A solar farm in Cestas, France. The overcapacity of solar panel production has been a particular problem for European manufacturers.
Energy

China solar panel glut squeezes European suppliers as prices plunge

With plants closing, EU industry groups warn of bankruptcy risk without support

1 June 2024
Shopkeepers at a wholesale market in Kolkata. India's economic growth beat the 6.7% rise predicted by 54 economist for the January-March period.
Economy

India GDP grows 7.8% in Jan.-March, as manufacturing recovers

Performance beats expectations, but private investment and consumption still weak

31 May 2024
The yen fell 15% against the dollar in 2022 and 7% in 2023, while it has dropped 10% so far in 2024, making it the worst performing major currency. (Photo by Nanami Sato)
Currencies

Japan's recent yen-buying intervention hit record level

Bought total of $62bn from late April to support currency against dollar

31 May 2024
A cargo ship is docked at a port in Keelung, Taiwan, in January 2022. Taiwan and China signed a pact in 2010 that introduced favorable duties for both sides.
Taiwan tensions

Taiwan protests as China strips preferential tariffs on 134 products

Minister calls move a 'political maneuver' to pressure Taipei

31 May 2024
An employee works on a production line for solar panels at a factory of GCL System Integration Technology in Hefei, in China's Anhui province, on May 16. (China Daily via Reuters)
Economy

China factory activity contracts in May, breaking short growth spurt

Reading misses forecast as analysts warn of economic imbalances

31 May 2024
Southeast Asia is emerging as the latest battleground for tech suppliers serving Apple, Google and others. (Nikkei montage/Photo by AP and Takuya Fujiwara)
Business Spotlight

From Vietnam to Thailand, tech suppliers face tougher battle as China moves in

Taiwanese companies and others face stiff competition from deep-pocketed rivals

31 May 2024
Foreign investors are snapping up properties in areas like Tokyo's Minato Ward.
Property

Tokyo and Osaka see world's sharpest rise in condo prices

Weak yen pulls Asian money into relatively cheap Japan market

31 May 2024
Removal of melted fuel at the Fukushima Daiichi nuclear plant has been plagued by delays. (Photo by Kosaku Mimura)
Environment

Fukushima nuclear debris removal to begin as early as August

Crucial work at devastated plant has been delayed for three years

31 May 2024
The Reserve Bank of India maintains one of the smallest balance sheets among its peers.
Opinion

India's central bank must be revamped for the economy's sake

RBI should be regionalized and support corporate bond market

30 May 2024
Australian beef producers are hopeful for an increase in exports to China now that restrictions have been eased. (Photo by Rurika Imahashi)
Trade

Australia's beef producers eye expansion in China as more bans lifted

Country's $7.6bn beef export sector 'parties' as impediments to major market fall

30 May 2024
Belief that the Bank of Japan will further tighten its policy to prop up the yen and cool import price inflation has pushed up yields for Japanese government bonds. (Photo by Yuji Murakami)
Markets

Japan's 10-year bond yield hits 13-year high; Nikkei average sinks

Yen falls to 4-week low on belief Fed will go higher for longer takes hold

30 May 2024
The U.S. securities regulator approved the first bitcoin ETFs in January. Among them, an ETF managed by BlackRock has amassed bitcoins worth a total of $16.5 billion.
Cryptocurrencies

Japan's path to bitcoin-linked ETF trading pocked with obstacles

Tax policies, financial laws and regulators all stand in the way

30 May 2024
Payments by the BOJ to the government are seen as a critical source of funds for the country's defense buildup. (Photo by Yuji Murakami)
Bank of Japan

BOJ pays record $14bn to government on ETF gains and bond interest

Unrealized losses on Japanese government bonds skyrocket amid higher rates

30 May 2024
Construction companies, like Takenaka, were among those implementing major pay hikes for 2024. (Photo by Kosaku Mimura)
Work

Over 90% of Japan companies agree to base pay hikes in 2024: survey

Inflation and labor shortages drive highest boost in wages since bubble years

30 May 2024
High interest rates and efforts by Chinese policymakers to stimulate the economy pose an ongoing challenge to the yuan's value.
Currencies

Chinese yuan falls to six-month low on dollar strength

Gradual weakening highlights U.S., China monetary policy divergence

29 May 2024
The International Monetary Fund expects China's economy will grow 5% for 2024 and 4.5% for 2025, but slow to 3.3% by 2029.
Economy

IMF lifts China growth outlook but warns on property and trade troubles

Fund sees economy hitting 'around 5%' target in 2024 before slowing in coming years

29 May 2024
China's huge stock of unsold housing has led to a steep drop in land-usage sales to developers by local governments.
China debt crunch

China's 'hidden' defaults reflect weak local government finances

State homebuying program aims to revive land sales to cover off-the-books debt

29 May 2024
Chinese President Xi Jinping, center, and South African President Cyril Ramaphosa, second from left, attend the China-Africa Leaders' Roundtable Dialogue during the BRICS Summit in Johannesburg in August 2023.
International relations

Thailand aims to become first Southeast Asian BRICS member

Bangkok eyes bigger role among emerging nations in bloc led by China, India, Russia

29 May 2024
With the government losing support, Prime Minister Srettha Thavisin in legal jeopardy and the country's economy only managing to inch forward, the Pheu Thai party has placed all its chips in a controversial digital wallet scheme. (Photo by Hiroki Endo)
Economy

Thai cabinet signs off on $3bn in borrowing for digital wallet

PM Srettha launches last-resort bid to fund Pheu Thai's promised handout

28 May 2024
Malaysian Prime Minister Anwar Ibrahim speaks at a semiconductor event in Kuala Lumpur on May 28. (Photo by Norman Goh)
Semiconductors

Malaysia to train 60,000 engineers in bid to become chip hub

Government to allocate $5.3bn in new National Semiconductor Strategy

28 May 2024
Bangladeshi Prime Minister Sheikh Hasina speaks to journalists on Jan. 8 after winning her fourth term in power. The elections were marred by violence and arrests of opposition leaders.
International relations

Renewed U.S. outreach to Bangladesh signals strategic shift in region

U.S. diplomat Lu prioritizes economic partnership to counter China's influence

28 May 2024
Shenzhen malls are bustling with shoppers from Hong Kong and elsewhere. (Photo by Itsuro Fujino)
Economy

In reversal, Hong Kong shoppers flock to Shenzhen to bargain hunt

Retailers in territory struggle with northbound shift driven by strong currency

28 May 2024
South Korean President Yoon Suk Yeol speaks during a meeting with business leaders also attended by Chinese Premier Li Qiang, far right, and Japanese Prime Minister Fumio Kishida, second from right, at the Korea Chamber of Commerce and Industry in Seoul on May 27.
Economy

South Korean, Japanese and Chinese executives plan digital cooperation

Business leaders participate in gathering linked to countries' trilateral summit

27 May 2024
From left: Japanese Prime Minister Fumio Kishida, South Korean President Yoon Suk Yeol and Chinese Premier Li Qiang were all smiles at a trilateral summit in Seoul on May 27. (Photo courtesy of Japanese Cabinet Office)
International relations

China, Japan and South Korea vow to seek progress on FTA

East Asian powers aim to 'institutionalize' summit meetings after long hiatus

27 May 2024
China's former central bank chief Zhou Xiaochuan speaks to Nikkei Asia in Tokyo, on May 23. (Photo by Yumi Kotani)
27 May 2024