Japan's economy shrank an annualized 0.1% in May, according to the Japan Center for Economic Research. (Photo by Yutaka Miyaguchi)
Economy

Japan's May GDP shrank 0.1% on weak consumption: JCER

Economy falls into contraction for the first time in four months

9 July 2024
A commuter walks past the building of India's Ministry of Finance during dusk in New Delhi, India. The current economic climate is not only providing India with fodder for growth, but it is also a recipe for disaster.
Opinion

Warning signs are flashing over India's financial excesses

Risk-taking could inflate bubbles in the nation's economy.

9 July 2024
India is forecast to account for 20% of growth in global food consumption over the next decade as its economy and population grow.
Agriculture

India to drive food demand as China's appetite wanes: report

Reducing waste is critical as climate risks grow, says U.N. agency and OECD

9 July 2024
Technicians work on solar panels installed on the roof of a house in Karachi on June 8. Solar panels, mostly from China, are spreading across Pakistan as residents seek solutions to outages and hefty bills.
Asia Insight

Pakistan's rooftop solar boom shines spotlight on power crisis

Blackouts, soaring electricity bills spur urban, rural residents to install own panels

9 July 2024
The yen has weakened past 160 per dollar due in large part to currency pressures posed by the new NISA program. (Photo by Yuji Murakami)
Currencies

Japan households' offshore investments top trade deficit, weakening yen

NISA tax-free scheme drives record purchases of overseas assets

9 July 2024
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin meet in September 2022 on the sidelines of the Shanghai Cooperation Organisation's summit in Uzbekistan.
International relations

Modi travels to Moscow for first time since Ukraine war

Visit shows 'resilience' of India-Russia ties amid global uncertainty, observers say

8 July 2024
Japan's highest pay hike in more than three decades has yet to outpace inflation. (Photo by Yutaka Miyaguchi)
Economy

Japan's real wages down 1.4% in May, declining for record 26th month

Downward pressure continues as weakening yen pushes up import costs

8 July 2024
A 7-year-old girl's shrapnel wound is dressed after Pasaung, a town in Karenni state in eastern Myanmar, was repeatedly bombed and set ablaze by the Myanmar Air Force on March 1. (Photo by Free Burma Rangers) 
Myanmar Crisis

Myanmar military's bombing of civilians set for record year

Amnesty International and United Nations report failure of jet fuel sanctions

8 July 2024
Tsuruya Department Store in the Japanese city of Kumamoto, left, stocks a range of fancy wines, hoping to appeal to the tastes of executives connected to a cutting-edge chip plant that recently opened in the area. (Photos by Ryo Asayama and Arisa Moriyama)
Food & Beverage

Japanese department stores lure big-spending executives from new TSMC plant

Fine wines and fancy bags among items popular with tech staff working at site

7 July 2024
Samsung Electronics workers hold a rally in Hwaseong, south of Seoul, on April 17 to demand better working conditions. (Photo by Kim Jaewon)
Your Week in Asia

Modi meets Putin, Samsung faces strike, Philippines-Japan '2-plus-2'

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

7 July 2024
Vietnam's Prime Minister Pham Minh Chinh prepares to enter a bilateral room at the Great Hall of the People in Beijing on June 26, 2024. 
Economy

Vietnam targeting Q3 GDP growth of 6.5%-7.0%, PM says

Stick to its target of keeping inflation below 4.5% this year

6 July 2024
The prices of many pre-owned Japanese action figures have spiked over the past decade, according to Aucfan, which operates price analysis tools. (Photo by Hitomi Izawa)
Media & Entertainment

Anime action figure prices more than double on overseas popularity

Collectors travel to Japan to hunt for favorite characters in secondhand market

6 July 2024
Japan's corporate metabolism is finally accelerating, with an increasing number of companies entering and exiting the market.
Datawatch

Japan Inc. shows signs of faster rejuvenation

Corporate metabolism quickens as both business births and deaths rise around 10%

6 July 2024
A textile market in Jakarta: The Indonesian government plans to impose new import tariffs on clothing, textiles and other products to protect local industries.
Economy

Indonesia business lobby says tariffs 'not solution' for industry

Head of chamber of commerce calls for fair competition to grow SMEs

6 July 2024
China's Haidilao has opened a new low-price hot pot chain. (Photo by Kohei Fujimura)
Inflation

Cheaper meals are back in China, Japan and U.S. -- for different reasons

McDonald's fights inflation fatigue with $5 deal while Chinese chain offers $1 breakfast

6 July 2024
The Bangkok area's Suvarnabhumi Airport will be affected by the duty-free shop closures, along with seven other airports.
Travel & Leisure

Thailand to shut duty-free shops at airport arrival zones

Tourist destination wants visitors to spend more in the country

6 July 2024
Japan's Government Pension Investment Fund benefitted from rising stock prices and a weak yen.
Finance

Japan pension giant GPIF delivers record $280bn annual return

Fund under pressure to generate bigger gains as wage growth picks up

6 July 2024
Spanish economy minister Carlos Cuerpo tells Nikkei Asia on July 4 that his country will not engage in a 'trade war' with China. Cuerpo is in Tokyo to launch a Japan-Spain business forum. (Photo by Satoko Kawasaki)
Interview

EU must not be 'naive' in China EV talks, Spain economy minister says

Bloc should protect domestic industries and 'be a bit more self-centered'

5 July 2024
A cognac distillery in southwestern France. China's Commerce Ministry has set a hearing to discuss an ongoing investigation into claims that European brandy producers are selling into China at below market rates.
Trade war

China unveils next steps in EU brandy probe as EV tariffs take effect

Commerce Ministry sets hearing for July 18; Beijing threatens wide-ranging retaliation

5 July 2024
A shopper checks out discounted items at a Tokyo supermarket. Japanese workers' monthly pay will rise an average of 5.1% this fiscal year, but high inflation is squelching consumption. (Photo by Akitoshi Sugiura)
Economy

Japan May household spending falls 1.8% on higher prices

Ministry official casts doubt on whether wages have kept pace with prices

5 July 2024
Thailand's drive into data centers comes as the nation looks to modernize its industrial sector. (Nikkei montage/Source photo by Ken Kobayashi)
Economy

Thailand ramps up push into data centers

Companies such as Microsoft turning to Southeast Asian nation

5 July 2024
A BYD car imported to Germany. The Chinese electric vehicle maker faces the lowest additional import duties of 17.4%, because it cooperated with Europe's investigation.
Trade war

EU presses ahead with Chinese EV tariffs as talks continue

Divided Europe still needs unity in approach while China's carmakers ponder moves

4 July 2024
Japan could adopt financial measures that have promoted entrepreneurship elsewhere, Richard Katz argues.
Opinion

Japan must grab its entrepreneurial moment

Bold government measures are needed to unleash nation's start-up potential

4 July 2024
China's government has set a GDP growth target of "around 5% for this year.
Economy

China economists forecast GDP growth slowdown to 5.1% in Q2

Official annual target of 'around 5%' in sight, but pressure for support grows

4 July 2024
Japan's shrinking labor force is a major obstacle for its economic growth.
Japan immigration

Japan headed for shortage of 970,000 foreign workers in 2040

JICA doubles estimate amid global race for employees and weaker Asian growth

4 July 2024