EXCLUSIVE: Indonesia’s market up 75% in July; FTA with Japan
Indonesia's vehicle market continued its strong recovery from last year's sharp decline, with sales rising by 75% year-on-year in July to 38,400 units compared with 21,891 units a year earlier. The market's recovery reflects the ongoing loosening of monetary policy by the Bank of Indonesia, which has cut interest rates from 12.75% to 8.0% in the last year.
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