Research Paper

How Japan Should Engage with “Resource Nationalism without Excluding Foreign Investment”- Insights from the Indonesian Case -

Author	Yoko Kai, Junya Miwa, Yoshimasa Mori, Ichiro Kutani
Summary	In recent years, Indonesia has encouraged foreign investment in upstream oil and natural gas development while placing greater emphasis on the domestic use of its own resources and strengthening government involvement in ...
Outline	In recent years, Indonesia has actively promoted foreign investment in resource development while simultaneously strengthening government involvement in the allocation of output between domestic consumption and exports, as well as in the determination of selling prices. The coexistence of an open stance toward foreign investment in the upstream sector and strengthened government control over the downstream sector constitutes a new form of resource nationalism that differs from traditional models. Japan should respond to the evolving needs of resource-rich countries and secure stable access to resources while contributing to their industrial upgrading and broader economic development.
Keyword	Resource nationalism, Energy security, Oil and natural gas, Domestic Market Obligation (DMO), Critical minerals
Media	ＨＰ (10/1/2026)
Report PDF	https://eneken.ieej.or.jp/data/13554.pdf