Economy

The cost of aging population

South Korea under pressure to reform to prevent bankruptcy

SEOUL -- South Korea is under pressure to urgently reform its industrial structure, including chaebol --family-controlled conglomerates -- following a report projecting financial collapse due to a declining workforce. In late January, the Nationa...

  • BOJ's quest for inflation

    More easing ahead? Trends, not prices, will likely decide

    TOKYO -- In April 2013, the Bank of Japan introduced its quantitative and qualitative monetary easing program to help pull the country out of deflation. Nearly two years later, the bank's 2% inflation target is still out of reach, not least of all be...

  • Opinion & Analysis

    China needs to let its Silicon Valley-like companies grow

    K.C. Fung argues that Chinese authorities and their control mania run the risk of throttling the country's thriving digital economy.

  • No major progress in latest Japan-U.S. TPP talks: minister

    TOKYO (Kyodo) -- No major progress was made during the latest Japan-U.S. negotiations on a Pacific Rim free trade agreement, Japan's Economic and Fiscal Policy Minister Akira Amari said Friday. The two countries on Thursday resumed working-level ...

  • 'New normal'

    China tries balancing reform, stability as economy slows

    BEIJING -- China's first cut to its economic growth target in three years reflects what the government dubs the "new normal," or a break from a growth-above-all philosophy in favor of pursuing both reform and stable growth. But the decelerating econo...

  • Bank Negara

    Central bank holds interest rate steady

    KUALA LUMPUR -- Bank Negara, Malaysia's central bank, is maintaining its overnight policy rate at 3.25% as domestic demand continues to support economic growth. The central bank expects the economy to be sustained by local investments despite ex...

  • China's growth goal

    GDP target lowered to 7%, likely to stay there

    BEIJING -- The Chinese government set its economic growth target for 2015 at around 7%, the lowest in 11 years. Prime Minister Li Keqiang announced the new goal Thursday morning at the opening of the National People's Congress, the annual meeting of ...

  • China sets GDP target for 2015 at around 7%, lowest in 11 years

    BEIJING (Kyodo) -- China said Thursday its economic growth target for 2015 has been set at around 7 percent, the lowest in 11 years, as it seeks to improve the quality of development over quantity while confronting an array of challenges from a widen...

  • Unsafe haven

    Russia's rating gets worse in R&I's country risk poll

    TOKYO -- The risk of investing in Russia has risen sharply, according to a report by Rating and Investment Information, a Japanese credit rating agency. A plunge in the value of the ruble and the toll of Western sanctions imposed on Russia in res...

  • Fostering deregulation

    China puts free trade zones to the test

    BEIJING -- The annual session of the National People's Congress, China's key political event, will convene in Beijing Thursday, with the market-driven reforms of President Xi Jinping taking center stage. The litmus test of this economic policy is...

  • Rajan, Modi in sync

    India's interest rate cut is bid for growth

    MUMBAI -- The Reserve Bank of India unexpectedly cut interest rates for the second time this year Wednesday as part of a joint effort with the government to boost the economy. The central bank lowered its policy rate by 25 basis points to 7.5%. T...

  • Blocking knockoffs

    Japan tries to enlist more companies to fight fakes

    TOKYO -- Japan will strengthen its first line of defense against imports of counterfeit consumer goods by making it easier for companies to seek action by customs agents. The number of cases of imports being suspended because they were deemed to ...

  • India

    Beef consumption criminalized in Maharashtra

    NEW DELHI -- Beef has fallen off the menus of Mumbai, India's commercial hub, and other parts of western Maharashtra state where anyone found selling or possessing the world's favorite red meat could now face jail time of up to five years. Mahara...

  • Indian surprise

    Rajan cuts policy rate to 7.5%

    NEW DELHI -- The Reserve Bank of India on Wednesday announced another surprise interest rate cut, bringing down the repo rate 25 basis points to 7.5%, the second such move outside the monetary policy cycle in less than two months. The new rate ta...

  • India central bank cuts key rate to 7.5%

    MUMBAI (Dow Jones) -- The Reserve Bank of India surprised markets Wednesday with an unscheduled cut to its key lending rate, indicating that it is joining a widespread easing in monetary policy the world over. The RBI cut its main repurchase rate...

  • Debate on trade bill at U.S. Congress may be delayed: reports

    WASHINGTON (Kyodo) -- The chief of a U.S. Senate panel handling trade issues suggested Tuesday there would be further delay in debating a bill to grant President Barack Obama fast-track authority to sign trade deals, according to U.S. reports. "I...

  • World's most expensive cities

    Singapore still priciest place for expats

    SINGAPORE -- Singapore remains "the most expensive city to live in," according to this year's survey on worldwide costs of living complied by The Economist Intelligence Unit. It is the second consecutive year for the city to be ranked the world's pri...

  • Indonesian fisheries

    Minister's new marine protection measures rile industry

    JAKARTA -- New ministerial decrees aimed at protecting fishery stocks and a lack of industry consultation led to a rare backlash against the new government of President Joko Widodo last week. "Susi is an enemy of people," shouted fishermen and th...

  • Cabinet OKs bill to achieve final stage of power sector reform

    TOKYO (Kyodo) -- The Cabinet on Tuesday approved a bill to implement the separation of electricity generation and transmission in April 2020 as the final stage of a three-stage shakeup of Japan's power industry in the wake of the 2011 Fukushima crisi...

  • Rising wealth

    Japanese richer in foreign-currency assets than ever

    TOKYO -- Japanese households' foreign-currency-denominated holdings of stocks, bonds and other financial assets have reached an all-time high as ultralow domestic interest rates and a weak yen have driven investors to seek higher yields abroad. F...