The Central Business District in Beijing. China's central bank has lowered the rate at which it lends to financial institutions.
Economy

China surprises with one-year policy interest rate cut

Unscheduled MLF adjustment adds to flurry of moves to prop up economy

25 July 2024
A vacant storefront in central Seoul. (Photo by Ahn Seong-bok)
Economy

South Korea's Q2 GDP shrinks 0.2% as incomes decline

Country's economy caught between robust exports and weak domestic conditions

25 July 2024
Japan led investment in the U.S. with $783 billion in mergers and acquisitions and greenfield purchases in 2023.
25 July 2024
Joseph Wu, Taiwan's previous foreign minister, left, and Filip Grzegorzewski, head of the European Union office in Taipei, commemorate 20 years of ties between the EU and Taiwan in Taipei in June 2023.
Opinion

Europe must prepare militarily and economically for a Taiwan war

Once merely aware of the risks, European leaders now have deep concerns

25 July 2024
Taiwan's Premier Cho Jung-tai speaks with Nikkei Asia in an interview in Taipei. (Photo: Taiwan's Executive Yuan)
Interview

Taiwan's premier pushes $100bn economic reform, unfazed by opposition

Cho Jung-tai aims to capitalize on investor wariness of China

25 July 2024
Xi Jinping might have just given himself an ace in the hole in his high-stakes game of politics to extend his reign beyond 2027. (Nikkei montage/Source photos by AP and Getty Images)
China up close

Analysis: China's new 2029 reform goal shows Xi Jinping is worried

New target might also be a gambit to help a decoupled China emerge strong

25 July 2024
The minimum wage increase follows historic pay rises by private companies in this year's spring wage talks. 
Society

Japan government panel OKs sharpest minimum wage rise amid inflation

50 yen hike increases hourly rate to record 1,054 yen

24 July 2024
Members of the media report near the shore as Typhoon Gaemi approaches in Keelung, Taiwan, on July 24.
Natural disasters

Typhoon Gaemi strengthens as it nears Taiwan, military on standby

War games curtailed, flights scrapped and financial markets suspended

24 July 2024
A construction site in Beijing. The Chinese government is seeking to jump-start economic growth.
Economy

China's desire for growth revealed in word count of economic road map

Mentions of 'development' surge compared with 2013 document

24 July 2024
Han Dong-hoon speaks after being elected leader of the ruling People Power Party in Goyang, South Korea on July 23. (Photo by Junnosuke Kobara)
Politics

South Korea's ruling PPP picks ex-justice minister as new leader

President Yoon Suk Yeol's party tries to reboot after April's electoral drubbing

23 July 2024
Companies hold around 10% of Japanese stocks, less than one-fifth as much as in the bubble era, according to the Nomura Institute of Capital Markets Research. (Photo by Yuki Kohara)
Equities

Japan Inc. speeds unwinding of cross-held shares amid rally

Planned consolidation of Topix based on free float encourages stock sales

23 July 2024
The third plenary session of the 20th Communist Party of China's Central Committee was held from July 15 to 18 in Beijing.
Opinion

China misses plenum chance to steady economy before U.S. election

Beijing risks losing grip as property market woes, consumer slump threaten stability

23 July 2024
This SRT train in Bangkok's Krung Thep Aphiwat Central Station prepares to depart for Vientiane on the newly opened line on July 19. (Photo by Shinya Sawai)
Transportation

Thailand's new rail links carry hope for expanded Chinese trade

Laos-China railway become a key gateway for Thai and Malaysian exports

23 July 2024
Clothing shop in Beijing: Some economists have called on the Chinese government to spur domestic spending to absorb present industrial overcapacity.  
Economy

Five takeaways from China plenum's economic blueprint

Long-term guideline calls for resilience but without household demand boost

22 July 2024
The People's Bank of China building in Beijing. The central bank is deploying monetary policy tools to drive growth and shore up faith in the economy.
Economy

China cuts key lending rate to revive flagging economy

One- and five-year prime rates reduced days after anticlimactic third plenum

22 July 2024
A screen shows news footage of Chinese President Xi Jinping attending the third plenum in Beijing on July 18.
Economy

China unveils plenum's reform blueprint to counter 'containment'

Xi says national security plays bigger role but economy is still priority

21 July 2024
Indian Finance Minister Nirmala Sitharaman will present the government's full annual budget on July 23. It is expected to focus heavily on welfare programs and infrastructure.
Your Week in Asia

India budget, ASEAN foreign ministers meetings, SK Hynix earnings

Your weekly lineup of Asia's biggest business and political events

21 July 2024
The number of supposedly zero-energy homes that do not fully meet the qualifying criteria continues to increase in Japan, driven by the government's relaxation of subsidy standards aimed at encouraging their construction.
Datawatch

Over 30% of Japan's zero-energy homes fall short of requirements

An increase in below-standard houses could hamper its decarbonization efforts

20 July 2024
Small businesses in Japan are under pressure from rising costs. (Photo by Shotaro Mori)
Companies

Japan's century-old companies suffer 95% surge in bankruptcies

Inflation and succession problems deal blow to longtime businesses

20 July 2024
Tourists watch Yamahoko, the float parade of Kyoto's Gion Festival, on July 17. (Photo by Atsushi Ooka) 
Travel & Leisure

Japan's tourist arrivals at record high, recovering from pandemic drop

Half-year total reaches 17 million, driven by visitors from South Korea and China

19 July 2024
Chinese President Xi Jinping, center, and other top officials lead the third plenary session of the 20th Communist Party of China Central Committee, held from July 15 to 18 in Beijing. (Xie Huanchi/Xinhua via AP)
Markets

China plenum met with falling Hong Kong stocks, mixed mainland shares

Key policy meeting receives lukewarm response as some rue 'missed opportunity'

19 July 2024
A giant screen shows news footage of Chinese President Xi Jinping attending the third plenary session of the 20th Central Committee of the Communist Party of China in Beijing on July 18.
Opinion

To fix China's economy, Xi needs to curb deflation

Recent data show even consumers who have enough money are not spending it

19 July 2024
Employees at a shop in Tsukiji Outer Market in Tokyo: The Japanese government lowered its economic growth forecast for the year to 0.9% on July 19, down from 1.3%, blaming the weak yen.
Economy

Japan cuts growth forecast, prime minister warns of weak-yen pain

Prediction for fiscal 2024 revised down to 0.9% expansion from earlier 1.3%

19 July 2024
Japan's June consumer price index rise reflects the end of government subsidies for electricity and gas introduced in 2023. (Photo by Yuki Nakao)
Inflation

Japan's inflation rate rose for second consecutive month in June

Core CPI gained 2.6%, above BOJ target, as subsidies for electricity rolled back

19 July 2024
A women walks by a billboard showing a picture of the Forbidden City in Beijing. Foreign direct investments in China have fallen to a 23-year low.
Economy

China fails to deliver bold moves to reassure foreign investors

Overseas companies seek balance between derisking and access to huge market

19 July 2024