TOKYO— Japanese Prime Minister Shinzo Abe is planning about 3.5 trillion yen in fresh stimulus, including subsidies and job-creating programs, to help pull the world's third-largest economy out of recession. Abe took office for a third term on Wednesday and faces strong pressure to do something to restore growth after a sales tax hike in April put Japan back in...» Read More
South Korean inflation eased in December further below the central bank's target, data showed on Monday, reflecting weak demand and giving the Bank of Korea room for more interest rate cuts to spur growth.
The Warren Buffetts of the East failed to live up their reputations in 2012, when big-name investment gurus made the wrong calls on China while markets in India and Southeast Asia raced ahead to rank among the top performers globally.
Singapore likely joined Japan in recession in the fourth quarter of 2012, dragged down by weakness in its top exports of electronics, according to a Reuters poll of economists.
Americans think of Bangkok as embodying the rich-poor divide of the developing world, but some US areas are beginning to rival it. The GlobalPost reports.
The Philippines is finally picking up economic momentum, but this rapid growth has passed over the vast majority of the poor.
The Year of the Dragon was supposed to be particularly lucky and momentous, charged with auspicious signs of change. While the Chinese government may dispute that this year has been full of good luck, for China watchers, 2012 has certainly delivered. The GlobalPost reports.
South Korean industrial output grew for a third consecutive month in November from October and at a much faster pace than expected, data showed on Friday, offering fresh evidence that Asia's fourth-largest economy is starting to pick up.
Want to travel across Myanmar, the poor, isolated nation that's becoming a tourism hot spot practically overnight? You're probably going to end up boarding an aging airplane regulated by a government with dubious credibility.
Annual growth of China's industrial profits quickened to 22.8 percent in November from October's 20.5 percent, official data showed on Thursday, reinforcing signs of a steady economic recovery thanks to pro-growth policies.
The yen fell to a two-year low on Thursday, continuing its rapid downtrend that started in the middle of last month. But analysts warn that the yen could end up firmer by the end of 2013 as the Federal Reserve will stay ahead of the Bank of Japan (BOJ) in monetary easing, which means the dollar will fall at a more rapid pace.
China faces rising risks in its banking sector and pressure on government revenue in 2013 while economic recovery could be hampered by weak external demand and domestic constraints, says Vice Finance Minister Li Yong.
As television shows evolve in India, soap operas dominate prime time with marriage as a key theme as family structures and tensions on soap operas mirror those of the audience. The New York Times reports.
South Korea's key consumer sentiment index held steady in December from November and stood below the neutral point for a fifth consecutive month, the central bank said on Wednesday, dashing hopes of a quick economic rebound.
Incoming Japanese Prime Minister Shinzo Abe reiterated calls for the Bank of Japan to conduct bold monetary easing to beat deflation by setting an inflation target of 2 percent.
South Korean officials say they have evidence that North Korea is working on an intercontinental ballistic missile that could reach as far as the United States. The Christian Science Monitor reports.
The Philippine stock market, Asia's most expensive, should be out of gas but there are signs it could have more room to run as brokers eye the 6,500 mark in the benchmark index ahead of the country's first investment grade credit rating, possibly in the next six months.
Where does a major bond investor take their cash if they want to steer clear of the euro zone's troubles but don't have the stomach for emerging markets? The answer, for a growing number of Japanese funds, is Poland.
China has lowered the bar for companies to list overseas to ease pressure on domestic stock markets where more than 800 companies are waiting for approval of their initial public offerings.
Although many investors and government officials in Asia have one eye on the ongoing negotiations between the US President and Congress to avert the fiscal cliff, Asian stock and bond markets have shown few signs of nerves.
Japan's December rally has handed Asia's struggling stock traders an early Christmas present as the rare flurry of activity in Tokyo helps make an otherwise bleak year end on a brighter note.
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