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Japan in talks to invest $4bn in Indonesia sovereign wealth fund

Investment minister Luhut seeks assistance for building roads, ports and airports

Luhut Pandjaitan, Indonesia's coordinating minister for maritime affairs and investment, told Nikkei Asia that Japan is interested in putting $4 billion in an infrastructure fund. (Photo by Yuki Kohara) 

TOKYO -- Japan is in talks with Indonesia about a potential $4 billion investment into the Southeast Asian nation's new sovereign wealth fund, Luhut Pandjaitan, the country's coordinating minister for maritime affairs and investment, told Nikkei Asia.

Tokyo is keen to collaborate with Jakarta to counter China's growing presence in the region, while Indonesia is eager to build transportation nodes and networks across the archipelago as it seeks to become one of the world's top five economies by 2045.

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