Indonesia to Monitor Japan's Economy Regarding Samurai Bonds Plan

February 23, 2024, 08.59 AM | Source: Reuters
Indonesia to Monitor Japan's Economy Regarding Samurai Bonds Plan

ILUSTRASI. Examples of Japanese yen banknotes are displayed at a factory of the National Printing Bureau producing Bank of Japan notes at a media event about a new series of banknotes scheduled to be introduced in 2024, in Tokyo, Japan, November 21, 2022. REUTERS/Kim Kyung-Hoon

BOND - JAKARTA. Indonesia's finance ministry will monitor developments in Japan's economy, an official said on Thursday, responding to a question on whether a recession there could affect Jakarta's yen-denominated bonds issuance this year.

Read Also: Bakrie Group Stocks: A Buying Opportunity After Recent Surge?

Japan slipped into a recession at the end of last year after its gross domestic product shrank for two straight quarters.

"We will continue to be prudent and measurable in our debt issuance. We will also monitor market developments ...including Japan's economy," Suminto Sastrosuwito, the ministry's head of budget financing, told reporters.

Read Also: Aneka Antam (ANTM) Prepares for Exploration of 2 New Nickel Mining Concession

Indonesia has set a target for its debt issuance this year of 648.1 trillion rupiah ($41.58 billion), of which 107.6 trillion rupiah, or around 17% of the total target, has been issued as of January.

Editor: Yudho Winarto

Latest News