Reuters Asia Business

By Leika Kihara TOKYO (Reuters) – Hawkish comments from the Bank of Japan and sticky inflation are lifting bond yields to multi-year highs and pushing forward rate hike expectations, shaking long-held views that rates would not rise much in the historically deflation-prone economy. Mitsubishi UFJ Morgan Stanley Securities said on Monday it now expects the …

Japan braces for BOJ to lift rates sooner and higher Read More »

By Heekyong Yang SEOUL (Reuters) – South Korea on Monday announced plans to secure 10,000 high-performance graphics processing units (GPUs) within this year in a bid to keep pace as the global AI race escalates. “As competition for dominance in the AI industry intensifies, the competitive landscape is shifting from battles between companies to a …

South Korea aims to secure 10,000 GPUs for national AI computing centre Read More »

TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba said on Monday the decision by a United States government review board and then-President Joe Biden to block Nippon Steel’s acquisition of U.S. Steel was “unjust political interference.” (Reporting by Satoshi Sugiyama and Kantaro Komiya; Editing by Kim Coghill)

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy grew less than expected into the end of 2024, data showed on Monday, and analysts said hopes of an improving outlook for this year are clouded by concerns that the country’s export engine could be hit with U.S. tariffs. Southeast Asia’s second-largest economy grew …

Thai Q4 GDP growth misses forecast, U.S. trade policy poses risks for 2025  Read More »

JAKARTA (Reuters) – Indonesia booked a $3.45 billion merchandise trade surplus in January, bigger than expected, amid surprisingly weak imports, official data showed on Monday. A Reuters poll of analysts had expected a surplus of $1.91 billion for January. Imports last month were worth $18 billion, down 2.67% from the same month a year earlier, …

Indonesia books $3.45 billion trade surplus in January after weak imports Read More »

JAKARTA (Reuters) – Some members of Indonesia’s parliament plan to propose the president remove the central bank governor because they think he was not properly backing the government’s policy, investigative magazine Tempo reported on Monday, citing unnamed sources. Earlier this month, parliament passed new rules for the evaluation and dismissal of public officials who are …

Some Indonesia lawmakers eye removing central bank governor, Tempo magazine reports Read More »

SINGAPORE (Reuters) – Goldman Sachs raised its target price for Chinese stocks on Monday, estimating that AI adoption could boost earnings growth and potentially bring in $200 billion of inflows. Chinese tech stocks have been on a strong rally, clocking their best winning streak in over two years last week, boosted by DeepSeek’s AI breakthrough, …

Goldman Sachs raises China stock market target on AI boost Read More »

By Bing Hong Lok SINGAPORE (Reuters) – Singapore’s non-oil domestic exports fell 2.1% in January from the same month a year earlier, data on Monday showed, led by a drop in non-electronic exports.  The increase compared with a Reuters poll forecast of a drop of 1.1% and followed a 9.0% rise in December 2024. Enterprise …

Singapore’s January exports fall 2.1% y/y, weaker than forecast Read More »