Story perspectives

Japan and Indonesia Boost Local Currency Trade, Exports Rise

12/19/2025

Summary

Story summary

Japan's Finance Minister Satsuki Katayama and Indonesian central bank governor Perry Warjiyo signed a memorandum on December 15, 2023, to promote local currency use in bilateral transactions, building on a 2019 framework.
Japan's exports to the U.S. increased in November 2023 for the first time in eight months, primarily due to a rebound in automobile exports.
The Bank of Japan is likely to raise its short-term policy rate due to improving business sentiment among manufacturers, although inflation concerns may affect future demand for Japanese exports in the U.S.

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Story summary

Japan's Finance Minister Satsuki Katayama and Indonesian central bank governor Perry Warjiyo signed a memorandum on December 15, 2023, to promote local currency use in bilateral transactions, building on a 2019 framework.
Japan's exports to the U.S. increased in November 2023 for the first time in eight months, primarily due to a rebound in automobile exports.
The Bank of Japan is likely to raise its short-term policy rate due to improving business sentiment among manufacturers, although inflation concerns may affect future demand for Japanese exports in the U.S.