A view of Kuala Lumpur's skyline: Malaysia's growth accelerated in the first quarter of 2024, helped by stronger private consumption and a recovery in exports.
Economy

Malaysia's GDP grew 4.2% in Q1, fastest in a year

Robust consumption and export recovery help lift economy

17 May 2024
Isabel Schnabel, a member of the European Central Bank's executive board, discussed the bank's interest rate path. (Photo by Marlies Matthes)
Interview

Transcript: ECB board member Isabel Schnabel speaks with Nikkei

'Last mile of disinflation is the most difficult,' central bank policymaker says

17 May 2024
Isabel Schnabel, a member of the European Central Bank's executive board, spoke with Nikkei on May 13. (Photo by Marlies Matthes)
Economy

ECB hawk Schnabel open to June rate cut, urges 'cautious' approach after that

Further easing in July 'does not seem warranted' based on current data

17 May 2024
Shipping containers at the port of Long Beach, California. Beijing says the U.S. is "hyping" industrial overcapacity "as an excuse to discredit and suppress China."
US-China tensions

China slams 'wrongful' U.S. tariff hikes as markets await response

Commerce Ministry blasts overcapacity claims but stays mum on escalation

16 May 2024
BYD cars are prepared for export at the port of Lianyungang, China: More than half of EVs being sold worldwide are made in the country.
Opinion

West must face up to paradox of green transition

Importing Chinese products will be cheaper and faster but hurt local suppliers

16 May 2024
Signboards for MUFG, Mizuho and Sumitomo Mitsui on a Tokyo street. Japan's three megabanks are expecting profits to keep accumulating as interest rates rise. (Photo by Nanami Sato)
Finance

Japan's megabanks upbeat after doubling profits in five years

MUFG, Sumitomo Mitsui and Mizuho exploit scale to chalk up record earnings

16 May 2024
The Japanese currency had remained around the 156 level even after likely government interventions to shore up the yen in late April and early this month.
Currencies

Yen rises to 153 during Tokyo hours as U.S. consumer inflation eases

Economists increasingly concerned over weak yen weighing on Japanese consumers

16 May 2024
Thai workers march along a road to mark International Labor Day 2024. The Thai government is adamant about raising the minimum wage, but businesses are lobbying against the move.
Work

Thailand could lose jobs with minimum wage hike, business lobby says

Labor-intensive industries may move across border or hire migrants at low pay

16 May 2024
Vegetable section of a supermarket in Tokyo. From January to March, Japan's weak consumer spending pushed down the size of its economy. (Photo by Yutaka Miyaguchi)
Economy

Japan's Q1 GDP shrinks annualized 2% on sluggish consumption

Consumption drops for fourth quarter as inflation hits households

16 May 2024
The ''BYD Explorer No. 1'' car carrier sets sail from a Chinese port on Jan. 10.
Automobiles

China EV makers rush cars to Mexico and Brazil amid tariff concerns

BYD and others snap up shipping berths as U.S. hikes import tax to 100%

16 May 2024
Fanuc sees orders for its industrial robots falling amid a slowdown in electric vehicle investment in China.
Business trends

Japan Inc. projects 4% profit fall on China and Europe slowdown

Manufacturers see little boost from weak yen that drove record earnings in fiscal 2023

16 May 2024
Lawrence Wong speaks after he is sworn in as Singapore's new prime minister on May 15.
Politics

Singapore PM Lawrence Wong vows to lead in 'own way' at inauguration

Successor to Lee Hsien Loong calls on younger citizens to 'join our team'

16 May 2024
China is relaxing visa requirements for tourists arriving on cruises to stimulate the economy. (Xinhua via Kyodo)
Travel & Leisure

China allows visa-free entry for cruise ship passengers

Groups may stay up to 15 days, in move to boost economy

15 May 2024
Factory workers in China. Business confidence is down among a broad range of Japanese companies in the country. (cnsphoto via Reuters)
Economy

Half of companies see China economy worsening this year: Japan chamber

While overall sentiment is down, a few companies plan to boost investments

15 May 2024
A construction site in Istanbul. Turkey will halt public investment in new buildings for three years.
Inflation

Turkey slashes public investments 15% to rein in inflation

Erdogan's government switches gears toward an estimated $3bn in spending cuts

15 May 2024
Dubai's real estate market has attracted a lot of investment from overseas and achieved high growth. 
Terrorism

Terrorist groups suspected of funneling money to Dubai properties

'Dubai Unlocked' project finds individuals with alleged links to Hezbollah, Houthis among owners

15 May 2024
Australia's government is hoping to benefit from the global green energy transition.
Economy

Australia plans to spend $15bn on green investments over 10 years

Canberra focuses spending on energy transition, inflation as election looms

14 May 2024
A Piramal Pharma lab in Mumbai: Indian companies are investing aggressively to expand their capabilities and offerings into more complex and high-value product lines.
Opinion

India can be a real alternative to China in pharmaceuticals

Dependence on imported ingredients and quality assurance are being addressed

14 May 2024
Prime Minister Srettha Thavisin's ruling Pheu Thai Party faces challenging economic conditions. (NIkkei montage/Source photos by Ken Kobayashi and Hiroki Endo)
Politics

Thai ruling party grapples with slow economy 1 year after election

Political pledges languish as weak global demand weighs on manufacturing

14 May 2024
Vacant storefronts in central Seoul. In the first quarter of this year, 11,341 small-business owners defaulted on loans, bringing the total number of self-employed people in default in South Korea to 72,815. (Photo by Steven Borowiec) 
Economy

South Korea's self-employed struggle under growing debt load

One restaurateur finds niche in catching, cooking freshwater fish

14 May 2024
Lawrence Wong, left, will succeed Lee Hsien Loong as Singapore's prime minister on May 15. (Nikkei montage/Source photos by AP and Tomoki Mera)
Asia Insight

New Singapore PM Lawrence Wong's test: Change with continuity

Incoming leader expected to 'refresh' job support, 'listen' to diverse voices

14 May 2024
An oil refinery in Tomakomai, Japan is the site of a key carbon dioxide storage demonstration project: The country's initial CO2 storage plan comprises five domestic and two overseas sites.
Opinion

Japan cannot make CO2 disappear just by exporting it

Plans for overseas storage must involve taking permanent responsibility

14 May 2024
Commuters in Tokyo. Japan's economy appears to have stalled during the first quarter of this year. (Photo by Yuji Murakami)
Economy

Japan's March GDP slips on weak consumption: JCER estimate

Decline would mark third straight month of contraction, signaling quarterly fall

13 May 2024
China is set to start selling 1 trillion yuan worth of long-term bonds meant to drum up funds to bolster the economy.
Economy

China to start selling 1tn yuan in long bonds for economic support

First batch to be issued Friday as Beijing aims to drum up cash for key projects

13 May 2024
Bangladesh's central bank has been struggling to tame the country's high inflation.
Economy

Bangladesh acts to tame inflation as IMF pledges $1.1bn loan

South Asian nation to let currency and lending rates heed market forces

13 May 2024