Trucks line up in Osaka: New rules capping overtime hours for truck drivers in Japan are forecast to cut the country's cargo delivery capacity by more than a third by 2030. (Photo by Kosaku Mimura)
Asia Insight

Japan's 2024 problem? Trucker overtime curbs risk an economic pileup

Multiple industries brace for impact of move to tackle chronic driver shortage

5 December 2023
The Japanese and Canadian trade ministers, Yasutoshi Nishimura and Mary Ng, seal a memorandum of understanding over battery supply chains in Ottawa on Sept. 21. (The Canadian Press via AP)
Indo-Pacific

Canada trade agency to open offices in Tokyo, Manila, Ho Chi Minh City

Ottawa accelerates Indo-Pacific push after entering Jakarta and Seoul

5 December 2023
U.S. President Joe Biden stands next to a Ford Mustang Mach-E electric SUV at the Detroit Auto Show in September 2022.
US-China tensions

In EV tax rules, U.S. prefers China decoupling over decarbonization

Washington looks to further block China from supply chain, alarming EV makers

5 December 2023
China's slowing economy is contributing to persistent manufacturing inventory gluts worldwide.
Business trends

China slowdown swells global manufacturing inventories

Industrial machinery among sectors hit hardest by falling demand

5 December 2023
Southeast Asia is raking in foreign direct investment as the region positions itself as a buffer zone amid the intensifying U.S.-China rivalry.
Datawatch

U.S. and China butt heads over investment in Southeast Asia

Region attracted a record $222bn in foreign direct investment in 2022

2 December 2023
Graphite anodes are a key component of lithium-ion batteries for electric vehicles.
Supply Chain

China's graphite export curbs take effect with uncertainty for EVs

Chinese battery material makers' push abroad raises questions over access

2 December 2023
U.S. President Joe Biden hosts a dinner for APEC leaders in San Francisco on Nov. 16: Washington emphasized the themes of inclusivity, resiliency and sustainability at the summit. 
Opinion

U.S. made the most of APEC given what it had to work with

Progress on IPEF and other agendas not flashy but still significant

27 November 2023
South Korean Minister for Trade Ahn Duk-geun speaks to Nikkei Asia on Nov. 25 in Seoul about a U.S. move giving South Korean companies a way around "hopelessly difficult" restrictions on shipments to China. (Photo by Ahn Seong-bok)
Semiconductors

South Korea welcomes new rules easing chip tool shipments to China

Updates to U.S. regulations 'very significant' for Samsung, SK Hynix, trade minister says

27 November 2023
Former St. Louis Federal Reserve Bank President James Bullard says he prefers "to not be dogmatically hawkish or dovish."
Interview

U.S. to 'most likely' avoid recession, ex-St. Louis Fed's Bullard says

Former central banker sees 'relatively low probability' of deep rate cuts in 2024

18 November 2023
Crude oil inventories in Cushing, Oklahoma, where many pipelines and refineries are located, have hit the highest level in two months.
Commodities

Oil prices plunge 20% from year's peak on weaker U.S., China demand

Oversupply likely to persist even if Saudi Arabia continues production cuts

18 November 2023
Hokkaido scallops are offered up at the APEC summit in San Francisco on Nov. 16. Japan is pushing for a recovery in its seafood exports. (Photo by Yifan Yu)
APEC

Japanese seafood makes splash at APEC summit amid safety concerns

Tokyo is keen for China to lift import bans imposed after release of treated water

17 November 2023
Cabinet-level officials from members of the Indo-Pacific Economic Framework wrapped up negotiations on Nov. 14 in San Francisco. (Photo courtesy of Japan's Ministry of Economy, Trade and Industry)
Indo-Pacific

IPEF struggles to deliver trade benefits as U.S. looks inward

San Francisco talks fail to bridge divide on labor, environmental rules

16 November 2023
Negotiators for the Indo-Pacific Economic Framework discuss trade rules in San Francisco. 
Indo-Pacific

IPEF trade talks stall over cross-border data flows, labor rules

U.S. political tide turns against compromise on worker protections

15 November 2023
Regional business leaders looking to make deals are expected to descend on San Francisco for the APEC CEO Summit that will be held in parallel with the official APEC meetings.
Opinion

The U.S. is out of sync with APEC priorities

Asian leaders coming to San Francisco summit will be looking to make trade deals

13 November 2023
Chinese President Xi Jinping and U.S. President Joe Biden, pictured here at the G20 summit in Bali, Indonesia, in November 2022, will meet on Nov. 15 in San Francisco for the first time in a year.
Your Week in Asia

Sri Lanka budget, Xi-Biden summit, Japan Q3 GDP

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

12 November 2023
A heavy machinery factory in China. Shock waves from the slowdown in the world's second-largest economy are hitting the earnings of manufacturers around the globe.
Companies

China's slow economy takes 9% off global manufacturers' profits

Chemical, electronics and seven other industries suffer declines

9 November 2023
U.S. President Joe Biden attends an IPEF launch event in Tokyo in May 2022.
Indo-Pacific

U.S. looks to postpone IPEF talks on digital trade rules

Congressional antipathy to Big Tech chills interest in pact on cross-border data

8 November 2023
Micron Technology is attending the China International Import Expo for the first time this year. (Photo by Shunsuke Tabeta)
Semiconductors

U.S. chipmakers descend on China import fair despite tech curbs

General-purpose products sell briskly as companies fear further restrictions

7 November 2023
The Nikkei Stock Average logged its biggest point gain of the year on Nov. 6. (Photo by Satoko Kawasaki)
Markets

Japan stocks stage fragile rally on lower U.S. Treasury yields

Nikkei average rises by most this year, extending winning streak

7 November 2023
The InterContinental Hotel in Beijing. Western hotel operators anticipate growth in their business in the Asia-Pacific region, especially in China.
Travel & Leisure

Hope for hotel rebound in China now a reality, InterContinental says

Asia-Pacific drives growth at Western hospitality chains as tourism returns

3 November 2023
Federal Reserve Chairman Jerome Powell has kept the possibility of further rate hikes on the table.
Markets

U.S. Treasury yields take a breath, but Asia stays on guard

India, Philippines and Thailand appear most exposed to Fed tightening

3 November 2023
Toyota says it is raising factory worker pay in the U.S. to remain competitive in the country's labor market. (File photo by AP)
Automobiles

Toyota to give U.S. factory workers pay hikes of up to 9%

The decision comes after American automakers agreed to significant wage increases

2 November 2023
The yen slumped beyond after the Bank of Japan announced a tweak to its yield curve control policy. (Photo by Shinya Sawai)
2 November 2023
Mary Ng was in Japan for a Group of Seven trade ministers meeting. (Photo by Nanami Sato)
Interview

Canada backs Ukraine's entry to CPTPP, trade minister says

Mary Ng says pact must maintain 'high standards' as it weighs new members

1 November 2023
Currency traders had been watching for signs of another change to the Bank of Japan's yield curve control.
Currencies

Yen jumps to 2-week high against dollar as BOJ weighs policy change

Japanese currency regains 148 level on expectations of narrower rate gap

31 October 2023