Japan is prepared to provide a total of $2 billion in financial assistance to Indonesia to help support Jakarta's trade financing, Prime Minister Ryutaro Hashimoto said April 8.
The figure involves frontloading $1 billion of a $5 billion "second line of defense" Japan originally promised to put up if aid from the International Monetary Fund, the World Bank and the Asian Development Bank proved insufficient.
The other $1 billion would come in the form of two-step loans from the Export-Import Bank of Japan, which would be channeled to the private sector through the Bank of Indonesia, Hashimoto told the House of Councilors Budget Committee.