Economy

British Columbia Premier David Eby visits Japan with a trade delegation, seeing energy, minerals, AI and biotech as areas of cooperation for Japan and the Canadian province. (Photo by Shigeru Seno)
Interview

British Columbia wants to ease trade reliance on China, U.S.: premier

Canadian province looks to Japan, Taiwan, other areas in diversification push

31 May 2023
The Nikkei Stock Average ended trading May 29 with its highest close since 1990. (Photo by Shinya Sawai)
Markets

Nikkei 38,000, or Nikkei 28,000? Japan analysts mixed on stock rally

Wage hikes and continued easing seen lifting shares for now, but U.S. poses risk

30 May 2023
The Bank of England, seen here, is expected to raise interest rates in June and beyond as inflation remains high in Britain.
Currencies

U.K. pound climbs highest against yen in over 7 years

Bank of England expected to deliver another rate hike as inflation stays high

30 May 2023
Turkish President Recep Tayyip Erdogan waves to voters at the presidential palace in Ankara on the night of May 28. (Photo by Ken Kobayashi)
Turkey elections

Erdogan leaned into defense, religion to win tight Turkish election

Unorthodox monetary policy, Russia-friendly foreign policy expected to continue

30 May 2023
Pakistan's Prime Minister Shehbaz Sharif, left, meets with Iranian President Ebrahim Raisi on May 18 in Pishin on the two countries' border.
Energy

Militant attacks threaten cash-strapped Pakistan's energy plans

Forex crisis pushes Islamabad to eye local currency imports from neighbor Iran

29 May 2023
World Bank President David Malpass speaks with Nikkei on May 20 on the sidelines of the Group of Seven summit in Hiroshima, Japan. He will step down in June. (Photo by Kosuke Takami)
Interview

World Bank chief makes final appeal to China on developing nation debt

David Malpass urges Beijing, other parties to move faster toward agreement on relief

29 May 2023
U.S. Trade Representative Katherine Tai, right, and U.S. Commerce Secretary Gina Raimondo address the media during the Indo-Pacific Economic Framework meeting in Detroit, U.S., on May 27.
Indo-Pacific

IPEF nations agree to strengthen supply chains at Detroit meeting

Indo-Pacific nations kick off cooperation to reduce reliance on China

28 May 2023
U.S. Commerce Secretary Gina Raimondo, left, and Japanese Trade Minister Yasutoshi Nishimura met in Detroit on May 26. (Photo by Anna Nishino)
Supply Chain

Japan, U.S. to take aim at 'geographic concentrations' in chip production

Trade chiefs discuss supply chain resilience ahead of IPEF talks

27 May 2023
Lujiazui financial district in Shanghai. Barclays described China's economy as one that was losing steam.
Finance

U.S. banks' China ambitions wane as political tensions linger

Sluggish post-COVID recovery also taints market once called the 'holy grail'

27 May 2023
Senior officials from the 14 IPEF members will meet in Detroit, seeking to hammer out the specifics of their framework. (Photo by Satsuki Kaneko)
Indo-Pacific

IPEF nations to pursue first economic agreements in U.S. meeting

Indo-Pacific bloc seeks concrete measures to cut China reliance in chips, metals

26 May 2023
The yuan is now the fifth-most used currency for global foreign exchange transactions. In March, China used more yuan in its cross-border transactions than dollars for the first time.
Opinion

U.S. will come to regret holding back China at the IMF

Washington cannot expect Beijing's help with dollar or inflation

26 May 2023
U.S. President Joe Biden has stressed that a "thaw" in relations with China would occur soon.
International relations

U.S.-China economic talks resume while defense dialogue stalls

Xi laying groundwork to attend APEC meeting in San Francisco, expert says

26 May 2023
Activists hold signs outside a General Motors factory in Silao in February 2022. Its union secured the first double-digit wage hike in years this year.
Supply Chain

Higher Mexican wages complicate push for non-China supply chains

GM, Panasonic among companies seeing big increases in labor costs

24 May 2023
Chinese Vice Premier He Lifeng, left, greets Russian Prime Minister Mikhail Mishustin before a session of the Russian-Chinese Business Forum in Shanghai on May 23.
International relations

Russia PM visits China with U.S.-sanctioned delegation

Mishustin to meet Xi as trade grows between two nations targeted by West

23 May 2023
Diplomats pose after signing the CPTPP agreement in Chile in 2018: More progress is needed in nontariff areas of the pact. 
Opinion

The CPTPP needs a shot in the arm; U.K. entry can provide it

Progress on issues besides tariffs cuts has been limited

23 May 2023
The floating LNG terminal Neptune was commissioned in Germany during January. The country raced to secure gas after supplies from Russia were cut off.
Energy

Natural gas prices in Asia fall to pre-Ukraine war levels on China shift

Beijing buys more LNG long-term contracts as it seeks energy stability

23 May 2023
New U.S. and Japanese sanctions on Russia were announced as G-7 leaders meet in Hiroshima. (Photo by Kosaku Mimura)
Ukraine war

U.S., Japan impose sweeping sanctions on Russia as G-7 stands with Ukraine

Hundreds of people and organizations targeted as group seeks to stop evasion

20 May 2023
Diamonds presented by producer Alrosa in Moscow in February 2019.
G-7 in Japan

EU says 'Russian diamonds are not forever' in sanctions push at G-7

G-7 trade restriction could shrink source of funding for Russia's war in Ukraine

19 May 2023
The collapse of Silicon Valley Bank has stoked concern of a wider banking crisis.
Economy

Fears of global downturn grow over banking turmoil, higher rates

Uncertainties loom despite improvements in supply chains

18 May 2023
Under the leadership of Speaker Kevin McCarthy, House Republicans are refusing to raise the debt limit unless the White House agrees to massive budget cuts.
17 May 2023
The U.S. could consider imposing tariffs on China to counter the latter's attempts at economic coercion, U.S. Sen. Todd Young said.
Interview

China not 'solely a military threat,' U.S. senator warns

Todd Young predicts G-7 leaders will unite to fight Beijing's economic coercion

17 May 2023
A supervisor displays crushed ore at a rare earth mine in California.
Supply Chain

U.S.-led supply chain talks put focus on minerals, semiconductors

IPEF heads toward partial deal later this month to reduce China dependence

17 May 2023
U.S. prices of long-tailed macaques and other research monkeys are skyrocketing.
Pharmaceuticals

Lab monkey prices soar in U.S. after China cuts off exports

Hunt for new supplier continues as Beijing keeps research animals on short leash

16 May 2023
Japan's three top banks reported their highest combined annual profits in nine years on Monday. (Source photos by Reuters, Jiji and AP) 
Finance

Top Japan banks' upbeat forecast dimmed by U.S. worries

High interest rates and regional bank failures raise red flags in growth market

16 May 2023
A Lockheed Martin missile is showcased at a U.S. Army expo in Huntsville, Alabama in March: While America still leads in many areas of technological innovation, it is not the sole source of cutting-edge advances.
Opinion

U.S. technology controls fail to account for Pacific allies

Shift from outdated mindset needed to support collective regional security

15 May 2023