Fumio Kishida's plan to raise defense spending -- one of his signature initiatives -- was slated to be covered by tax hikes, but the government has yet to set a start date for them. (Photos by Shinya Sawai and Wataru Ito)
Japan's leadership race

Japan's Kishida set to depart with defense, climate funding in question

PM's successor faces fitting birth rate, chip commitments into budget as well

15 August 2024
Food prices gained 0.2% in July, matching June's rise.
Economy

U.S. consumer prices rise moderately; annual increase slows to below 3%

Expectations of Fed rate cut strength on downward inflation trend

14 August 2024
Japanese Prime Minister Fumio Kishida holds a news conference in Tokyo on Aug. 14 announcing that he will not seek reelection as Liberal Democratic Party president. (Photo by Wataru Ito)
Japan's leadership race

Japan's Kishida to step down as PM after LDP picks new leader

Move to show 'new, changed' ruling party amid persistent low approval ratings

14 August 2024
Papua New Guinea's national census was initially due to take just two weeks starting in June, but the government has announced it will now not be completed until some time in 2025.
Opinion

Papua New Guinea's census process is a quagmire of epic proportions

International donors must pressure government to be transparent

14 August 2024
A worker cleans windows in Beijing's Central Business District. Chinese authorities are struggling to keep the bond market under control.
Bonds

Chinese central bank crackdown shakes bond market

Yields fluctuate after PBOC says measures have restored 'reasonable levels'

14 August 2024
The Reserve Bank of New Zealand in Wellington. The central bank signaled more cuts ahead depending on how inflation evolves.
Economy

N.Z. cuts rates for first time in over 4 years, flags more easing

Kiwi dollar tumbles as markets bet on more aggressive easing path

14 August 2024
Nobel laureate Muhammad Yunus at Charles de Gaulle Airport near Paris on Aug. 7. The microcredit pioneer was asked to lead a caretaker government in Bangladesh.
Bangladesh turmoil

Nobel winner Yunus picking up 'mess' left by ousted Bangladesh PM

Microcredit pioneer in charge after nemesis Sheikh Hasina flees

14 August 2024
Workers construct a pedestrian walkway near the State Palace and the eagle-shaped Garuda Palace in Indonesia's new capital Nusantara on Borneo.
Business trends

Indonesia's new capital Nusantara attracts increased investor interest

Prabowo asserts support for project amid private sector doubts

14 August 2024
Amid surging labor demand in an AI boom, Vietnam aims to train at least 50,000 chip engineers and designers by 2030 as industry giants look to offset severe staff shortages in their home markets. (Illustration by Yoshiko Kawano)
The Big Story

Vietnam turns chip sector magnet with affordable, quality talent pool

US, Taiwan, South Korean players beat path to Vietnam though boom strains resources

14 August 2024
For decades in Japan, "leaders" have been understood to be people, usually men, holding management positions at large corporations. (Photo by Satoko Kawasaki)
Opinion

Japan can tap seniors' know-how by redefining leadership

In an inclusive society, you're never too old to contribute

14 August 2024
Net profit is expected to fall 1% this fiscal year for companies on the Tokyo Stock Exchange's Prime market. (Photo by Mizuho Miyazaki)
Business trends

Japan Inc. projects 1% net profit dip on yen uptick and U.S. worries

Outlook for fiscal year improves slightly, but slump continues in autos and steel

14 August 2024
An Air New Zealand Airbus A320 at Auckland Airport.
Economy

New Zealanders emigrating in record numbers as economy stagnates

80,000 left in a year amid rising unemployment, high interest rates, slow growth

13 August 2024
President and CEO of the Philippine Stock Exchange Ramon Monzon said in an exclusive interview with Nikkei Asia that cuts in the key benchmark rate is vital to generate excitement among investors and lure new IPOs to the market. (Nikkei montage / Source photos by Yuki Fujita)
Equities

Philippine exchange chief backs rate cuts to spur IPOs

Central bank halfway to new listing target set for 2024

13 August 2024
France's TotalEnergies sold its stake in a network of 800 fueling stations in Pakistan.
Business trends

TotalEnergies' Pakistan exit stirs company exodus fears

French energy major latest Western multinational to quit crisis-hit Asian nation

13 August 2024
Singapore's economy grew 2.9% in the April-June quarter from a year earlier. (Photo by Ken Kobayashi)
Economy

Singapore upgrades full-year GDP growth forecast to 2-3%

Trade ministry says manufacturing sector will recover gradually in second half

13 August 2024
The dollar is coming down from a prolonged period of strength, boosting Asian currencies. (Photo by Akira Kodaka)
Currencies

Ringgit, baht gain against dollar on speculation of U.S. rate cut

Asian central banks seen weighing own moves as inflationary pressures ease

13 August 2024
Bangladeshi President Mohammed Shahabuddin, center, swears in Muhammad Yunus, right, in Dhaka on Aug. 8: The interim government is a diverse, nonpartisan team of activists, academics and retired officials. 
Asia Insight

Bangladesh's Muhammad Yunus carries hopes of economic change

Optimists look toward post-protest recovery from trade and business disruptions

13 August 2024
A soldier with the Japanese Ground Self-Defense Force takes part in a military drill on the uninhabited Irisuna island close to Okinawa, Japan, in November 2023.
Opinion

Japan must hedge currency risk to avoid defense funding crisis

Biggest military buildup since World War II at risk from fluctuating forex

13 August 2024
Thai authorities are purchasing blackchin tilapia at above market prices in an effort to control the population. (Thailand Ministry of Agriculture and Cooperatives)
Fisheries

Thailand grapples with invasive tilapia from Africa as CP deflects blame

Conglomerate brought in nonnative fish for research, pledges cooperation

13 August 2024
Though the majority of Asian countries did not join in the West's sanctions against Russian oil, they are expected to abide by them.
Opinion

'Dark fleet' of oil tankers risk more maritime disasters in Asia

The West needs to bring Russian oil shipping out of the shadows

12 August 2024
Workers at a commercial housing complex under construction by China Vanke in Nanjing, Jiangsu province. Labor disputes involving the property and manufacturing sectors have swelled in the first half of 2024 due to an economic slowdown.
Economy

Strikes hit China's property, manufacturing sectors as growth slows

Labor disputes reflect disparities in the country's social safety net

12 August 2024
The number of people aged 60 and older has risen from 126 million in 2000 to 297 million in 2023, doubling their share of the population.
Caixin

China moves to raise retirement age to ease labor and pension concerns

Aging population, declining birth rate strain social security system

12 August 2024
The market fluctuation comes as the government is encouraging more households to direct their cash and savings worth 1,050 trillion yen ($7.1 trillion) into stocks and mutual funds. (Source photos by Yo Inoue and Toshiki Sasazu)
Market Spotlight

Japan retail investors keep the faith in stocks despite historic volatility

Mom-and-pop investors are seen 'buying the dip' in domestic and global stocks

12 August 2024
Taliban fighters outside the Interior Ministry in Kabul in August 2021, after the militant group retook power in Afghanistan.
Your Week in Asia

Taliban takeover anniversary, Japan GDP, Greater China earnings

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

11 August 2024
The future of ASEAN's cross-border growth depends on the ability of its more than 71 million micro-, small and medium-sized enterprises (MSMEs) to effectively leverage digital trade. 
Opinion

Fast, digitized ASEAN cross-border trade should not be a luxury

A borderless era of economic growth awaits Southeast Asia

11 August 2024