In response to the rapid depreciation of the yen, JETRO (Japan External Trade Organization) investigated the impact on exports by item, and found that nearly half of the exports increased in volume. We can see that the depreciation of the yen has had a positive effect in some areas.
As the price of cooking oil rises due to the situation in Ukraine, Indonesia will resume the export of palm oil, which was temporarily banned in order to prioritize domestic supply, on May 23rd. the focus is on how to ease the pressure on international price hikes.
The Minister of Trade Agus Suparmanto reopened the permits of raw materials export for masks, ready-made masks, and Personal Protective Equipment (PPE) in the midst of the transition to Large-Scale Social Restrictions (PSBB) towards a new normal order.