Evergrande housing under construction in Wuhan, China. The developer has been accused of counting incomplete projects as revenue. (Photo by Noriyuki Doi)
China debt crunch

China Evergrande fine suggests no more Mr. Nice Guy from Beijing

Watchdog slaps $580m penalty on core unit for inflating revenue

20 March 2024
BOJ Governor Kazuo Ueda speaks at a news conference at the bank's headquarters in Tokyo on March 19. (Photo by Mayumi Tsumita)
Bank of Japan

BOJ ends negative rates, leaves questions over policy direction

Ueda vows to 'set monetary policy like other normal central banks'

19 March 2024
Investors are now asking whether the BOJ will further raise rates this year, and if so, at what pace. (Photo by Nanami Sato)
Markets

Japanese yen slides past 150 after BOJ decision to raise rates

Nikkei average regains 40,000 line; Topix rises 1%

19 March 2024
The China Securities Regulatory Commission has imposed a fine of 4.2 billion yuan ($580 million) on Hengda Real Estate, the mainland unit of Hong Kong-listed Evergrande Group.
China debt crunch

China fines Evergrande for inflating revenue by $80bn

Former senior executives fined for 'extremely horrendous' financial fraud

19 March 2024
India saw 220 initial public offerings on its two big stock exchanges in 2023, up 48% from the previous year.
IPO

India IPO market gains steam, with scooter maker Ola on deck

Foreign investors gravitate toward fast-growing economy as China risks mount

19 March 2024
Unlike in oil and mining, production in the agricultural sector fluctuates yearly in response to shifts in prices.
Commodities

Sluggish grain prices from bumper crop threaten production cuts

Unwinding of built-up short positions could mark turning point for soft market

19 March 2024
The Nikkei Stock Average rose over 1,000 points on March 18. (Photo by Yuji Murakami)
Markets

Japan's stocks rise over 2% as BOJ rate hike expectations build

Annual wage deals give weight to prospects for higher interest rates

18 March 2024
Debt restructuring or swaps for local government financing vehicles, either through banks or special refinancing bonds, will only provide temporary relief against an imminent liquidity crisis, scholars and analysts say.
Caixin

Why China's drive to resolve hidden government debt could fall short

Some estimates indicate nation has around $10tn in such debt

18 March 2024
Surprisingly generous pay raises at some of Japan's biggest corporations might have finally persuaded the Bank of Japan to start moving away from its unconventional monetary policy. (Nikkei montage/Akira Kodaka, Yuji Murakami, and pool)
Market Spotlight

Japan's wage hikes create game-changing inflation dynamic as BOJ meets

Market braces for comprehensive overhaul of the central bank's monetary policy

18 March 2024
Japan's benchmark Nikkei Stock Average hit a record high on Mar. 4: Unlike 1989, there are strong fundamental factors supporting the recent run-up. (Photo by Akira Kodaka)
Opinion

Japan's stock market rally can outlast negative interest rates

Governance reforms and other initiatives are transforming the economy

18 March 2024
Japanese trading house Marubeni is an investor in the Centinela mine in Chile. (Marubeni)
Commodities

Chile copper mine backed by Japan's Marubeni set for $2.5bn international loan

Exclusive: Production expansion for vital EV metal secures financing

17 March 2024
RedDoorz's Jakarta office. London-based Grant Thornton interviewed executives at 4,891 midsize companies in the fourth quarter of 2023. (Photo by Ken Kobayashi)
Gender

Philippines tops women business executive ranking of 28 countries

Thailand, Malaysia, Indonesia place in top 10; Japan, South Korea fall to bottom

16 March 2024
Tata's Nexon electric sport utility vehicle accounted for 23% of all EVs sold in India in 2023. (Photo by Ryosuke Hanada)
Markets

Tata Motors stock soars on EV dominance in India, Jaguar rebound

Indian automaker seeks further boost from split into 2 listed companies

16 March 2024
Stream article image
Announcements

Nikkei 500 Stock Average set for reshuffle

Eight constituents to be replaced based on trading volume, value and market cap

15 March 2024
An unfinished residential building in Tongchuan, in China's Shaanxi province: House prices declined again in February, hinting that steps taken to stem the fall have not worked so far.
Economy

China home prices sink further despite mortgage rate cut

February data shows another 0.3% monthly drop in top-tier cities

15 March 2024
Rare earth concentrate at a Lynas plant in Gebeng, Malaysia: The Australian rare earths miner and processor is the only such company with supply chains outside China.
Commodities

Australia pumps $550m into rare earths refinery project

Funding 'will deliver critical jobs and economic development,' government says

14 March 2024
Sales of offices, stores and other commercial properties in China totaled $38.6 billion in 2023, down from $60.3 billion as recently as 2021. (Photo by Mizuho Miyazaki).
China debt crunch

China commercial property woes trigger surge in distressed sales

More than a fifth of commercial deals involve real estate put into receivership

14 March 2024
Residents of urban villages like this one in Guangzhou are being given vouchers to use in buying a new home. (Photo by Takashi Kawakami)
Property

China tries to steer 'urban village' residents to areas with housing glut

Guangzhou district becomes test case for redevelopment-linked vouchers

14 March 2024
South Korean President Yoon Suk Yeol’s belated ploy to end the “Korea discount” is already falling flat with global investors.
Opinion

South Korea has to do more than 'Value-Up' to convince investors

Without addressing the chaebol, governance reforms won't be taken seriously

14 March 2024
Country Garden was declared in default on dollar-denominated debt in October, but so far has avoided defaulting on yuan bonds.
China debt crunch

China's Country Garden misses yuan bond payment in latest setback

Developer pledges to 'make every effort' to raise funds during 30-day grace period

13 March 2024
Chinese President Xi Jinping and Premier Li Qiang attend the National People's Congress in Beijing on March 11. (Photo by Mizuho Miyazaki) 
China People's Congress

China National People's Congress leaves markets divided

Mainland traders laud support measures, while foreign investors remain cautious

13 March 2024
With virtually zero chance of the Fed cutting interest rates this month, all eyes are on June.
Markets

Temu parent PDD, JD.com shares gain as tech rally reboots

Investors still expect Fed to cut interest rates in June

13 March 2024
Semiconductors have powered the recent stock market rallies in the U.S. and Japan, thanks to an influx of money fueled by the artificial intelligence boom. (Image obtained by Nikkei)
Markets

Japan chip stocks slump amid signs of overheating

Tokyo Electron and Advantest dragged down by Nvidia profit-taking

13 March 2024
Chinese authorities have called on local governments to better support developers' financing needs through coordination with banks.
Caixin

China's Foshan city allows developers to sell new homes before repaying loans

Policy addresses stalled sales and financial strain that usual bank procedure creates

12 March 2024
Indonesian Vice Minister for Foreign Affairs Pahala Mansury speaks during an interview on March 11 in Tokyo. (Photo by Manami Yamada) 
Interview

Indonesian minister urges investment in Jokowi's mineral strategy

Maritime sector could also be part of developing domestic value chains for growth

12 March 2024