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  • Nicholas Spiro

    China the real worry for emerging market investors

    Investor sentiment towards emerging markets remains bleak. Emerging market stocks have lost 10% in dollar terms this month, resulting in a 20% decline over the past three months. In the period between Aug. 19 and 26, emerging market bond funds s

    August 28, 2015 07:00 pm JST
  • Crisis takes its toll on currencies

    BANGKOK -- Knee-jerk reactions to Chinese moves in equity markets are currently grabbing headlines. But a longer-term perspective looking at the currency market shows just how deeply connected China has become with the global economy. The Nikkei

    August 27, 2015 12:00 am JST
  • International cooperation will be essential

    TOKYO -- The unrest rippling through global markets will test policymakers' ability to work together, calm investors and maintain economic momentum. Fears of slowing Chinese growth have cast a pall over the global economy and investors are scram

    August 27, 2015 12:00 am JST
  • Unpegged from dollar, tenge goes wild

    ALMATY, Kazakhstan -- The tenge, Kazakhstan's currency, has been gyrating wildly since the central bank and government suddenly decided on Aug. 20 to ditch its peg to the dollar in response to quickly deteriorating external circumstances. The cu

    August 27, 2015 12:00 am JST
  • Multiple factors lead to freak weather

    TOKYO -- Abnormal weather patterns have hit many parts of the world this summer in the Northern Hemisphere. Japan, Europe, Central Asia, India and the West Coast of North America have suffered from intense heat. Numerous conditions are believed

    August 27, 2015 12:00 am JST
  • Tied to China

    Crisis takes toll on currencies

    BANGKOK -- Knee-jerk reactions to Chinese moves in equity markets are currently grabbing headlines. But a longer-term perspective looking at the currency market shows just how deeply connected China has become with the global economy. The Nikkei

    August 26, 2015 07:00 pm JST
  • Batten down the hatches

    China brews a global economic storm

    TOKYO -- Market participants are rereading a year-old International Monetary Fund paper that took up the question of the global consequences of slower Chinese growth. China's economic ties with the rest of Asia have deepened not only in terms of

    August 26, 2015 07:00 pm JST
  • 'New Silk Road'

    Is China building bubbles or oases?

    BEIJING -- A development wave is transforming an area along China's border with Kazakhstan that just three years ago boasted little more than a wealth of rocks and sand. A real estate agent on the Chinese side of Khorgos, in the Xinjiang Uighur

    August 26, 2015 02:00 pm JST
  • International schisms

    Western leaders pass on China's WWII commemorations

    BEIJING -- Leaders of major Western nations will not attend China's events commemorating the end of World War II, a sign of security and economic rifts between the two sides. "So far, a total of 49 countries have confirmed presence at China's Se

    August 26, 2015 02:03 am JST
  • Repercussions of slowing trade

    Asian stock markets see broad China-led sell-off

    SHANGHAI -- Chinese stocks led an across-the-board rout in Asian markets Monday, with China's neighbors and trading partners suffering heavy losses. The Taiwan Stock Exchange Weighted Index saw its largest one-day drop in four years, slumping 4.

    August 25, 2015 05:55 am JST
  • Infrastructure loan

    ADB throws budget-constrained Kazakhstan $1B lifeline

    ALMATY, Kazakhstan -- The Asian Development Bank has approved a $1 billion loan to help budget-strapped Kazakhstan to cope better with its current economic challenges, which have already forced the government to ditch the currency peg of the tenge t

    August 22, 2015 12:59 am JST
  • Making a statement

    China to flaunt new weaponry at victory parade

    BEIJING -- China seeks to project an image of military power with its parade celebrating victory over Japan in World War II, showing off 12,000 soldiers and an array of weapons being revealed to the public for the first time. The Sept. 3 event,

    August 21, 2015 11:34 pm JST
  • Tenge plummets

    Kazakhstan abandons dollar peg amid oil slump

    ALMATY, Kazakhstan -- The currency of oil-rich Kazakhstan fell by more than a quarter Thursday after the government ditched its peg to the U.S. dollar and switched to a free-floating regime. As the National Bank of Kazakhstan withdrew its suppor

    August 21, 2015 01:00 am JST
  • Uranium perks up on Asian demand

    BANGKOK -- Prices of uranium, that most volatile and controversial of minerals, have fallen back since the 2011 Fukushima nuclear plant disaster -- it now sells at $35 per pound on the spot market, after peaking at $140 per pound in 2007. But wi

    August 20, 2015 12:00 am JST
  • Yuan devaluation hits emerging economies hard

    Investor sentiment about emerging markets was bleak even before Aug. 11, the day of the Chinese central bank's dramatic and unexpected devaluation of the yuan, the sharpest in two decades. The equity markets of developing economies have fallen 1

    August 20, 2015 12:00 am JST
  • Tapping new market

    JCB to become first Japanese credit card issuer in Mongolia

    TOKYO -- JCB will offer credit cards in Mongolia by linking up with the country's payment network, a first for a Japanese company. Thirteen commercial banks in the Bank of Mongolia's network will be able to issue JCB-branded credit cards, likely

    August 17, 2015 11:35 pm JST
  • Perfect storm

    Multiple factors lead to freak weather

    TOKYO -- Abnormal weather patterns have hit many parts of the world this summer in the Northern Hemisphere. Japan, Europe, Central Asia, India and the West Coast of North America have suffered from intense heat. Numerous conditions are beli

    August 17, 2015 01:00 pm JST
  • 70 years after WWII

    Rise of China not yet challenging 'American century'

    WASHINGTON -- This year marks the 70th anniversary of the end of World War II. In an interview with The Nikkei, Joseph Nye, a former U.S. assistant secretary of defense and chairman of the U.S. National Intelligence Council, and now a professor at H

    August 13, 2015 07:00 pm JST
  • Fed Chair Yellen walks tightrope over rate hike

    NEW YORK -- Seven years after the collapse of Lehman Brothers sent a shock wave through global markets, U.S. Federal Reserve Chair Janet Yellen and her colleagues may finally end the zero interest rate policy they put in place to contain the financi

    August 13, 2015 12:00 am JST
  • Supercycle's end ominous for resource-based economies

    TOKYO -- Global commodity prices continue to fall. The Thomson Reuters/CoreCommodity CRB Index, a key commodity gauge, has contracted to a 12-year low. The phase of soaring resource prices that persisted since the first half of the 2000s has end

    August 13, 2015 12:00 am JST