Economy

Koichi Nishioka

China not as big a bogeyman as Japan was

As China starts buying its way into America, it isn't experiencing the same backlash that greeted Japan Inc. in the 1980s, Koichi Nishioka says.

  • Japan financial markets

    Hopes pinned on policy as turbulence threatens real economy

    TOKYO -- Financial-market turbulence is beginning to cloud Japan's real economic outlook, raising questions as to whether policymakers can effectively stave off a downturn.Danger aheadDuty-free operator Laox on Friday forecast an 18% decline in group...

  • Shanghai G-20 meeting

    Capital controls seen on agenda to curb fund outflows

    TOKYO -- Capital controls and other measures to help stabilize financial markets will be discussed at the Group of 20 meeting in Shanghai late this month amid growing concern over the direction of the global economy. G-20 officials agree that the...

  • Fed's Yellen sticks to her guns as global market rout worsens

    WASHINGTON (Reuters) -- Federal Reserve Chair Janet Yellen returned to Congress with a brave face on Thursday amid a worsening meltdown in global markets and growing skepticism the U.S. central bank can carry out its long-planned pivot to "normal" mo...

  • Indonesia FDI

    Foreign ownership eased to lift competition

    JAKARTA -- In one of the most significant liberalizing steps since President Joko Widodo took office in 2014, the Indonesian government announced on Thursday the lifting of foreign ownership restrictions in 35 lines of business to boost competitivene...

  • Indian banks

    RBI's Rajan said global lenders in good shape

    MUMBAI - India's central bank Governor Raghuram Rajan on Thursday allayed fears about the health of the global banking system, saying lenders are in a good position and well-capitalized to weather the current turmoil in the world economy. He said...

  • Malaysian Economy

    December industrial production rises, widely beats market view

    KUALA LUMPUR (NewsRise) -- Malaysia's industrial production grew at a faster-than-expected pace in December, driven by higher manufacturing and electricity output. The industrial production index -- which measures output from factories, power pla...

  • Labor market

    Japanese businesses hitting brakes on Asian wage growth

    BANGKOK -- Japanese companies operating elsewhere in Asia expect employee pay to rise more slowly in 2016 than in 2015 in 10 out of 11 countries and regions, with uncertainty stemming from China's slowdown likely leaving management leery of raises. ...

  • Negative interest rates

    Tone-deaf to markets, lawmakers pass up chance to grill BOJ chief

    TOKYO -- Japanese parliamentary members passed on a chance to question the Bank of Japan governor on Wednesday, signaling their indifference to the volatile market movements that sent Japan's long-term rates into negative territory the day before. ...

  • Tomoo Kikuchi and Timothy Cheah

    China's economic woes threaten its strategic goals

    As most of East Asia ushered in the Lunar New Year, nowhere was the need for a change of fortunes more keenly felt than in China, which is facing growing challenges on nearly all fronts. In the security realm, Beijing's role as North Korea's chie...

  • Fed not likely to reverse course on rates despite risks, Yellen says

    WASHINGTON (Reuters) -- The Federal Reserve is unlikely to reverse its plan to raise interest rates further this year, but tighter credit markets, volatile financial markets, and uncertainty over Chinese economic growth have raised risks to the U.S. ...

  • Fed's Yellen says global risks could pose U.S. growth threat

    WASHINGTON (Reuters) -- Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the U.S. economy off track from an otherwise solid course, Federal Reserve Chair ...

  • Indonesia infrastructure

    Jakarta commits to 30 high-priority projects

    JAKARTA -- The Indonesian government on Wednesday revealed 30 infrastructure projects it will prioritize over the next two years. Public transport and power plants dominate the list. The coordinating minister for the economy, Darmin Nasution, sai...

  • Tony Nash and Kristina Feller

    The age of Asian infrastructure

    The need to accommodate growing populations and consumer classes is leading to a new age of project construction and connectivity

  • Global economic outlook

    China unlikely to set off financial crisis, says Japan Finance Ministry official

    TOKYO -- Amid lingering uncertainty over the outlook for the world economy, global equity and commodity markets have been choppy since the start of the year. The Nikkei recently spoke with Masatsugu Asakawa, Japan's vice minister of finance for i...

  • The new globetrotters

    Japan, South Korea try to keep up with China's travel tastes

    TOKYO -- Japanese Prime Minister Shinzo Abe was in a good mood on the evening of Jan. 19. Sipping red wine at his official residence, he told his dinner guests the news of the day: Tourist arrivals to Japan had surged 47% in 2015 to a record 19.7 mil...

  • The new globetrotters

    Hong Kong and Macau work to rekindle their tourism spark

    HONG KONG -- A stroll down Queen's Road Central reveals the changes that the drop-off in mainland Chinese tourists has wrought in this once-exclusive shopping area. U.S. luxury handbag maker Coach shut down its four-story shop here last August, a...

  • The new globetrotters

    Southeast Asia opens its arms to Chinese tourists

    BANGKOK -- It is early December and the Spring Airlines flight from Shanghai to Bangkok is full. The budget carrier flies to the Thai capital twice daily, and the passengers on this flight are predominantly mainlanders making their way to China's fav...

  • The new globetrotters

    China falls hard for New Zealand's beauty

    WELLINGTON -- The discovery of gold brought the first wave of Chinese to New Zealand in the 1860s. A century and a half later, another wave of Chinese is landing on these shores, this time just to take in the country's natural beauty. Last year, ...

  • The new globetrotters

    Helping the Chinese look beyond Big Ben

    LONDON -- Asian destinations aren't the only ones rethinking their approach to Chinese tourism. In the U.K., a new breed of tour operator is offering the growing numbers of sophisticated visitors from the Middle Kingdom an experience going well beyon...