Reuters Asia Business

By Kantaro Komiya and Tetsushi Kajimoto TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda said rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida on Friday, joining a chorus of policymakers lobbing verbal warnings over the currency’s recent sharp drop to 24-year lows. “Sharp currency moves are undesirable as they destabilise …

BOJ’s Kuroda weighs in to warn against ‘rapid’ yen moves Read More »

SHANGHAI (Reuters) – China’s auto sales reached 2.38 million units in August, increasing 32.1% from a year ago, as they extended a recovery led by electric vehicles (EV) whose sales have been boosted by government incentives. Sales for the first eight months were 1.7% higher than the same period in 2021, data from the China …

China’s Aug auto sales jump 32% with strong EV demand Read More »

By Daniel Leussink and Kentaro Sugiyama TOKYO (Reuters) – Japan’s government on Friday unveiled near-term stimulus steps to soften the economic blow of high food and energy prices on low-income households, businesses and farmers. The move by the government to roll out new and extend existing policies highlights Fumio Kishida’s resolve to tackle the impact …

Japan unveils near-term steps to offset hit from rising prices Read More »

By Naveen Thukral SINGAPORE (Reuters) -India’s decision to curb rice exports is expected to lift world prices of the staple and trigger a rally in rival wheat and corn markets, deepening concerns over food inflation. Rice prices in key exporters India, Thailand, Vietnam and Myanmar are set to rise, traders and analysts said, hitting food …

India’s rice curbs to lift prices, stoke food inflation worries Read More »

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – As many Japanese firms bow to pressure from shareholders and regulators to end the practice of listing subsidiaries – which critics say compromises corporate governance – one of the country’s biggest retailers isn’t buying it. Aeon Co Ltd, whose 15 listed subsidiaries include supermarkets and drugstores, …

Analysis-Retail giant Aeon holding out as Japan dismantles controversial listings Read More »

By David Lawder (Reuters) -Economic ministers from the United States and 13 Indo-Pacific countries launched negotiations on Thursday on Washington’s first major pan-Asian trade engagement effort in nearly a decade, but this time any deal will not cut tariffs. U.S. Trade Representative Katherine Tai said the Indo-Pacific Economic Framework talks in Los Angeles were aimed …

U.S., Indo-Pacific countries launch trade talks shunning tariff cuts Read More »