Asia-Pacific News


  • China December Inflation Quickens to 2.5% on Year Thursday, 10 Jan 2013 | 9:12 PM ET

    China's annual consumer inflation rate accelerated to a seven-month high of 2.5 percent in December on rising food prices, ahead of expectations and narrowing the scope for the central bank to boost the economy by easing monetary policy.

  • Kim Choong-soo, Governor of the Bank of Korea.

    South Korea's central bank held interest rates steady for a third consecutive month on Friday, as expected, and lowered growth and inflation expectations as well as indicating that a rate cut could come in the first half of this year.

  • Japan Approves $117 Billion Economic Stimulus Package Thursday, 10 Jan 2013 | 7:56 PM ET
    Japan's Prime Minister Shinzo Abe

    Japan's cabinet approved on Friday an economic stimulus package in the biggest spending boost since the financial crisis as Prime Minister Shinzo Abe pursues an ambitious agenda to spur growth and end nagging deflation.

  • Japan Logs Larger Than Expected Account Deficit Thursday, 10 Jan 2013 | 6:57 PM ET

    Japan's current account swung to a much bigger than expected deficit in November after the nation's trade gap hit a 10-month high, adding to a string of poor data and firming up the case for more stimulus to help the stuttering economy.

  • India's Finance Minister P. Chidambaram plans to meet investors in Asia and Europe this month in a drive to try and boost capital flows into Asia's third-largest economy, four sources with direct knowledge of the plan said.

  • China's New Leader — Reformer or Conservative? Thursday, 10 Jan 2013 | 6:12 PM ET

    When Xi Jinping became the new leader of China's Communist Party two months ago, hopes were high for reform in the giant nation. But despite what appears to be sensitive handling of a strike by journalists and a challenge to Beijing's tight control of the press, signs of change seem tentative.

  • Glimmer of Japan Reform Hope Among Clouds of Skepticism Thursday, 10 Jan 2013 | 6:12 PM ET
    Japan's main opposition Liberal Democratic Party (LDP) President Shinzo Abe holds a TV interview after the party won parliamentary elections on December 16, 2012.

    Doubting politicians' commitment to economic reform is a tough habit for Japan experts to kick, so the air of cautious optimism around the appointments of dynamic CEOs to advise on boosting industrial competitiveness comes as a bit of a surprise.

  • China's harshest winter in nearly three decades has hit iron ore output and driven up prices just as demand from steel mills revives in a resurgent economy. Imports are at record levels.

  • Private Equity in China: Which Way Out? Thursday, 10 Jan 2013 | 10:50 AM ET

    Welcome to the private equity game in China: you can buy in anytime you like, but you can never leave. The NYT reports.

  • How Samsung Is Dealing With Apple Dropping Chips Thursday, 10 Jan 2013 | 10:49 AM ET

    Samsung Electronics is looking to supply chips to more Chinese and other emerging smartphone makers to counter any fall-off in demand from Apple.

  • Apple's Chief Executive Tim Cook met with China Mobile's Chairman Xi Guohua to discuss "matters of cooperation," a China Mobile spokesman said.

  • Thai Tycoon Extends F&N Offer Again, but End Game Near Thursday, 10 Jan 2013 | 4:39 AM ET
    Range of Fraser & Neave Ltd. (F&N) products

    Thai billionaire Charoen Sirivadhanabhakdi extended his $7.2 billion offer to take over Singapore property and drinks conglomerate Fraser and Neave (F&N) for the sixth time, until Jan. 15.

  • Which Country Offers the Most Economic Freedom? Thursday, 10 Jan 2013 | 4:37 AM ET

    The Asia-Pacific region is home to the world's freest economies, according to an index published on Thursday as Western economies grapple with too much government involvement.

  • Peter Ma

    China's insurance regulator said it is seeking more information from Ping An Insurance after conducting a preliminary review of HSBC's planned sale of its $9.4 billion stake in the insurer to Thailand's CP Group.

  • As Singapore's Casinos Slow, Will the Economy Suffer? Thursday, 10 Jan 2013 | 2:09 AM ET

    As gaming revenue in Singapore's once super-hot casino industry, which is the second biggest in Asia, slows, what does this mean for island-nation's slowing economy?

  • The Dragon Extends Its Influence on Global Economy Thursday, 10 Jan 2013 | 1:30 AM ET

    China's growing influence means it is useful to think about the world economy in terms of two separate narratives, one expert explains.

  • What's Behind China's Blowout Trade Figures? Thursday, 10 Jan 2013 | 12:49 AM ET

    China's exports in December blew past expectations, rising over 14 percent year on year, compared with forecasts for an increase of just 4 percent. What was behind these blowout trade numbers?

  • World's Oldest Person: China Versus Japan Thursday, 10 Jan 2013 | 12:43 AM ET

    As if China and Japan didn't have enough to fight about, the two nations are now squabbling about which nation holds the record for the world's oldest person. The Global Post reports.

  • Nikkei's Stunning Rally—Why It’s Time to Be Cautious Thursday, 10 Jan 2013 | 12:35 AM ET

    Japan's stock market has had a blistering run,climbing 20 percent in less than two months on a weakening yen and expectations of aggressive monetary easing. Further gains now come down to the new government and whether it can come true on its pledge to revive an economy in recession, analysts said.

  • Sony

    Sony has put a one of its main buildings in central Tokyo up for sale in a deal that could raise as much as 100 billion yen ($1.14 billion) as the company seeks to sell non-core assets to generate cash to improve its balance sheet, people with direct knowledge of the deal said.

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