JAKARTA (Reuters) - Japanese companies will invest $5.6 billion (4 billion pounds) in Indonesia, following President Joko Widodo's visit to Tokyo, the head of Indonesia's investment board said.
Toyota Motor (T:7203) will invest $1.6 billion while Suzuki Motor (T:7269) will increase its planned investment by $1 billion, Franky Sibarani, chairman of the Investment Coordinating Board, said in a press release on Thursday, without giving a timeline.
Southeast Asia's largest economy also attracted $3 billion in Japanese commitments for other industries including textiles, steel, fisheries and power, Sibarani said, adding that the commitments will be realised this year.