Jakarta, May 18 -- The Indonesian government is open to deploying various instruments to stabilize the rupiah's exchange rate, Finance Minister Purbaya Yudhi Sadewa affirmed, placing emphasis on greater intervention in the bond market.

"We have gradually entered the bond market, as have foreign parties. In this way, we can expect to witness stabilization in the coming weeks," he told the press after a meeting with President Prabowo Subianto in Jakarta on Monday.

Speaking at the Presidential Palace complex, Purbaya emphasized that the government will "enter the bond market every day."

When asked about the preferred scale of intervention, the finance minister said the government is targeting daily injections of around Rp2 trillion (more ...