Laborers work at a construction site on a hot summer day in Noida, India. Indian Prime Minister Narendra Modi says investments on infrastructure are creating jobs.
Economy

India's Modi boasts record job creation amid opposition's attack

Employment growth rate provisionally doubled to 6% in last fiscal year, RBI says

22 July 2024
A screen shows news footage of Chinese President Xi Jinping attending the third plenum in Beijing on July 18.
Economy

China unveils plenum's reform blueprint to counter 'containment'

Xi says national security plays bigger role but economy is still priority

21 July 2024
The RTS Link, seen here in an artist rendering, will have the capacity to handle 10,000 passengers per hour in each direction. (Singapore Land Transport Authority)
International relations

Singapore and Malaysia bolster ties with rail, special economic zone

Commuter line to ease border congestion while 3,500 sq. km area to promote investment

21 July 2024
Indian Finance Minister Nirmala Sitharaman will present the government's full annual budget on July 23. It is expected to focus heavily on welfare programs and infrastructure.
Your Week in Asia

India budget, ASEAN foreign ministers meetings, SK Hynix earnings

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

21 July 2024
The number of supposedly zero-energy homes that do not fully meet the qualifying criteria continues to increase in Japan, driven by the government's relaxation of subsidy standards aimed at encouraging their construction.
Datawatch

Over 30% of Japan's zero-energy homes fall short of requirements

An increase in below-standard houses could hamper its decarbonization efforts

20 July 2024
Former ECB President Jean-Claude Trichet says the vast majority of Europeans prefer a single defense and single diplomacy. (Photo by Tsuyoshi Tamehiro)
Interview

Europe will remain united in times of crisis: ex-ECB chief

Jean-Claude Trichet sees safer world with further EU integration

20 July 2024
Small businesses in Japan are under pressure from rising costs. (Photo by Shotaro Mori)
Companies

Japan's century-old companies suffer 95% surge in bankruptcies

Inflation and succession problems deal blow to longtime businesses

20 July 2024
Tourists watch Yamahoko, the float parade of Kyoto's Gion Festival, on July 17. (Photo by Atsushi Ooka) 
Travel & Leisure

Japan's tourist arrivals at record high, recovering from pandemic drop

Half-year total reaches 17 million, driven by visitors from South Korea and China

19 July 2024
Chinese President Xi Jinping, center, and other top officials lead the third plenary session of the 20th Communist Party of China Central Committee, held from July 15 to 18 in Beijing. (Xie Huanchi/Xinhua via AP)
Markets

China plenum met with falling Hong Kong stocks, mixed mainland shares

Key policy meeting receives lukewarm response as some rue 'missed opportunity'

19 July 2024
A giant screen shows news footage of Chinese President Xi Jinping attending the third plenary session of the 20th Central Committee of the Communist Party of China in Beijing on July 18.
Opinion

To fix China's economy, Xi needs to curb deflation

Recent data show even consumers who have enough money are not spending it

19 July 2024
Employees at a shop in Tsukiji Outer Market in Tokyo: The Japanese government lowered its economic growth forecast for the year to 0.9% on July 19, down from 1.3%, blaming the weak yen.
Economy

Japan cuts growth forecast, prime minister warns of weak-yen pain

Prediction for fiscal 2024 revised down to 0.9% expansion from earlier 1.3%

19 July 2024
Japan's June consumer price index rise reflects the end of government subsidies for electricity and gas introduced in 2023. (Photo by Yuki Nakao)
Inflation

Japan's inflation rate rose for second consecutive month in June

Core CPI gained 2.6%, above BOJ target, as subsidies for electricity rolled back

19 July 2024
A women walks by a billboard showing a picture of the Forbidden City in Beijing. Foreign direct investments in China have fallen to a 23-year low.
Economy

China fails to deliver bold moves to reassure foreign investors

Overseas companies seek balance between derisking and access to huge market

19 July 2024
ECB President Christine Lagarde attends a press conference following the Governing Council's monetary policy meeting.
Economy

ECB keeps rates unchanged, September move 'wide open'

Lagarde warns that risks to growth were "tilted to the downside",

18 July 2024
Tiananmen Gate in Beijing. Communist Party leaders have been meeting in the Chinese capital this week at a key policy meeting known as the third plenum. (Photo by Mizuho Miyazaki)
Economy

China plenum vows reforms, accepts Qin Gang resignation

Details scant but communique signals party staying the course despite GDP slowdown

18 July 2024
Pacific Islands Leaders Meeting participants pose during their summit in Tokyo on July 18. (Photo by Yuki Kohara)
Indo-Pacific

Japan, Pacific islands to boost security ties as China's influence grows

Summit cites 'increasing complexity' of geopolitics, though views of Beijing differ

18 July 2024
Xi Jinping applauds at the closing session of the National People's Congress (NPC) at the Great Hall of the People in Beijing in March 2024.
Opinion

Xi Jinping makes it up as he goes along, just like the rest of us

Intellectual drift is the one constant during the 11 years of Xi's China

18 July 2024
Anti-quota protesters carrying Bangladeshi flags engage in a clash with the student wing of the ruling Bangladesh Awami League at the University of Dhaka on July 16.
Bangladesh turmoil

Student protests in Bangladesh over job quotas escalate into violence

Prime Minister Hasina's use of derogatory term for activists further fuels anger

18 July 2024
A container terminal at the Port of Tokyo. Japan's total exports in June were up 5.4% from a year earlier, according to preliminary official figures. (Photo by Nanami Sato)
Trade

Japan's exports grew for seventh straight month in June

Overseas shipments rose 5.4%, led by semiconductor equipment; imports also up 3.2%

18 July 2024
A family harvests red chili peppers in Pakistan. The IMF has asked Pakistan to tax agriculture.
Economy

Pakistan's IMF program 'at risk' if agriculture goes untaxed

Fund also advises nation to avoid building new power plants, chief of mission says

18 July 2024
Chinese Premier Li Qiang at a recent international gathering stirred up concerns that President Xi Jinping will have to address this week at a big economic planning meeting. (Nikkei montage/Source photos by Yusuke Hinata, Mizuho Miyazaki, and Kyodo)
China up close

Analysis: The global economy needs China to be straightforward

Key party meeting reflects Xi Jinping's favorite ideas after Li's unintended slip

18 July 2024
The North Korean flag flies at the country's consular office in Dandong, China.
North Korea tensions

North Korea forced labor system widespread, U.N. report says

Pyongyang urged to end system of compulsory state-allocated employment

17 July 2024
The Japanese unit of credit card giant Visa is suspected of charging higher fees to credit card companies that did not use its network to check credit information. (Photo by Yutaka Miyaguchi)
Economy

Japan unit of credit card giant Visa suspected of unfair practice

Fair Trade Commission conducts inspection at company's Tokyo office

17 July 2024
Containers are offloaded from the freighter Alula Express at South Korea's Busan Newport International Terminal, one of the largest container ports in the world.
Economy

Developing Asia's growth revised up by ADB as tech exports grow

Regional lender keeps forecasts for ASEAN economies, China, India unchanged

17 July 2024
JPMorgan Chase CEO Jamie Dimon recently said Donald Trump "was kind of right about NATO, kind of right on immigration. He grew the economy quite well. Trade tax reform worked. He was right about some of China."
U.S. elections 2024

Trump considers JPMorgan CEO Jamie Dimon for U.S. Treasury

Republican presidential candidate says he won't try ousting Fed's Powell

17 July 2024