Multiple reports say several major foreign banks are cutting back their exposure to Indonesia and shifting earnings out of the country. Bloomberg reports that the three largest foreign banks in Indonesia have moved about $640 million in earnings out of Southeast Asia’s largest economy since 2024. The reporting links the reduction in exposure to changes under President Prabowo Subianto and a broader shift toward more state-focused economic policies, which some investors see as increasing risk. The Japan Times similarly describes banks as becoming more cautious, saying some decided to curb exposure as concerns grow about Indonesia’s policy direction and its impact on foreign investor confidence. Together, the sources indicate a pattern of banks reducing holdings or taking less risk, while continuing operations through regulated activity in Indonesia. The accounts do not cite specific bank-by-bank decisions or provide details on any regulatory actions, focusing instead on the broader trend of banks managing exposure as sentiment toward policy changes shifts.