A customer checks out Ohtani merchandise March 19 at Gocheok Sky Dome in Seoul. (Photo by Tetsuya Fujita)
Sports

Shohei Ohtani fever drives $150m windfall from MLB Seoul Series

Dodgers' Japanese superstar a huge draw for South Korean baseball fans

21 March 2024
The Bank of Japan on March 19 scrapped its negative interest rate policy, raising rates for the first time in 17 years.
Bank of Japan

BOJ's next rate hike in spotlight as investors eye July or October

Hawks see possible summer move if inflation resurges; doves look beyond 2024

21 March 2024
The yen is approaching a multidecade low marked in 2022. (Photo by Shinya Sawai)
Currencies

Yen hits upper 151 range to dollar despite BOJ rate hike

Interest gap with other economies seen persisting after end to negative rates

21 March 2024
Like all major cities in China, Shanghai, the financial capital, is suffering from weak foreign investment. 
Economy

China plans to ease visa rules to attract foreign talent and money

Officials head off to the U.S. and Europe to rekindle waning foreign interest

20 March 2024
A view of Kuala Lumpur. Malaysia's central bank expects the country's economy to grow 4% to 5% this year. (Photo by Hiroki Endo)
Economy

Malaysia's central bank projects 4%-5% GDP growth in 2024

IT and semiconductor investments expected to boost Southeast Asian economy

20 March 2024
BOJ Governor Kazuo Ueda answers reporters' questions on March 19. (photo by Koji Uema)
Bank of Japan

What's next for the BOJ after its exit from negative rates?

Yen and inflation in focus as investors look past 'lost decades'

20 March 2024
In addition to raising interest rates, the Bank of Japan is expected to reduce its purchases of Japanese government bonds as it ends its yield curve control policy.
Economy

Japan debt servicing costs face climb as BOJ ends negative rates

Interest payments could triple in 10 years, squeezing government coffers

20 March 2024
Japanese Finance Ministry officials worried that the yen could fall lower if Bank of Japan Gov. Kazuo Ueda stressed keeping monetary policy loose. (Photo by Koji Uema)
Bank of Japan

Yen, wages and politics forced BOJ's hand on March rate hike

Earthquake took January off table; currency slump spurred move before April

20 March 2024
U.S.-ASEAN Business Council President Ted Osius, left, speaks at a news conference in Hanoi on March 18. (Photo by Yuji Nitta)
Companies

Boeing, Meta join U.S. business delegation to Vietnam

Companies weigh investment opportunities amid 'friendshoring' push

20 March 2024
BOJ Governor Kazuo Ueda speaks at a news conference at the bank's headquarters in Tokyo on March 19. (Photo by Mayumi Tsumita)
Bank of Japan

BOJ ends negative rates, leaves questions over policy direction

Ueda vows to 'set monetary policy like other normal central banks'

19 March 2024
Investors are now asking whether the BOJ will further raise rates this year, and if so, at what pace. (Photo by Nanami Sato)
Markets

Japanese yen slides past 150 after BOJ decision to raise rates

Nikkei average regains 40,000 line; Topix rises 1%

19 March 2024
Singapore's new system allows travelers to scan a QR code to clear border checkpoints without showing their passports. (Photo courtesy of Singapore's Immigration and Checkpoints Authority)
Economy

Singapore starts QR code clearance at busy crossing to Malaysia

Nikkei reporters traveling by car needed only 20 seconds at immigration counter

19 March 2024
Stuart Hordern, chief winemaker at Brokenwood Wines, says an end to China's tariffs would be "great news." (Photo by Rurika Imahashi) 
Food & Beverage

Australian winemakers hopeful about China lifting tariffs

Many producers are 'incredibly excited,' but some have moved on from the market

19 March 2024
Solar panels and wind turbines in Quy Non, Vietnam. The U.S. is supporting exports related to renewable energy, the climate and infrastructure to the Southeast Asian country.
Supply Chain

U.S. to finance $500m in green exports to Vietnam

Clean energy, infrastructure and climate projects may get Exim Bank loans

19 March 2024
A man counts Pakistani rupee notes at a currency exchange in Peshawar, Pakistan, in September 2023. The country is attempting to escape an economic crisis with the help of the International Monetary Fund.
Economy

Pakistan targets new IMF deal with banker atop Finance Ministry

Government accused of bending rules on cabinet selection

19 March 2024
Wages in Japan are rising, but broadening these gains remains a challenge. (Photo by Takaki Kashiwabara)
Work

Japan minimum wage falls short by international standards

Pay floor is only 45% of full-time level, versus 60% in South Korea and France

19 March 2024
The labor ministry will launch workshops for employers later this month on relevant laws as well as tips on communication with foreign workers. (Photo by Chiaki Kameda)
Japan immigration

Japan to help employers spot labor issues faced by foreign workers

Companies urged to pick designated managers to avoid problems

19 March 2024
Scallops fetch a high price at an upscale supermarket in Los Angeles. (Photo by Tomohiro Ichihara)
Food & Beverage

Japan's scallops, spurned by China, head to high-end U.S. market

Processed in Mexico, sushi-grade untreated shellfish fetches twice the price

19 March 2024
The Bank of Japan is preparing to end major parts of its monetary easing program at this week's policy board meeting. (Photo by Yuji Murakami)
Bank of Japan

BOJ to end yield curve control and ETF purchases Tuesday

Negative interest rates also ending in Japanese monetary policy shake-up

19 March 2024
The Nikkei Stock Average rose over 1,000 points on March 18. (Photo by Yuji Murakami)
Markets

Japan's stocks rise over 2% as BOJ rate hike expectations build

Annual wage deals give weight to prospects for higher interest rates

18 March 2024
A man walks past a construction site in Beijing's central business district in late February.
Economy

China industrial output rises 7% but real estate weighs on economy

January-February stats show retail sales beat expectations, buoying prices

18 March 2024
Experts discuss Asia's response to global issues likely to arise after this year’s U.S. presidential election during a symposium in Tokyo on March 15. (Photo by Akira Kitado)
International relations

Asia must keep pushing for free trade after U.S. election: experts

Tokyo symposium highlights protectionism worries amid potential Trump comeback

18 March 2024
Debt restructuring or swaps for local government financing vehicles, either through banks or special refinancing bonds, will only provide temporary relief against an imminent liquidity crisis, scholars and analysts say.
Caixin

Why China's drive to resolve hidden government debt could fall short

Some estimates indicate nation has around $10tn in such debt

18 March 2024
Surprisingly generous pay raises at some of Japan's biggest corporations might have finally persuaded the Bank of Japan to start moving away from its unconventional monetary policy. (Nikkei montage/Akira Kodaka, Yuji Murakami, and pool)
Market Spotlight

Japan's wage hikes create game-changing inflation dynamic as BOJ meets

Market braces for comprehensive overhaul of the central bank's monetary policy

18 March 2024
Japan's benchmark Nikkei Stock Average hit a record high on Mar. 4: Unlike 1989, there are strong fundamental factors supporting the recent run-up. (Photo by Akira Kodaka)
Opinion

Japan's stock market rally can outlast negative interest rates

Governance reforms and other initiatives are transforming the economy

18 March 2024