Economy

German automaker BMW is expanding a plant in Mexico, which has outstripped China in exports to the U.S. in the first five months of this year. 
Trade

China no longer top exporter to U.S. as trade rift widens

Mexico and Canada take over amid tariffs and 'friendshoring'

14 July 2023
German Foreign Minister Annalena Baerbock in Beijing in April. "China remains a partner, a competitor and systemic rival, but the systemic rival position has gained ground in recent years," she said on July 13. 
Supply Chain

Germany lists grievances, seeks cooperation in first China strategy

Chinese embassy says challenges Berlin faces are not Beijing's doing

13 July 2023
Currency traders covered short positions on the Japanese currency.
Markets

Yen strengthens in reversal, driving down Japanese stock prices

Possible BOJ shift and cooling U.S. inflation undermine traders' assumptions

13 July 2023
Cleveland Fed President Loretta Mester (Photo obtained by Nikkei)
Interview

2 more rate hikes 'reasonable' for this year: U.S. Fed official

Economic indicators stronger than expected, says Cleveland Fed President Loretta Mester

12 July 2023
SAIC sold 530,000 autos overseas in the first quarter, an increase of 40% from a year earlier.
Caixin

China's SAIC seeks site for electric car factory in Europe

State-owned automaker also wants partners in India to raise capacity

10 July 2023
U.S. Republican presidential candidate Ron DeSantis talks with reporters after walking in a rainy July 4 parade in the state of New Hampshire.
Politics

White House hopeful DeSantis favors revoking China trade status

Republican 2024 candidate calls Beijing 'No. 1 geopolitical threat' to U.S.

10 July 2023
U.S. President Joe Biden and his predecessor Donald Trump have both dealt with the negative impact of trade with China.
Comment

Biden and Trump both exaggerate pain from trade with China

Impact on U.S. jobs seen as less severe than advertised

10 July 2023
U.S. Treasury Secretary Janet Yellen speaks during a press conference at the U.S. Embassy in Beijing on July 9.
International relations

Yellen says China visit made 'progress,' vows more communication

Treasury Secretary says U.S. willing to hear Beijing's concerns on targeted actions

9 July 2023
The U.S. Federal Reserve has fallen into what is essentially negative net worth
Economy

Fed's slide into effective negative net equity may pose challenges

Concerns arise about confidence in currency and central bank independence

9 July 2023
Protectionist industrial policies take hold around the world as the WTO's dispute settlement system remains paralyzed.
Datawatch

Subsidies race casts pall over global free trade

Number of state handouts favoring local businesses rises 60% in 3 years

8 July 2023
Agustin Carstens has served as general manager of the Bank for International Settlements since 2017.
Interview

Fiscal, monetary policy near limit as inflation returns: BIS chief

Carstens notes labor shortage hindering financial supervision amid bank failures

8 July 2023
U.S. Treasury Secretary Janet Yellen, left, shakes hands with Chinese Premier Li Qiang in Beijing on July 7.
US-China tensions

Chip curbs loom large as U.S.'s Yellen meets with Chinese Premier Li

Treasury secretary calls for 'healthy economic competition,' more communication

8 July 2023
A man walks past a Geely Atlas Pro at a dealership in Moscow. Geely has seen sales volume soar in Russia this year.
Trade

Chinese cars and TVs stream into Russia after South Korean exodus

Hyundai, Samsung, LG pull back from market following Ukraine invasion

7 July 2023
Truckers wait near Pakistan's border with Afghanistan during a temporary closure in February. Islamabad authorized formal barter trade in June, aiming to ease pressure on foreign reserves.
Economy

Pakistani barter trade with Afghanistan, Iran, Russia stuck in neutral

Plan to ease forex pressure met with disinterest amid strained Taliban ties

6 July 2023
U.S. President Joe Biden at the IPEF launch event in Tokyo in 2022: Washington should engage with U.S. businesses regarding Asia-Pacific digital trade ambitions.
Opinion

How to get the IPEF talks back on track

U.S. is late to the game on Indo-Pacific digital trade

6 July 2023
An oil tanker sails near Nakhodka, Russia: Crude oil from Russia accounted for about 40% of India's total feedstock imports for its refineries in May.
Opinion

India's Russian oil buying spree isn't anything to worry about

Discounts may not last, but New Delhi can always return to usual suppliers

6 July 2023
U.S. President Joe Biden's administration has sought to draw manufacturing investment to North America as a whole for economic security purposes.
Trade

China tensions keep Mexico in spotlight, 3 years on from USMCA

Low labor costs draw manufacturers avoiding U.S. tariffs aimed at Beijing

4 July 2023
The Turkish central bank raised its policy rate from 8.5% to 15% at its first rate meeting under Gov. Hafize Gaye Erkan in June.
Opinion

Turkey still has a long road back to financial normalcy

Gradual approach will only postpone economic pain

3 July 2023
The EU will "de-risk and diversify" as part of its new China policy to build a stable supply chain that is not threatened by economic intimidation.
International relations

EU walks tightrope of economic security and trade in new China stance

Policy document calls Beijing 'a partner, a competitor and a systemic rival'

2 July 2023
The DJI Mavic 3 Cine Drone shown here could be used in Ukraine to gather intelligence on the battlefield, according to a Japanese expert. (Source photos by Getty Images and AP)
Ukraine war

Special report: Russia buying civilian drones from China for war effort

Moscow relying on 'dual use' equipment and third-party exporters

1 July 2023
The yen hit a nearly seven-month low amid growing dollar-buying, with investors expecting tightening on the U.S. side to continue.
Currencies

Yen briefly hits 7-month low against dollar at 145 mark

Finance minister warns against excessive weakening of Japanese currency

30 June 2023
Fishermen in Fukushima prefecture separate fish other than icefish from their catch. The EU may fully lift its restrictions on seafood imports from the area, as the U.S. already has. (Photo by Mayumi Tsumita)
Trade

EU set to end Fukushima import restrictions on Japan food items

Radiation tests and other requirements would be abolished as early as summer

30 June 2023
A sign points to the Brexit zone at the Port of Zeebrugge in Belgium. Bill Emmott called on the U.K. to improve trade relations with the European Union.
Interview

CPTPP won't make up for U.K.'s losses from Brexit: ex-Economist editor

Asia-Pacific trade pact's benefits are more political, Bill Emmott says

28 June 2023
Russia recently raised its growth forecast for this year, but the short-lived Wagner uprising and a slowdown in China could derail the fragile recovery. (Source photos by AP and Reuters)
Economy

China slowdown, Wagner rebellion overshadow Russian economy

Recent signs of improvement mask myriad weak points, experts say

28 June 2023
Turkish President Recep Tayyip Erdogan speaks to supporters on May 27. He had advocated lowering interest rates to combat inflation, but recently changed his tune. 
The Nikkei View

Turkey must keep working to restore market trust

Rate hike is first step to normalization of economic policies

28 June 2023