JPYIDR 27th JUNE 2022Japan's economy has been sluggish, people have lost confidence and fear of uncertainty in the future. The high fiscal surplus that hoisted Japan's total assets to rank first since 1991, began to move the other way around. As an aging population begins to eat away at reserves, the Land of the Rising Sun must also depend on foreign creditors to finance fiscal deficits and cut debt that continues to spiral up. After a few years, Japan's debt became twice as large as gross domestic product. It is very difficult to continue with fiscal policy depending on the issuance of government bonds since the economic collapse in the early 1990s.
perspective of the Indonesian economy. President Joko Widodo and his cabinet members held a limited meeting with the topic of discussing the downstreaming of the digital economy.
After a limited meeting, the head of state together with the ministers agreed that the prospect of the digital economy has a bright future. Meanwhile, digital economy growth in the future is estimated to grow eight times, in which the e-commerce sector will play a role of around 34%. Even the deputy finance minister is optimistic that the Indonesian economy in the last 20 years has been extraordinary, our per capita income could increase more than 5 times in the next 20 years.
