In addition to the state so fond of giving loans to other countries, Japan was also wrapped by the middle of the debt, which at the end of the first half of 2013 has broken the 1,000 trillion yen.
Japanese Finance Minister in a statement today, Friday (08/09/2013), said Japan's total national debt at the period exactly reached 1008.6 billion yen or 10.46 billion U.S. dollars (approximately USD 100.000 billion). The amount is up 1.7 percent from the previous 3 months.
The amount of debt it will encourage Prime Minister Shinzo Abe's government to raise taxes in order to reduce the impact of increasing the amount of the debt. Japan's debt burden is greater than the combined debt of the government three other developed countries, namely Germany, France, and the UK, a total of 830.5 trillion yen.
If taxes are raised, it will further increase the burden of the Japanese people, who currently have to bear the high cost of living. Meanwhile, ratings agency Moody's Investors Service said the ballooning debt will erode investor confidence in the Japanese government.
Meanwhile, analyst at Royal Bank of Scotland Group Plc Tokyo, Hanhua Wang, said, raising taxes is the closest option to be taken Japanese Government.
Donations consumption will be boosted to 8 percent from the previous 5 percent. Portion of it will be increased to 10 percent in October 2015. Abe said that he would make a final decision after the release of the latest data on Japan's economic growth will come Sept. 9.
When compared with Indonesia, of course, Japan's debt is much larger. Indonesia last total debt was around Rp 2,156 trillion.
The Government requested the Japanese car manufacturer to make Indonesia its production base to meet the supply in regional markets.
Coordinating Minister for the Economy Hatta Rajasa was speaking during a meeting with Economy Minister Akira Amari. Told reporters he explains, the move could reduce imports of automotive components.
"We want them to production based here, and let me emphasize that there is coordination had not been going well," Hatta said during a press conference in his office, Jakarta, Monday (07/15/2013).
Hatta added that the associated coordination Indonesia Japan Partnership Agreement, particularly in terms of Manufacturing Industry Development Economic Cooperation (MIDEC). That is, there are small and medium manufacturing industries that will support a large industry in Indonesia.
The hope, manufacturing activities Indonesian companies with the support of the Japanese companies can wake up. Hatta explained MIDEC key of this is to eliminate dependence on imported components in support of the industry in this country.
"I was stressed and I'm in the next meeting, MIDEC has become one of the important points for us realized," he added.
On the other hand, Indonesia also offers geothermal project development cooperation projects in several locations in Indonesia, as the existing one in North Sumatra, South Sumatra to Central Java.
Hatta said that Japanese investment in Central Java is still hampered by land. However, it is optimistic to resolve the issue so that Japan can invest immediately. The land is prepared to reach 200 ha.
"So actually relatively small live to finish it. Limit it October already had financial closing. It is the largest project in the power plant 2 x 1,000 MW," he explained.
Organizations from Japan, the New Energy and Industrial Technology Development of Japan (NEDO) will hibahkan Rp 350 billion in the form of equipment to help monitor electricity savings in the industrial park, which is located in the area Suryacipta Karawang, West Java.
Today, Monday (15/07/2013), the Government of Indonesia, through the Director-General of New Renewable Energy and Energy Conservation (EBTKE) Ministry of Energy and Mineral Resources (ESDM) and Nedo has signed a memorandum of understanding (MoU) related to these activities.
Cooperation between Japan and Indonesia this involves some Japanese and Indonesian companies, including Sumitomo Corporation, Mitsubishi Electric, PT PLN and PT Suryacipta Non.
"We also have to save electricity, how to campaign one of them. Nedo has expertise in energy savings," said Minister of Energy and Mineral Resources, Jero Wacik at the Ministry of Energy and Mineral Resources, on Monday (07/15/2013).
Experimental energy savings in the region conducted by Suryacipta will dipasangkannya tool to monitor energy savings. Otherwise it will be paired technologies that make power supplies more stable, so it will be able to save electrical energy.
In addition around the region will also be applied to electricity savings program, which is expected to save 15 percent of energy used.
"In addition to creating the new energy, energy saving is done from downstream.'s Already started since the signing of the MoU was. During this could be used 2-5 Mega Watts, but it could save as much as 15 percent of it was incredible," said Jero.
He expects, if the project is successful, then this energy saving technology will also be paired in hotels and office buildings. "The Japanese government assistance is a grant. Was not money, but the equipment and technology," Jero lid.
Tokyo stocks fell to 3.51 percent in afternoon trading today, Wednesday (08/07/2013) due to selling pressure triggered by the collapse of stock prices on Wall Street and the strong yen.
The Nikkei 225 index lost 505.58 points to 13895.48. Selling pressure even louder on this day as the yen strengthened, "said Kenzaburo Suwa, Okasan Securities analyst.
Previously, Wall Street overnight closed lower as U.S. economic data and comments from the Fed is likely to cut stimulus. The Dow Jones Industrial Average fell 0.60 percent to 15518.74, or the biggest decline since June.
Meanwhile in the foreign exchange market, the exchange rate of the U.S. dollar fell against the yen, in addition to the signal of the stimulus from the Fed which will be reduced in the foreseeable future. This indicates that the supply of U.S. dollars in the financial markets will be reduced.
Meanwhile, a strong yen would allegedly burdensome because the products of Japanese exporters menjaditidak competitive.
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