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  • Foreign companies accelerate cheap yen funding

    TOKYO -- Non-Japanese companies have been raising more funds in yen this year, with low interest rates lifting samurai loans to a record high in the first half. U.S. and European banks cut back on lending after the 2008 financial crisis, leading

    July 24, 2014 02:02 am JST
  • India faces challenges in pursuit of high growth

    The Indian government formed in May by new Prime Minister Narendra Modi has unveiled its first budget proposal, which gives priority in funds allocation to infrastructure buildup. This apparently is part of an effort to revive the economy and accele

    July 24, 2014 12:00 am JST
  • China poised to flex muscles via BRICS bank

    BEIJING -- Diplomacy has never resembled soccer -- with its uncertainty, intensity and massive audiences -- as much as it did following a meeting of Brazil, Russia, India, China and South Africa in Fortaleza, Brazil, on July 15, just two days after

    July 24, 2014 12:00 am JST
  • Weaponizing the world

    Military spending in 2013 showed year-on-year growth worldwide in all regions except for the U.S., Europe and Oceania. Increases were particularly high in emerging economies. China has nearly tripled its military spending over a decade, and now acco

    July 24, 2014 12:00 am JST
  • Rich-poor divide threatens Asia's political stability

    BANGKOK -- Political tumult continues in South and Southeast Asia and shows few signs of drawing to a close. Thailand, for example, is riven by policy and leadership disputes, particularly between the country's increasingly prosperous middle- an

    July 23, 2014 07:00 pm JST
  • Powerful aides keep Modi's premiership on track

    TOKYO -- The new government of Indian Prime Minister Narendra Modi, 63, and his Bharatiya Janata Party has gotten off to a reasonably good start. With the unveiling of the fiscal 2014 draft budget on July 10, the government's work to put the economy

    July 23, 2014 07:00 pm JST
  • China's Xi turns on the charm but will Modi be swayed?

    BEIJING -- Speculation is a favorite hobby of the Indian elite, but even the shrewdest players of political parlor games was surprised by Chinese President Xi Jinping's gift to Indian Prime Minister Narendra Modi when they met in Brazil on July 15.

    July 23, 2014 01:00 pm JST
  • Frederic Neumann: Developing Asia eyes boom in south-south funding sources

    The world's changing, again. For years, developing countries -- or, in today's parlance, "emerging and frontier markets" -- received the bulk of their external funding from multilateral agencies, such as the World Bank and the Asian Development Bank

    July 21, 2014 07:00 pm JST
  • Toyota tweaking India strategy with slightly pricier compact

    NAGOYA -- Toyota Motor is adjusting its strategy for India's auto market. Unable to gain much traction with the budget Etios, the company has decided to introduce the Vios compact by 2017, aiming at middle-class drivers who can afford to choose a ve

    July 19, 2014 05:59 am JST
  • Chinese yuan raising global profile

    HONG KONG -- Companies the world over are increasingly using China's currency to make settlements for trade and investment as they seek to hedge risk and do more business with the massive Chinese market. Yuan-denominated settlements as a proport

    July 19, 2014 04:24 am JST
  • China's Xi turns on the charm but will Modi be swayed?

    BEIJING -- Intellectual speculation is a favorite hobby of the Indian elite, but even the shrewdest of them did not suspect what gift Chinese President Xi Jinping would come bearing on his first date with Indian Prime Minister Narendra Modi, which t

    July 18, 2014 07:00 pm JST
  • New BRICS bank reflects China's global ambitions

    BEIJING -- Diplomacy has never resembled soccer -- with its uncertainty, intensity and massive audiences -- as much as it did after a meeting of Brazil, Russia, India, China and South Africa in Fortaleza, Brazil, on Tuesday, just two days after the

    July 18, 2014 03:00 pm JST
  • India's Bajaj Auto fires up 7% sales gain for April-June

    NEW DELHI -- Bajaj Auto, a leading Indian maker of two- and three-wheelers, saw sales rise 7% on the year in the April-June quarter on strong demand in its home market for its mainstay sports bike. Sales reached 51.33 billion rupees ($852 millio

    July 18, 2014 05:56 am JST
  • Indian stock market still chewing on Modi's first budget

    SINGAPORE -- While India's benchmark Sensex was little changed Thursday, investors seemed to be sinking their teeth into the Modi government's first budget proposal. The draft budget put forward last week emphasizes infrastructure investment and

    July 18, 2014 12:59 am JST
  • UN: AIDS-related deaths declining in Asia

    NEW YORK -- The number of AIDS-related deaths in Asia and the Pacific fell by 37% between 2005 and 2013, according to a United Nations report published Wednesday. The report attributed this drop to a major increase in HIV treatment in the region

    July 17, 2014 05:59 am JST
  • BRICS challenge US-led financial system with development bank

    FORTALEZA, Brazil -- The leaders of the world's five largest emerging markets have agreed to create an international development bank seen as intended to rival existing U.S.-led institutions. The new development bank is to be the first substanti

    July 17, 2014 02:42 am JST
  • Bruce Stokes: Japan, China neck and neck in Asian popularity contest

    The rivalry between China and Japan is heating up. Recent confrontations in the East China Sea have only complicated the countries' long-standing economic competition, in which growing portions of the region's population see China, not Japan, as the

    July 17, 2014 12:00 am JST
  • George Magnus: Asia looks vulnerable as Fed prepares to change its tune

    Asia-Pacific equity markets have recovered by about 8% from their nadir in February, according to the MSCI Emerging Markets Asia Index. That mirrors a global trend in which equity markets have risen strongly, especially in the U.S., while bond yield

    July 17, 2014 12:00 am JST
  • Frederic Neumann: Asia's winds of change are really picking up

    Politicians across Asia are talking about reform. That is standard fare for anyone seeking or occupying higher office, of course. But this time, it feels as if real action might follow. That the region's economies are in dire need of an overhaul

    July 17, 2014 12:00 am JST
  • India quick off mark for benchmark reform

    HONG KONG -- Regulators worldwide are scrambling to find better ways to set key financial benchmarks in light of a series of scandals. India, long hampered by the deficiencies of its own benchmarks, has emerged as an unlikely trailblazer. Under

    July 17, 2014 12:00 am JST