U.S. President Joe Biden, center, with Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida at an IPEF event in Tokyo in 2022.
Opinion

Asia-Pacific free trade pacts have been a big success for the U.S.

Singapore agreement shows benefits in terms of strategic competition with China

13 May 2024
One Japanese client of Amazon Web Services says: "A dollar at the 150 yen level was unexpected. ... We need something done about it."
Technology

Yen's fall highlights Japan's overreliance on overseas tech giants

Companies paying more for cloud services to Amazon and others

12 May 2024
Craftswomen's network Link exhibits their works at an exhibition of traditional crafts in Nagoya, in central Japan, on April 27. (Photo by Yuki Kohara)
Work

Japan's traditional crafts see ray of hope in tourists, craftswomen

Despite global recognition, industry fears 40% fall in people taking up trade

12 May 2024
Singapore's new leader, currently Deputy Prime Minister Lawrence Wong, speaks to media on April 16. 
Your Week in Asia

Wong takes helm in Singapore, Japan economy data, Australia budget

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

12 May 2024
Malaysian Economy Minister Rafizi Ramli speaks to Nikkei Asia during an interview in Kuala Lumpur. (Photo by Norman Goh)
Interview

Malaysia aims to lure overseas venture capital to spur startups

Economy minister says such funding is key to sector's development

11 May 2024
A BYD vehicle carrier prepares to ship EVs to Brazil from Lianyungang port in China.
Electric cars in China

China EVs soar in Brazil, threatening Fiat, GM and VW dominance

BYD, Chery and Great Wall look to Latin America as trade tensions with West flare

11 May 2024
Foreign multinationals are less willing to invest in China due to the weaker prospects of economic growth.
Economy

China suffers 56% drop in foreign investments on weak domestic demand

Tensions with U.S. and anti-espionage law give multinationals pause

11 May 2024
Restricting trade in "legacy" semiconductors would mark a significant milestone in U.S.-China decoupling.
Opinion

Next U.S.-China chip battle will require more than export controls

Washington could seek to ban import of common products with 'legacy' semiconductors

10 May 2024
China accounts for half of the world’s steel production, and exports a third of its steel to Southeast Asia. (Photo by Tomoko Wakasugi)
Trade

Thailand considers new anti-dumping measures against Chinese steel

Southeast Asia braces for supply glut from imports and too much domestic capacity

10 May 2024
Persistent inflation has led central banks to refrain from cutting interest rates, increasing pressure on borrowers servicing payments and on banks' payouts to depositors.
Finance

ASEAN banks grapple with uncertain U.S. Fed interest rate cuts

From loan stresses to payouts, lenders manage murky financing prospects

10 May 2024
Many market watchers believe Japan intervened to shore up the weak yen last week.
Currencies

Japan seen earning $13bn from suspected yen interventions

Realized gains on dollar assets could boost surplus tapped for budget

10 May 2024
Toyota Motor doubled net profit in the previous fiscal year.
Business trends

Japan manufacturers score record profits on price hikes, weak yen

Earnings expected to help buoy wages and hiring, especially at smaller suppliers

10 May 2024
Japan's major trading houses are aiming to maintain high returns despite weaker commodity prices.
Business trends

Buffett-backed trading houses target double-digit ROEs, above Japan's average

Conglomerates announce dividend rises and share buybacks at earning conferences

9 May 2024
South Korean President Yoon Suk Yeol speaks at the Presidential Office in Seoul on May 9, pledging to make efforts to address rising food prices.
Politics

South Korea's Yoon calls for boosting ties with Japan and the U.S.

President announces new ministry to deal with birthrate 'national emergency'

9 May 2024
Cars to be exported sit at a terminal at the port of Yantai, in China's Shandong province, in January.
Trade

China's exports return to growth, rising 1.5% in April

Imports up 8.4% in dollar terms as trade friction persists

9 May 2024
Food prices have risen in Philippine fresh markets as El Nino hurts agriculture.  
Economy

Philippine GDP expanded 5.7% in Q1 but headwinds persist

Inflation, up for third consecutive month, hampers 2024 growth prospects

9 May 2024
An auto parts factory in the Indian state of Rajasthan on April 29. India is becoming a more important link in global supply chains. (Photo by Shinya Sawai)
Supply Chain

India and ASEAN rise in supply chain priority, global survey shows

Poll of 150 executives suggests China and U.S. remain vital for businesses

9 May 2024
An Indian-Russian joint venture has won a 30-year contract to manage Mattala Rajapaksa International Airport, built with Chinese funding and called the world's emptiest airport, in southern Sri Lanka. 
International relations

Sri Lanka turns to India as counterbalance to Chinese presence

Vital power, port, airport projects involve neighbor as Asian rivals focus on Indian Ocean

9 May 2024
A woman sells food at a market in Yangon, Myanmar. Food prices have soared by more than 50% over the past year. (Photo by Nikkei)
Myanmar Crisis

Myanmar's public struggles with inflation as currency tumbles

Local demand for dollars drives kyat lower as draft-age youths flee country

9 May 2024
Hong Kong's benchmark Hang Seng Index recently enjoyed its longest winning streak since 2018. (Photo by Ken Kobayashi)
Markets

China, Hong Kong stocks win back investors on economic recovery

Benchmark indexes approach S&P 500 gains, with banks and oil majors leading pack

9 May 2024
Cranes wait to pick up containers at Taiwan's Port of Kaohsiung. (Photo by Hideaki Ryugen)
Trade

Taiwan's export dependence on China drops to 22-year low

China's economic slowdown, shifting supply chains narrow share of exports

9 May 2024
Filling up at a petrol station in Karachi, the Pakistani commercial capital. Pakistan receives millions of barrels of smuggled Iranian finished petroleum products annually.
International relations

Iran smuggles $1bn worth of fuel into Pakistan annually: report

Traders sneak petrol and diesel across border in corruption-riddled trade

7 May 2024
Final production at Meyer Burger's solar module factory in Freiberg, Germany in March: Solar manufacturing in the country has declined alongside government subsidies. 
Opinion

Cheap Chinese solar panels are a blessing for Europe, not a curse

Costly attempts to rebuild domestic production would defy economic logic

7 May 2024
"Not enough time, not enough support": Uzbekistan, a landlocked country slightly bigger than California, is facing the consequences of a history of poor irrigation, with rising salinity slashing the size of usable growing areas.
Asia Insight

Uzbek farmers battle to save cotton, wheat crops from mortal enemy: salt

Growing salinization crisis bites as cotton exports to Bangladesh skid 80% in 5 years

7 May 2024
Laos' weakening currency threatens faster food price inflation. (Photo by Kenya Akama)
Economy

Laos, other debt-laden Asia-Pacific nations under pressure from strong dollar

ADB boosts funding for vulnerable countries amid debt trap fears

7 May 2024