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Indonesia in talks with Japan to create sovereign wealth fund

Southeast Asian nation seeks funding for infrastructure, capital relocation

Indonesian President Joko Widodo and Japanese Prime Minister Shinzo Abe attend the East Asia Summit in Bangkok last month.   © Reuters

JAKARTA -- Indonesia is in talks with countries including Japan to establish a sovereign wealth fund, as it looks to double down on investment and boost economic growth.

Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan revealed that Indonesia was considering such a fund after a meeting on Tuesday with President Joko Widodo and Tadashi Maeda, governor of Japan Bank for International Cooperation, a Japanese public financial institution and export credit agency.

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