Indonesia Promotes Tourism in Japanese Festival
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The Indonesian government participated in the “Singen-ko Festival 2017” held in the Yamanshi Prefecture, Japan, to promote the tourism sector and investments in Indonesia.
Indonesia was represented by state-owned airline PT Garuda Indonesia, assigned to strengthen the Indonesia-Japan diplomatic relationship.
“The Garuda Indonesia team is led by Garuda Indonesia Commissioner Jusman Syafeii Djamal, accompanied by House of Representatives Commission X member Niko Siahaan, and a number of local celebrities, such as Donna Agnesia, Okky Lukman, Indra Bekti, and Vincent,” Indonesia’s special envoy for investment affairs Rachmat Gobel said on Monday, April 10, 2017.
According to Gobel, Indonesia’s involvement in such cultural festival is a strategic way to strengthen ties between Indonesia and Japan. In addition, Garuda has served Japanese wine products from Yamanase on its flights. Therefore, Gobel said Indonesia must seize the opportunity to attract more Japanese investors.
Data from the Investment Coordinating Agency revealed that Japan is the second largest investor with a total investment value of US$5.4 billion after Singapore in 2016. Japan has made investments in almost all sectors, such as manufacturing, infrastructure and automotive.
In addition, Japan recorded a surplus of USD 25 billion in current trade balance in February 2017, increasing from USD 588.6 million in January. Official data from the Japanese government showed that the surplus increased by 18.2 percent when compared to last year. Bloomberg forecasted that the current account surplus reached USD 22.5 billion.
Japan has maintained its trade balance surplus for years, thanks to positive trade balance and strong revenues from overseas investments.
Questions & Answers
Q.Which specific Japanese event did Indonesia participate in to promote tourism and investment?
Which specific Japanese event did Indonesia participate in to promote tourism and investment?
Indonesia participated in the “Singen-ko Festival 2017” to promote its tourism sector and investments. This event was held in the Yamanshi Prefecture, Japan.
Q.Who led the Garuda Indonesia team at the festival, and who accompanied him?
Who led the Garuda Indonesia team at the festival, and who accompanied him?
The Garuda Indonesia team was led by Commissioner Jusman Syafeii Djamal. He was accompanied by House of Representatives Commission X member Niko Siahaan, and several local celebrities.
Q.How significant is Japan as an investor in Indonesia?
How significant is Japan as an investor in Indonesia?
Japan was Indonesia's second largest investor in 2016, with a total investment value of US$5.4 billion. It made investments in almost all sectors, including manufacturing, infrastructure and automotive.
Q.What was the latest recorded trade balance surplus for Japan?
What was the latest recorded trade balance surplus for Japan?
Japan recorded a trade surplus of USD 25 billion in February 2017, which was an increase from USD 588.6 million in January. This represented an 18.2 percent increase compared to the previous year.
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