Reuters Asia Business

By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan (BOJ) has modified its stimulus measures to ease the transition away from an unconventional monetary policy when Governor Haruhiko Kuroda retires in April, former top currency diplomat Takehiko Nakao told Reuters in an interview. Prolonged monetary easing has amplified side effects such …

Japan ex-top finance official Nakao says BOJ adjustments will smooth change of governor Read More »

BEIJING (Reuters) -China will step up financial support to small and private businesses in the catering and tourism sectors that were hit hard by the COVID-19 epidemic, the country’s banking and insurance regulator said in a statement on Tuesday. Contact-intensive services sector suffered the most amid China’s anti-virus curbs which shut many restaurants down and …

China to step up financial support to COVID-hit catering, tourism sectors Read More »

By Yoshifumi Takemoto and Kentaro Sugiyama TOKYO (Reuters) – Japanese retail sales rose for a ninth straight month in November, data showed on Tuesday, as the lifting of COVID-19 border controls and the government’s domestic travel subsidy helped consumer demand. But from the previous month, sales fell from October, with price increases in daily necessities …

Japan retail sales up for 9th month led by tourism help Read More »

BANGKOK (Reuters) – Thailand’s exports dropped for a second straight month in November and by more than expected, due to a global slowdown and China’s lockdown measures, the commerce ministry said on Tuesday. Exports, a key driver of Thai growth, declined 6.0% in November from a year earlier, compared with a forecast fall of 5.2% …

Thai Nov exports drop 6.0% y/y, slightly worse than forecast Read More »

By Khanh Vu HANOI (Reuters) – Vietnam’s central bank said on Tuesday it was making efforts to shore up foreign exchange reserves by buying up more U.S. dollars, after it was forced to sell a large amount of greenback earlier in the year to support its dong currency. “There have been positive signals on the …

Vietnam central bank buys dollars to shore up reserves after selloff Read More »

SEOUL (Reuters) – A major measure of the inflation expectations of South Korean consumers hit a seven-month low in December, underscoring the market’s view that the Bank of Korea’s policy tightening cycle is nearing an end. Consumers expected inflation for the next 12 months to be a median 3.8%, the Bank of Korea’s monthly survey …

South Korean inflation expectations hit 7-month low Read More »

(Reuters) – Apple Inc’s Japan unit is being charged 13 billion yen ($97.82 million) in additional taxes by Tokyo for bulk sales of iPhoneS and other Apple devices to foreign tourists that were incorrectly exempted from the consumption tax, Nikkei reported on Monday citing sources. According to the newspaper, bulk purchases of iPhones by foreign …

Apple Japan hit with $98 million in back taxes- Nikkei Read More »

TOKYO (Reuters) – Japanese shares ended higher on Monday, underpinned by Wall Street’s strength in the previous session, with heavyweight technology and energy stocks leading the gains, while a drop in banks and insurers weighed on the market. The Nikkei share average rose 0.65% to close at 26,405.87, while the broader Topix edged up 0.24% …

Japanese shares end higher on Wall Street gains, financials weigh Read More »