Reuters Asia Business

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the country’s corporate price-setting behaviour was showing changes that could work to push up inflation more than expected, suggesting the economy was making steady progress toward hitting its 2% price target. But he stressed anew the central bank’s resolve to keep ultra-loose policy, …

BOJ’s Ueda flags shift in corporate pricing, upward inflation bias Read More »

By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine government on Friday maintained its 2023 gross domestic product growth target at 6.0% to 7.0%, confident the country can withstand external and domestic risks, including the impact of the El Nino weather phenomenon. The GDP growth target for the 2024 to 2028 …

Philippines keeps 2023-2028 growth goal, downplays El Nino and other risks Read More »

BEIJING (Reuters) – China’s new yuan loans are expected to have rebounded in May after a sharp drop in April, a Reuters poll showed, as the central bank keeps policy accommodative to support a fragile economic recovery. Chinese banks are estimated to have issued 1.60 trillion yuan ($225 billion) in net new yuan loans last …

China’s May new yuan loans seen rebounding: Reuters poll Read More »

By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) is expected to maintain ultra-loose monetary policy next week and its forecast for a moderate economic recovery, as robust corporate and household spending cushion the blow from slowing overseas demand, sources said. The central bank also may signal that inflation is overshooting its forecasts, …

BOJ set to keep ultra-low rates, may signal inflation overshoot Read More »

By Neil Jerome Morales MANILA (Reuters) – Philippine President Ferdinand Marcos Jr has just over three weeks to decide on who will be the next Bangko Sentral ng Pilipinas (BSP) governor when incumbent Felipe Medalla’s term ends on July 3. Bankers, fund managers and economists who spoke to Reuters say Marcos should pick an insider …

Factbox-Possible candidates for next Philippines central bank governor Read More »

By Summer Zhen and Samuel Shen HONG KONG (Reuters) – Money managers in China are struggling to lure retail investors, with fundraising by mutual funds in the first five months of the year hitting the lowest in four years and few betting on a near-term rebound, amid diminishing returns and economic challenges. More than 200 …

China mutual fund sales dry up amid market gloom Read More »

By Jason Xue and Joe Cash SHANGHAI/BEIJING (Reuters) – China is open for investment, the country’s top financial regulators told foreign financiers at a high-profile forum in Shanghai on Thursday, as concerns mount among foreign firms that they may no longer be welcome. The world’s second-largest economy, keen for foreign investment to support its reopening …

Chinese regulators try to assure sceptical foreign financiers Read More »

AMSTERDAM (Reuters) -Computer chip maker Nexperia, which is headquartered in the Netherlands and owned by a Chinese company, has been denied a request for a subsidy in Germany. A spokesperson for Nexperia, based in Nijmegen, Netherlands, and owned by China’s Wingtech, said the company had not been given an explanation for the rejection. The European …

Wingtech-owned Nexperia denied German subsidy Read More »