Economy

China's yuan recovered all intraday losses on Sept. 19 to close near a 16-month high against the dollar.
Arsjad Rasjid, left, has been ousted as chairman of the Indonesian Chamber of Commerce and replaced by Anindya Bakrie, right. Rasjid and his supporters, who are fighting the takeover, have been barred from the organization's Jakarta headquarters, background. (Nikkei montage/Source photos by Reuters)
Economy

Turmoil in the Indonesian Chamber of Commerce: 5 things to know

Analysts see takeover as aligning group with President-elect Prabowo

19 September 2024
The U.S. Federal Reserve cut interest rates on Sept. 18 in response to strong economic data.
Finance

Fed cuts rates for first time in 4 years, by half a percentage point

Yen at 142 to dollar following news of lower U.S. interest rates

19 September 2024
The bridge over the Yalu River connecting North Korea and the Chinese city of Dandong serves as a key trade channel between the two countries. (Photo by Kohei Fujimura)
North Korea tensions

North Korea's trade with China on track to recovery from floods

August brings improvement in exports, imports over disaster-hit July

19 September 2024
In Xi Jinping's China, local government officials are using a metaphor about selling woks as scrap metal as they struggle to pay down their mountains of debt. (Nikkei montage/Source photos by Getty Images and Yusuke Hinata)
China up close

Analysis: 'Smash iron woks' -- a Great Leap Forward idiom returns to China

A buzz phrase telling people to sacrifice everything reflects nation's current plight

19 September 2024
A woman arranges fresh fruit for sale at her stall in a Taipei market.
Trade

China to suspend tariff exemptions on many food imports from Taiwan

Vegetables, aquatic products included; Beijing faults bans on mainland exports

19 September 2024
The United Arab Emirates has been pursuing trade deals in a bid to diversify its economy beyond energy.
Trade

Japan aims to expand auto exports to UAE via trade pact

Two sides agree to economic partnership talks with eye on energy investment

19 September 2024
Tourists look at a sign outside a fish restaurant in Tokyo. Japan has seen an influx of foreign visitors in the wake of the COVID pandemic.
Travel & Leisure

Number of visitors to Japan hits August record of over 2.9m

January to August total tops 24m, up nearly 60% from last year

18 September 2024
Indonesia's Central Bank Governor Perry Warjiyo expects inflation to remain low for the rest of the year and in 2025.
Economy

Indonesia's central bank cuts rate to boost economic growth

Bank Indonesia trims policy rate by 0.25% in first lowering since 2021

18 September 2024
U.K. Trade Minister Douglas Alexander tells Nikkei Asia in Bangkok that the new Labour government sees Southeast Asia as a key 'growth engine' for its trade policy. He was speaking on Sept. 18 ahead of signing an enhanced trade partnership with his Thai counterpart. (Photo by Shinya Sawai)
18 September 2024
A woman poses for a souvenir picture in front of a portrait of late Chairman Mao Zedong at Tiananmen Square in Beijing.
Opinion

China's raising of the retirement age is no crisis response

The economically and politically pragmatic changes offer lessons to policymakers globally

18 September 2024
Commentators speculate that the replacement of Arsjad Rasjid, right, by Anindya Bakrie, left, as KADIN's head is linked to maneuvering by Indonesian President Joko Widodo (Source photos by AFP/Jiji and Reuters) 
Economy

Indonesian business community stunned by chamber of commerce takeover

KADIN leadership change resembles political party maneuvers

18 September 2024
A container ship docked at Oi Container Terminal in Tokyo. Japan's overall trade balance in August resulted in a deficit for the second straight month. (Photo by Kohnosuke Urata)
Trade

Japan's exports grew for the ninth straight month in August

Shipments to the U.S. narrowly fell for first decline in almost three years

18 September 2024
Residents wade through flooding at a broken bridge in Myanmar's capital, Naypyitaw, on Sept. 17.
Natural disasters

Myanmar victims push Southeast Asian death toll from Typhoon Yagi past 500

Flooding affects an estimated 631,000 people across the country

17 September 2024
The Meidi-ya Ginza commercial building site in Tokyo's Ginza shopping district fetched the highest land price per square meter at 42.1 million yen ($300,000), topping the list for the 19th consecutive year.
Economy

Japan land prices see sharpest rise since 1992 on tourism, foreign investment

Commercial land saw a 2.4% jump while residential land rose 0.9 %

17 September 2024
After the weekly cabinet meeting, Thai Finance Minister Pichai Chunhavajira finally provided initial disbursement details on Pheu Thai's long-delayed 10,000 baht handout scheme that has caused concern in financial circles, including at the Bank of Thailand. (Photo by Adryel Talamantes)
Economy

Thai cabinet approves first tranche of 10,000 baht handout

Flagship Pheu Thai scheme to prioritize poor and disabled this month

17 September 2024
Thai Prime Minister Paetongtarn Shinawatra delivers her government's policy proposal to parliament in Bangkok on Sept. 12. 
Economy

Thai PM Paetongtarn pleads for stability to stimulate economic revival

New leader guarantees medical marijuana, pitches casino complexes

17 September 2024
A collapsed bridge over Vietnam's Red River has become emblematic of the destruction wrought by Typhoon Yagi.
Natural disasters

Vietnam to rebuild key bridge in wake of devastating super typhoon

Damage from worst storm to hit nation in 70 years estimated at $1.6bn

17 September 2024
The flags of Australia, left, and the United Arab Emirates. Australia is hoping that a trade deal the countries have completed will lead to investment for its minerals sector. (Source photos by Reuters and AP)
Trade

Australia secures trade deal with UAE, eyes cash for critical minerals

Agreement will boost exports by AU$678m a year, minister says

17 September 2024
The eruption of an underwater volcano off Tonga on Jan. 15, 2022 triggered tsunamis and damage from which the Pacific island nation is still recovering.
Natural disasters

Tonga struggles to break cycle of disaster and debt

Pacific island countries call for international community to step up aid

17 September 2024
Expectations are rising that Japan's next prime minister will bring about political change, but doubt remains whether the ruling party will embrace reform.
Asia Insight

Japan's next prime minister: Old guard, young blood or first woman?

9 candidates line up to lead LDP, which has ruled country for 65 of last 69 years

17 September 2024
Kazakh President Kassym-Jomart Tokayev, right, and German Chancellor Olaf Scholz attend an official welcoming ceremony in the Kazakh capital of Astana on Sept. 16
Trade

Germany's Scholz visits Kazakhstan to boost trade in rare earths, oil

But chancellor says deals must not circumvent EU sanctions on Russia

16 September 2024
The government has struggled to make good on a populist money handout campaign promise by Pheu Thai, the main party in the governing coalition. 
Economy

Thailand expects less than 40m to get handouts, official says

Some 36 million have already registered for controversial economic stimulus

16 September 2024
A fallen tree lays across a car amid heavy rainfall after Typhoon Bebinca made landfall in Shanghai on Sept. 16.
Natural disasters

Typhoon Bebinca lashes Shanghai in strongest storm since 1949

Storm with 151kph winds forces airports to cancel more than 1,400 flights

16 September 2024
Shipping containers lie in piles at a port in China's Jiangsu province on Sept. 10.
Caixin

Freight rates plummet as China's export growth slows

Shanghai container index for North America route down nearly 40% from July highs

16 September 2024