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Indonesia bourse attracts investment from Japanese peer

Jokowi government keen to strengthen financial sector as middle class grows

The Indonesia Stock Exchange building in Jakarta: The government is looking to cultivate the country's financial sector as the middle class increasingly takes to stock and bond trading.   © Reuters

TOKYO -- Japan Securities Finance, a provider of capital for margin trades, has acquired a 10% interest in a group arm of the Indonesia Stock Exchange as it seeks to generate business beyond the lethargic Japanese market.

JSF has invested 55 billion rupiah ($3.76 million) in Pendanaan Efek Indonesia, a securities-financing company 90%-owned by the group anchored by the Indonesia Stock Exchange. An agreement on the transaction was reached with Indonesia's Financial Services Authority.

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