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Softbank To Invest In Indonesia's New Capital

Japan’s SoftBank SFTBY, -0.34%   is offering to invest $30 billion to $40 billion in the development of a new Indonesian capital, an official said Friday.

The billionaire founder and chief executive of SoftBank Group Corp., Masayoshi Son, hinted at partnering with the Indonesian government to fund the project when he met President Joko Widodo last week in the capital, Jakarta.

Son and former British Prime Minister Tony Blair have been inc