Japanese Finance Minister Shunichi Suzuki warned Wednesday that he would not rule out any measures and would take "decisive steps." (Photo by Jo Miyaguchi)
Currencies

Japanese yen drops to lowest in 34 years despite BOJ rate hike

Rapid depreciation of currency raises chances of government intervention

27 March 2024
Since the establishment of China’s first local financial asset exchanges in Tianjin and Beijing in 2010, the number of such institutions expanded rapidly, peaking at 80.
Caixin

China kicks off clampdown on local financial asset exchanges

Hunan, Liaoning, Xi'an and Chongqing shutting bourses to combat financial risk

27 March 2024
The Jan. 24 launch ceremony for Advantech's ASEAN shared service center in Penang, Malaysia. Vincent Chang, Advantech's managing director for Asia and intercontinental regions, is on the right. (Advantech) 
Supply Chain

Taiwan's Advantech aims to turn Malaysia into Southeast Asia hub

World's largest industrial computer maker to replicate model in Mexico and Turkey

27 March 2024
Many Japanese consumers and workers at small companies have yet to see real-life benefits from the country's recent flurry of economic good news.
The Big Story

Japan's tale of two economies: BOJ hike and stock boom yet to trickle down

'Lost decades' linger for most in spite of record pay raises and Nikkei highs

27 March 2024
There is nothing healthy about a central bank owning stocks equal to Singapore's GDP. (Photo by Nikkei)
Opinion

BOJ's next challenge will be to pull back from stocks and bonds

Curtailing of purchases and paring of portfolio risk driving market turmoil

27 March 2024
Philippine President Ferdinand Marcos Jr., center, signs the Maharlika sovereign wealth fund into law in Manila in July  2023. (Philippines' Presidential Photographers Association)
Interview

Philippines wealth fund will 'avoid' fate of Malaysia's 1MDB, chief says

Fund to launch in Q3; China investment welcome despite maritime tensions

26 March 2024
A model of a new fighter jet of the Global Combat Air Programme led by Britain, Japan, and Italy, is seen at the DSEI defence event in London on Sept. 12, 2023.
Defense

Japan approves export of cutting-edge fighter jets: 3 things to know

Japan, U.K. and Italy's GCAP plan signals pivotal shift in regional security

26 March 2024
Kaisa Group Holdings, a midsize developer in default, says its net loss for 2023 is expected to have widened from the year before, an example of flowing red ink in China's distressed property sector.
China debt crunch

China's distressed property developer losses start to pile up

Evergrande withdraws New York bankruptcy application

25 March 2024
China Chengtong boasts a prestigious AAA credit and debt rating.
Caixin

China state-owned investment firm's 30-year bond is oversubscribed

Investors queue up for ultra-long-term credit debt issued by China Chengtong

25 March 2024
The Bank of Japan overhauled its monetary policy on Tuesday, and ended the purchases of exchange traded funds. (Nikkei montage/Source photo by Reuters) 
Market Spotlight

Japan stocks could grow more volatile with end of BOJ ETF purchases

Central bank had bought most of country's exchange traded funds

25 March 2024
Hong Kong lawmakers and government officials, including Chief Executive John Lee, pose for a group photo on the floor of Legislative Council after the unanimous passage of the new national security law on March 19.
Hong Kong security law

Hong Kong's Article 23 security law takes effect: 5 things to know

How the hastily passed 'historic' law differs from that imposed by Beijing

23 March 2024
BOJ Gov. Kazuo Ueda insists the central bank's policy will remain accommodative, but the weakening yen might force his hand. (Source photos by Uichiro Kasai and Akira Kodaka) 
23 March 2024
The former headquarters of Anbang Insurance Group, in Beijing: The conglomerate collapsed after a debt-fueled acquisition spree and was seized by the government in February 2018.
Caixin

China tries to fill multibillion-dollar insurance black hole

Fears some may not be able to pay maturing policies grow as industry sinks

22 March 2024
Chinese insurance group Ping An's asset management business is being buffeted by volatile stock markets in Hong Kong and mainland China.
Finance

China's Ping An hit by $2.7bn loss in asset management business

Insurance group says stock price falls out of line with company fundamentals

22 March 2024
Anthony Tan, CEO of Singapore tech company Grab, said 2023 was a "pivotal" year for the startup in an earnings call in February. 
Editor-in-Chief’s Picks

Letter from Nikkei Asia's editor: Southeast Asia's startup winter

Shin Nakayama shares his weekly reflections and recommendations

22 March 2024
Lam Research of the U.S. is a leading producer of chipmaking equipment.  
Semiconductors

Lam Research eyes Vietnam chip supply chain as China curbs bite

Steady stream of semiconductor players enters country amid tech war

22 March 2024
Tokyo's Shinjuku district has been bustling with shoppers this year. (Photo by Makoto Okada)
Inflation

Japan's inflation rose for the 1st time in 4 months in February

Core consumer prices gained 2.8% as effects of energy subsidies faded

22 March 2024
State-owned Naura Technology Group is China's largest chip equipment maker. (Photo by Shunsuke Tabeta)
Semiconductors

China chip expo shows investment buildup amid plans for huge new fund

Beijing seeks to grow domestic supply chain free from U.S. restrictions

22 March 2024
The construction site of an office building owned by the Aoyuan group in Hong Kong in November 2021.
China debt crunch

Chinese developer Aoyuan completes offshore debt restructuring

Courts approve plan replacing dollar bonds with ones maturing in 2031

21 March 2024
In the last three business days, the Nikkei Stock Average has risen more than 2,000 points, suggesting short-term investors are jumping back into the market.  (Photo by Rie Ishii)
Markets

Japan's Nikkei average closes at all-time high after BOJ policy shift

Dovish stance of U.S. Fed encourages investors to buy risk assets

21 March 2024
Intel is expanding in Arizona, where Taiwanese rival TSMC is also investing to build an advanced chip plant. (Photo courtesy of Intel)
Semiconductors

Intel to receive up to $8.5bn in U.S. CHIPS Act grant

Company will be 'biggest' recipient of subsidies, with TSMC likely to follow

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
South Korean President Yoon Suk Yeol, right, shakes hands with U.S. Secretary of State Antony Blinken during the Summit for Democracy in Seoul on March 18.
International relations

South Korea's Yoon, Biden call for defending elections against fake news

First democracy summit held in Asia tackles disinformation, AI threats

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
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