Japan has no specific "defensive line" at which it will intervene in the market to stem the yen's slide, the finance minister said Friday, amid speculation the government will act if the currency falls below 152 to the U.S. dollar. Shunichi Suzuki's remarks came after the yen briefly sank to… Read
Tokyo stocks advanced on the final day of Japan's 2023 fiscal year on Friday, with the Nikkei marking a 44 percent increase, a record largest point gain from the previous year boosted by a weaker yen that raised prospects of favorable performances by exporters. The 225-issue Nikkei Stock Average ended… Read
Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country's booming but crowded market for electric cars. The tech company will start taking orders for the SU7, a sporty four-door sedan, following a launch event with founder Lei Jun in Beijing on Thursday evening. Analysts think… Read
When an overtime cap hits Japan's logistics industry next month, exacerbating an existing shortage of drivers, producers of the premium Amao strawberry will be among those counting the potential cost. Grown in the southwestern prefecture of Fukuoka, the large, rounded strawberry is known for its bright red color and sweet… Read
Japan's plummeting birth rate has led a diaper manufacturer to stop making them for babies at home and instead ramp up production for adults, the company said. Oji Holdings will wrap up domestic output of infant diapers in September, after production dropped from a 2001 peak of around 700 million… Read
Japan announced plans on Wednesday to develop a next-generation passenger jet over the next decade after the last struggling attempt, led by a private company, was scrapped a year ago. The new public-private project aims to use "new environmental technologies" such as hydrogen or hybrid electrics, a statement from the… Read
Swiss chocolatiers have a battle on their hands as Easter rolls around, with surging cocoa prices sending their costs soaring and consumers cutting back as inflation hits their pockets. Cocoa briefly topped $10,000 per ton in New York on Tuesday -- a record high which is more than triple the… Read
China has won a nearly three-year-long dispute with Australia at the World Trade Organization over tariffs on steel products that began during a low point of bilateral relations between the countries, and Australia's trade minister said Wednesday his government accepted the ruling. Beijing took its complaint to the WTO in… Read
The yen hit a 34-year low against the dollar on Wednesday, just over a week after the Bank of Japan announced a much-anticipated interest rate hike in a shift away from years of ultra-loose monetary policy. The unit weakened to 151.97 per dollar, its softest since 1990, before recovering to… Read
Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show. Companies like BYD, XPeng and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market leaders like Toyota, Isuzu and Ford, as… Read