Financial Insights That Matter
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.
The DBJ and the Indonesia Investment Authority (INA) will set up a jointly run operating company, with each side contributing $30 million. This will mark the DBJ’s first partnership of this kind with a foreign state-backed fund.