China's ongoing real estate slump has exacerbated economic stagnation in regional cities such as Shenyang.
Economy

China rust belt city faces growing exodus as workers seek living wage

Pay gap with major urban areas widens amid stagnant real estate market

17 July 2024
Demonstrators in Bara, Pakistan, protest against new taxes on July 7: The government's push to increase revenues has not been popular.
The Big Story

Why Pakistan cannot resist going back to the IMF for another fix

Latest $7bn injection of support will not itself end country's cycle of dependence

17 July 2024
Foreign tourists wait at immigration at Bangkok's Suvarnabhumi International Airport. (Photo by Ken Kobayashi)
Economy

Thailand extends visa-free travel to 60 days for 93 countries

Tourism authority sets $94.1bn revenue target for 2025

16 July 2024
Investors are paying close attention to the Bank of Japan's next move with a monetary policy meeting scheduled for July 30 and 31. (Photo by Mizuho Miyazaki)
Currencies

BOJ data suggests additional $13bn yen intervention on Friday

Possible back-to-back moves late last week intended to stop yen slide

16 July 2024
Palau President Surangel Whipps Jr. speaks to Nikkei Asia in Tokyo on July 16. (Photo by Takuya Fujiwara)
Interview

Palau says China exerting 'new level' of pressure

President cites rejection of delegation to Macao and suspect cyber assault

16 July 2024
Signals suggest that policymakers in the administration of Prime Minister Narendra Modi will continue to work on boosting private investment.
Opinion

India's path to prosperity is through growth, not redistribution

Why supply-side reforms and private investment are key to nation's economic future

16 July 2024
A policeman stands guard near a closed road leading to the Jingxi Hotel in Beijing, where the Communist Party's Central Committee is understood to be holding its third plenum, on July 15.
Economy

Banks trim China's GDP forecasts as its leaders huddle at plenum

Weak Q2 growth and sluggish consumption put policymakers in hot seat

16 July 2024
Ronald McDonald watches a delivery driver pick up an order in Bangkok, Thailand. As Grab and LINEMAN fight for survival, other players call it quits.
Business trends

Thai food delivery apps struggle to survive cutthroat market

Local player Robinhood to close as consumers return to their pre-COVID routines

16 July 2024
Staff from housekeeping services provider Bears. While a severe labor shortage in Japan means many companies are keen to hire from overseas, comparatively low wages and the historically weak yen are blunting the country's appeal. (Photos by Yuji Murakami and Ryosuke Matsui)
Asia Insight

Japan's new enemy in fight to lure immigrant workers: The tumbling yen

Visa rules eased, but currency weakness tarnishes Japan's appeal for overseas hires

16 July 2024
The Chinese government announced plans in May to buy unsold homes to bolster the property market. (Photo by Mizuho Miyazaki)
Property

China's new home prices extend slide despite steps to prop up market

91% of top cities logged declines in June with average price falling for 13th month

16 July 2024
Indonesian and U.S. flags flying alongside in Jakarta. Indonesia is rich in nickel, copper and bauxite, and keen to promote itself as a production hub for batteries and electric vehicles.
International relations

U.S. approaches Indonesia to join Mineral Security Partnership

EU and 14 countries already collaborating on critical mineral supply chains

15 July 2024
Electric vehicles made by China's BYD await loading onto a vehicle carrier for export to Brazil, at the port of Lianyungang, China.
Trade war

China asks WTO to set up panel for U.S. EV subsidies dispute

Beijing objects to Inflation Reduction Act's barriers to its products

15 July 2024
Beijing-based Ping An Insurance Group intends to strengthen its capital position and fund growth in health care and the aged care sector. 
Finance

Ping An Insurance to raise $3.5bn in bond deal, document shows

Convertible bonds increasingly popular with Chinese companies for funding

15 July 2024
Swatch's shares were on track for their worst day in more than four years on July 15.
Consumer

Swatch slumps on weak China demand; shares hammered

First-half net sales tumble 14.3% for maker of Tissot, Longines, Omega watches

15 July 2024
Beijing's Central Business District. China is aiming for GDP growth of "around 5%" this year.
Economy

China GDP growth slows to 4.7% in Q2, missing forecasts

Result raises stakes for third plenum as property woes, weak demand 'hit brakes'

15 July 2024
Chinese President Xi Jinping attends the National People's Congress at the Great Hall of the People in Beijing on March 11, 2024. Communist Party leaders gather this week for another closely watched meeting, known as the third plenum.
Politics

China's third plenum kicks off as GDP disappoints: 5 things to know

All eyes on how Communist Party plans to steer economy through headwinds

15 July 2024
Rishi Sunak has stepped down as British prime minister since the Group of Seven summit in Italy in June. U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida face elections later this year.
Comment

From U.S. to Japan, unpopular leaders cast shadow on global economy

Reform, not protectionism, is key as political headwinds mount

15 July 2024
A lack of homegrown tech giants has contributed to Japan's "digital deficit": It imports far more digital services than it exports to the rest of the world.
Market Spotlight

Japan's love of Amazon Prime, YouTube Premium piles pressure on yen

'Digital deficit' drags down the country's trade balance

15 July 2024
Khadga Prasad Sharma Oli, chief of the Communist Party of Nepal, has the backing of the Nepali Congress -- the country's largest political party.
Politics

Nepal appoints veteran Communist politician as new prime minister

Oli becomes 14th prime minister since 2008, with majority support in Parliament

15 July 2024
SadaPay gives Turkey's Papara fairly low-cost access to Pakistan's huge digital wallet market, and the deal could bring other foreign investors to the South Asian nation.
Startups

SadaPay deal has Pakistan looking to startups to attract foreign capital

Turkish fintech Parapa's acquisition of digital wallet startup seen as a harbinger

14 July 2024
Toyota's electric vehicle bZ4X was on display last August at the Gaikindo Indonesia International Auto Show. Japanese carmakers have long dominated the Indonesian market.
Your Week in Asia

China 'third plenum' meeting, ADB economic outlook, Indonesia Auto Show

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

14 July 2024
Laos recently ousted the head of its central bank as authorities in the debt-laden country scramble for scarce foreign currency. (Nikkei montage/Source photos by Ken Kobayashi)
Economy

Laos central bank shake-up reveals forex crisis, China dependence

Vientiane may need more help from Beijing to stem cash outflows

14 July 2024
The yen's spike against the dollar in recent days suggests one or two interventions by Japanese authorities, market watchers say.
Currencies

Yen's wild ride reflects Japan wage growth anxiety

Weak currency threatens to leave workers feeling no better off

14 July 2024
The new loan deal, which is subject to approval by the IMF's executive board, is to last 37 months.
Finance

Pakistan reaches $7bn loan deal with IMF

Government promises to increase tax collection and number of payers

13 July 2024
The yen's latest gains came after data showed that U.S. producer prices increased moderately in June. (Photo by Mizuho Miyazaki)
Currencies

Yen hits 4-week high as intervention questions circulate

Move sparks speculation that Japanese officials propped up currency for 2nd day

13 July 2024