Reuters Asia Business

By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s trade surplus narrowed more than expected in December, official data showed on Monday, as the effect of the global commodity supercycle further waned for the resource-rich country. Indonesia had a $3.89 billion trade surplus in December, data from the statistics bureau showed, smaller than the …

Indonesia’s Dec trade surplus shrinks more than expected Read More »

BEIJING (Reuters) -China’s new home prices fell again in December as COVID-19 outbreaks hurt demand, with Beijing expected to roll out more measures to help sustain the recovery after the dismantling of pandemic curbs last month brightened the outlook. New home prices dropped both in monthly and annual terms, with continued weak demand a constraint …

China’s Dec home prices fall, more supportive policies likely Read More »

By Leika Kihara TOKYO (Reuters) – Markets are testing the Bank of Japan (BOJ), seeking to break its resolve to cap bond yields as soon as its policy decision on Wednesday, as rising inflation challenges the central bank’s ultra-easy monetary policy. Here are options the BOJ could take to change its yield curve control (YCC) …

Factbox: BOJ’s possible next step as market attacks yield policy Read More »

By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) is under pressure to change its interest rate policy as soon as Wednesday, after the central bank’s attempt to buy itself breathing room backfired, emboldening bond investors to test its resolve. Unlike other central banks that have been aggressively raising rates to battle inflation, …

Analysis: BOJ’s yield curve control in danger as policy backfires Read More »

By Leika Kihara TOKYO (Reuters) -Japan’s annual wholesale prices rose at a faster-than-expected pace in December, data showed on Monday, adding to recent growing signs of inflationary pressure that could force the central bank to raise interest rates soon. The 10.2% year-on-year rise in the corporate goods price index (CGPI), which measures the price companies …

Japan’s sharp wholesale price rise heaps pressure on BOJ’s ultra-easy policy Read More »

SEOUL (Reuters) – The United Arab Emirates (UAE) has decided to invest $30 billion in South Korea’s industries, South Korea’s presidential office said on Sunday, as the two countries seek to expand economic cooperation. The investment decision was announced as South Korea’s President Yoon Suk-yeol met his UAE counterpart, Sheikh Mohammed bin Zayed al-Nahyan, in …

UAE pledges to invest $30 billion in South Korea -Yoon’s office Read More »

SHANGHAI (Reuters) – China’s top planning body has asked slaughter firms to increase commercial stocks of pigs to help revive market demand and drive up sluggish hog prices. The National Development and Reform Commission (NDRC) also said it would take timely measures, such as increasing meat reserves, if needed to promote hog market stability. Pigs …

China asks slaughter houses to help stabilise hog prices Read More »

SHANGHAI (Reuters) – Schroders has obtained Chinese regulatory approval to set up a wholly-owned mutual fund unit in China, as Beijing accelerates opening up its giant financial sector to foreigners. China abruptly dismantled its strict, three-year zero-COVID policy in early December, and the government has apparently stepped up efforts to woo foreign companies and investors …

Schroders gets nod to set up China fund unit as Beijing speeds up approvals Read More »