Reuters Asia Business

BEIJING (Reuters) – China’s exports of gallium and germanium products in March declined from year-ago levels, customs data showed on Saturday, underlining the impact of export controls in place since last August. China announced in early July 2023 it would impose restrictions on exports of eight gallium and six germanium products from Aug. 1, amid …

China’s March germanium, gallium exports yet to recover year-ago level Read More »

JAKARTA (Reuters) – Shareholders of nickel miner PT Vale Indonesia approved a rights issue that will facilitate the acquisition of a stake by Indonesia state mining holding company MIND ID, the company said in a statement late on Friday. Vale Canada and Japan’s Sumitomo Metal Mining had agreed to sell 14% of the Indonesian unit …

Vale Indonesia shareholders approve rights issue plan Read More »

By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Friday the central bank “very likely” will raise interest rates if underlying inflation continues to go up, and begin reducing its huge bond buying at some point in the future. The central bank must maintain loose monetary policy for the time being …

BOJ’s Ueda says ‘very likely’ to hike rates if inflation keeps rising Read More »

By David Lawder and Andrea Shalal (Reuters) -The International Monetary Fund’s steering committee failed to issue a joint communique on Friday amid disagreements over wars in the Middle East and Ukraine, opting instead for a statement from the body’s chair that acknowledged the economic risks posed by the conflicts. International Monetary and Financial Committee “members …

IMF committee acknowledges conflicts risk but opts against joint communique Read More »

WASHINGTON (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday authorities would take appropriate action against excessive currency market moves, repeating his warning to investors against pushing down the yen too much. There has been growing market interest in the timing and pace of a pivot by the U.S. and European central banks toward …

Japan’s finance minister gives fresh warning on excessive yen moves Read More »

By Howard Schneider and Cynthia Kim WASHINGTON (Reuters) – South Korea’s central bank chief on Friday said odds for any further policy action to stabilize the slumping Korean won now depend on how events in the Middle East unfold as the bank is ready to take steps to stabilize forex markets if needed. In an …

Bank of Korea chief watching Middle East tensions for FX, growth outlook reviews Read More »

By Leika Kihara WASHINGTON (Reuters) – The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund’s Japan mission chief Nada Choueiri said on Friday. Choueiri told Reuters that a weak yen had a net-positive impact on Japan’s …

IMF urges Bank of Japan to tread cautiously in raising interest rates Read More »