Notwithstanding, along with strong corporate profits and positive future expectations, investor confidence is also high due to the resurgent global excess liquidity inflows to Indonesian financial markets, making the JSX Composite one of the best performing indices in the world (Graph 2).
The voices of the poor do not of course have the same opportunity of collective articulation, and we therefore have to make the extra effort to listen to this “silent constituency”. In any case, as historical evidence demonstrates, there is really no trade off between price stability and growth in the medium term.