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Japan Inc to be lured to Indonesia

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Jakarta — Indonesia plans to woo companies from Japan to Europe as political turmoil in Thailand and rising wages in Malaysia boost the attractiveness of Southeast Asia's biggest economy. 

An employee inspects finished refrigerators on the production line at the Sharp Corp factory in Karawang, Indonesia, on Feb. 12, 2014. (Photo by Bloomberg)

The Indonesia Investment Coordinating Board plans to visit Japan, South Korea, China, the US and Europe to promote industrial zones in central and east Java, chairman Mahendra Siregar said on Feb 28. Japanese companies, the biggest direct investors in Indonesia, are turning to the country as protests in Thailand raise risks in that nation, according to the Japan External Trade Organization.

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