Jakarta (VNA), Feb. 15 -- Indonesia and Japan have signed an exchange of notes concerning a loan worth 31.8 billion JPY to improve the Southeast Asian country's management capacity in mitigating impacts of natural disasters.

Director of Asia Pacific Affairs of the Indonesian Foreign Ministry Santo Darmosumarto and Japanese Ambassador to Indonesia Masafumi Ishii were the signatories.

Speaking at the signing ceremony on February 14, Economic Counselor of the Japanese Embassy in Jakarta Shimizu Kazuhiko said the loan project in JPY is aimed at improving Indonesia's natural disaster mitigation capacity by encouraging the improvement of policy and system by the country's relevant ministries.

The loan, to be channelled through the Disaster R...