The 7 million-member Japanese Trade Union Confederation, known as Rengo, holds a rally for this year's spring wage negotiations in Tokyo on March 1.
Economy

Japan's unions demand biggest pay raises in 31 years

Higher wages could prompt the BOJ to starting hiking interest rates

7 March 2024
Chinese investment and construction activity is on the rise in the Asia-Pacific region, a new report shows. (Nikkei montage/Source photo by AP)
Belt and Road

Chinese investment in Asia rose 37% in 2023, led by Indonesia

Report shows construction contracts also up 14%; Philippines, Pakistan among losers

7 March 2024
A Vietnamese woman holding a specified skilled worker visa at a restaurant in Tokyo. (Photo by Mizuho Miyazaki) 
Japan immigration

Japan races to court foreign talent as it doubles skilled worker cap

Better support and pay key to attracting up to 820,000 workers in 5 years

7 March 2024
Construction of this apartment complex in northern China's Shanxi province stalled two years ago after the developer's funds dried up. (Photo by Iori Kawate) 
China debt crunch

China work report pledges to tackle local debt, without specifics

Annual document avoids contentious proposal to raise retirement age

7 March 2024
The heads of China's macroeconomic management body, the finance and trade ministries, the securities regulator and the central bank speak to reporters in Beijing on March 6. (Photo by Mizuho Miyazaki) 
China People's Congress

China central banker sees full toolbox as planners vow to hit GDP goal

Top economic officials hold rare joint news conference in attempt to shore up confidence

6 March 2024
Commuters in Tokyo: Some companies are eliminating jobs, even as profits pick up, as they respond to pressure to raise profitability still further. (Photo by Nanami Sato)
Business trends

Job cuts at Japanese companies jump, hinting at strategy shift

Voluntary retirement offers through February top annual total in 2023

6 March 2024
Malaysia has revived a high-speed rail plan to connect Kuala Lumpur and Singapore. (Nikkei montage/Source photos by Hiroki Endo and Akira Kodaka)
Transportation

Malaysia revives 'ambitious' high-speed rail plan amid hurdles

China Railway Construction, Hyundai unit among companies showing interest

6 March 2024
Sake bottles have different shapes than wine bottles, making them difficult to reuse in Europe. (Photo by Yo Inoue)
Trade

EU exempts Japanese sake from packaging recycling rules

Requirement covering sake bottles would amount to non-tariff barrier, Tokyo argued

6 March 2024
Chinese Premier Li Qiang speaks during the opening session of the National People's Congress at the Great Hall of the People in Beijing on March 5. (Photo by Mizuho Miyazaki)
China People's Congress

China sets GDP growth target of 'around 5%' for 2024

Premier Li says recovery 'not solid enough,' promises jobs and easier market access

5 March 2024
Wage increases at small and midsize businesses, which employ the majority of Japanese workers, are considered key to lifting the economy as a whole. (Photo by Arisa Moriyama)
Work

Japan's smaller companies gain leeway to raise pay on steady profits

With slower growth in labor costs, wage hikes poised to spread to more industries

5 March 2024
Nippon Steel's plan to purchase U.S. Steel is facing increased political risk ahead of the U.S. presidential election this fall. (Photo by Mizuho Miyazaki)
Business deals

Nippon Steel executive to negotiate with union on U.S. Steel deal

Japan steelmaker aims to complete purchase before November presidential election

5 March 2024
Chinese Premier Li Qiang speaks to reporters following the closing session of the National People's Congress (NPC) in Beijing in March 2023. The customary news conference has been discontinued.
China People's Congress

China scraps Premier Li's NPC news conference, breaking tradition

Decision to nix briefing closes one of the few windows on Beijing's thinking

4 March 2024
Some young people are choosing non-regular positions to pursue other interests as work values change. (Photo by Nikkei) 
Economy

More young Japanese choosing flexibility over full-time jobs

Rising trend raises questions about social security programs

4 March 2024
Neon signs illuminate Chinese company names in Hong Kong in 2018.
Opinion

Being a 'connector' for China is no longer working for Hong Kong

City needs to rethink economic role to show it can still be relevant

4 March 2024
Former Turkish President Abdullah Gul: "Many nations and countries in the world are having more sympathy towards the authoritarian regimes because of the West's blind support for Israel." (Photo by Cevahir Bugu)
Interview

Turkey's ex-president slams U.S. 'double standards' on Israel, Ukraine

Abdullah Gul says West's policies on conflicts could benefit China

3 March 2024
The opening ceremony of National People's Congress in Mach 2023 at the Great Hall of the People in Beijing. (Photo by Yusuke Hinata)
Your Week in Asia

China 'Two Sessions', ASEAN-Australia Summit, Malaysia rate decision

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

3 March 2024
As wasabi gains popularity overseas, new products, such as wasabi-flavored snacks and mayonnaise, are being launched targeting foreign lovers of the spicy condiment.
Food & Beverage

Wasabi exports grow as Japan cuisine gains fans overseas

Wasabi food makers tweak spiciness and products for foreign tastes

3 March 2024
Shoppers browse items at a Hema Outlet discount grocery store in Shanghai. (Photo by Noriyuki Doi)
Bonds

China's record-low yields flash deflationary warning signs

Sluggish prices and population decline raise risk of Japanification

3 March 2024
Beef, including wagyu, was one of Japan's top agricultural exports to the European Union in 2022. (Photo by Miyu Kaji)
Trade

Sake, scallops and wagyu face hurdles in EU under packaging rules

Top Japanese food exports seen failing to meet proposals for recyclability

2 March 2024
The Bank of Japan is expected to keep observing until the last minute, before deciding at its March 18-19 policy board meeting whether to end the policy of negative interest rates. (Photo by Nanami Sato)
Bank of Japan

Odds rise that Japan will lift negative interest rates in March

BOJ Gov. Ueda says outcome of annual wage talks this month will be pivotal

2 March 2024
Package volume of goods that fall under the U.S.'s duty-free threshold increased from 411 million in 2018 to 771 million in 2021, an 88% jump.
Trade

Chinese e-commerce flood into U.S. raises safety concerns

Senators move to scrap duty-free status of sub-$800 shipments from China

2 March 2024
Chinese Premier Li Qiang, left, and President Xi Jinping at the National People's Congress in Beijing in March 2023. (Photo by Yusuke Hinata) 
Opinion

Security is still China's top priority, not the economy

Premier Li Qiang in uncomfortable spot as National People's Congress opens

1 March 2024
A production line for Leapmotor electric vehicles in Jinhua, Zhejiang province, China. The country's overall manufacturing activity has contracted for five straight months. (China Daily via Reuters)
Economy

China's factory activity contracts for fifth straight month

After Lunar New Year seasonal factors, focus on legislative moves and March figures

1 March 2024
The Zhongrong International Trust building in Beijing. In 2023, the trust failed to repay investors in some of its trust products.
Caixin

China intensifies efforts to curb risk in troubled trust sector

New regulatory ratings system switches focus to risk management, how businesses are run

1 March 2024
Japanese Prime Minister Fumio Kishida spoke remotely to investors at a Goldman Sachs-hosted event in Hong Kong. (Goldman Sachs)
Markets

Tokyo Electron, Kobe Steel court global investors as Japan stocks rally

Companies tap into soaring demand for Tokyo-listed shares

1 March 2024