Indonesia state investor to launch fund with Development Bank of Japan

$60m fund to finance midsize companies with eye toward future tie-ups

20250212N Jakarta trucks

Trucks drive past stacks of containers at the Tanjung Priok port in Jakarta. Logistics is likely to be an area of investment for the fund. © Reuters

YUKI SEKIGUCHI

TOKYO -- The government-backed Development Bank of Japan will as early as Friday launch a $60 million fund with Indonesia's sovereign wealth fund to provide financing to midsize companies in a country with bright economic growth prospects.

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