Japan is set to raise its investment in Indonesia by injecting money into the country’s auto industry and energy sector, especially in renewable power.

Japan’s Deputy Minister of Economy Yasutoshi Nishimura made the commitment during his recent visit to Indonesia.

According to Indonesia’s Coordinating Minister for Economic Affairs, Hatta Rajasa, Japan will take advantage of investment opportunities in environmentally friendly auto manufacture, geothermal energy and wind and solar energy.

Rajasa said his country encourages foreign investors to aid its geothermal projects in the provinces of Lam-pung, South Sumatra and North Sumatra, adding that Indonesia also hopes to become a manufacturing centre for Japan’s auto industry.

Nishimura also revealed that the two sides have discussed plans to continue work on the Metropolitan Priority Area (MPA) projects to expand and upgrade Jakarta.

The MPA has been established by the two countries so that J akarta can be developed into a more attractive and suitable area for direct investment and industrial development.-VNA