indonesia's policy on import substitution.

"They understand that the policy is the Indonesian government's attempt to protect their investment. Next, we will also impose other instruments, such as the local content," he remarked.

During the visit, the minister met with officials of the Ministry of Economy, Trade, and Industry (METI) to assess the follow-up of the Indonesia-Japan Economic Partnership Agreement (IJEPA) and the New Manufacturing Industrial Development Center (New MIDEC) and boost investment in the petrochemical industry.

During his second-day visit in Japan, Kartasasmita had planned to meet some automotive manufacturers, including Toyota Motor Corporation, Honda Motor Company.Ltd, Suzuki Motor Corporation, and Mazda Motor Corporation.

Kartasasmita will be the first minister to have paid a visit to the country since it announced a state of emergency in April 2020 owing to the COVID-19 pandemic.

According to the minister, it demonstrated that Indonesia was viewed as a key partner for Japan. Related news: Job Creation Law accelerates investment licensing to boost economy
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Translator: Sella P Gareta, Sri Haryati
Editor: Suharto
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