Why Indonesia’s Sweeping Overhaul is Spooking Markets

Why Indonesia’s Sweeping Overhaul is Spooking Markets

Since President Prabowo Subianto took office in October, Indonesia’s stock market has slumped and by late March the rupiah had tumbled to its lowest level since the 1997-1998 Asian financial crisis, when the country was bailed out by the International Monetary Fund.

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