Note: This article was originally published in The Jakarta Post  on 9 October 2018. A joint op-ed by Prof Hidetoshi Nishimura, Dr Dionisius Narjoko, and Dr Fauziah Zen entitled ‘Short-term pain, long-term gain for RI’ was published.

Many eyes are on Indonesia, questioning the attractiveness of the country as an investment destination amid significant rupiah depreciation. Is it still smart to put money into the country? Will the country survive the exchange rate depreciation? Or is the country turning towards protectionism? These are some of the questions posed by many Indonesia observers, especially global investors. (Read the full article in paper edition here).

Photo caption and credit: For some time, the rupiah has been under pressure from the tightening of US monetary policy. (Antara/Puspa Perwitasari)