News
Philippines approves Metro Manila's biggest minimum wage hike in decades
1+ hour, 42+ min ago (144+ words) Nikkei Asia Philippines approves Metro Manila's biggest minimum wage hike in decades 12% rise comes as inflation erodes purchasing power but critics say it's not enough MANILA -- The Philippine government announced on Tuesday that the daily minimum wage in Metro Manila…...
Yen hits 39-year low of 162 per dollar: 5 things to know
5+ hour, 39+ min ago (155+ words) Nikkei Asia Yen hits 39-year low of 162 per dollar: 5 things to know Markets weigh Takaichi's stance against pressure from weakening currency TOKYO -- The Japanese yen slipped into the 162-per-dollar range in Tokyo trading on Tuesday for the first time in…...
Franck Muller, Fendi, Ferragamo join Japan's summer of big luxury price hikes
18+ hour, 9+ min ago (148+ words) Nikkei Asia Franck Muller, Fendi, Ferragamo join Japan's summer of big luxury price hikes Designer brands unafraid to charge more as stock rally lifts spending TOKYO -- Luxury brands are lifting their prices in Japan, with some Seiko watches rising 3. 85 million…...
Japan's 'frozen money' pool shifts to investments as rates, inflation bite
2+ week, 1+ day ago (77+ words) Nikkei Asia Japan's shift into an inflationary era and expectations of further rate increases are prompting households to invest their money. " (Nikkei montage) Country's exit from deflation nudges households out of savings mode TOKYO -- Japanese households are starting to break…...
Japan central bank deputy Uchida in spotlight while chief hospitalized
2+ week, 4+ day ago (25+ words) TOKYO -- Bank of Japan Deputy Gov. Shinichi Uchida will handle a highly anticipated news conference next week, as Gov. Kazuo Ueda will miss the upcomi...
Asia faces stagflation spiral risk, ADB president
2+ week, 5+ day ago (132+ words) Nikkei Asia Asia faces stagflation spiral risk, ADB president Development bank to strengthen energy diversification for regional security TOKYO -- Asian economies face the risk of stagflation as the Middle East conflict pushes up inflation, Asian Development Bank President Masato Kanda…...
ADB and peers need to 'anchor' international order: President Kanda says
2+ week, 5+ day ago (126+ words) Nikkei Asia ADB and peers need to 'anchor' international order: President Kanda says Multilateral institutions face tough times amid global uncertainty and AI disruption TOKYO -- International organizations face a "hard time" amid geopolitical uncertainties and unprecedented technological innovation, including artificial…...
Why Japan's Takaichi has stepped back from BOJ rate hike debate
2+ week, 6+ day ago (150+ words) Nikkei Asia Why Japan's Takaichi has stepped back from BOJ rate hike debate Prime minister faces pressure from markets, US on inflation and yen Comments from BOJ Gov. Kazuo Ueda and Prime Minister Sanae Takaichi suggest the central bank is…...
Bank of Japan set to hike key interest rate to 1%
2+ week, 6+ day ago (167+ words) Nikkei Asia Bank of Japan set to hike key interest rate to 1% Move to highest rate since 1995 expected as economy faces upside inflation risks TOKYO -- The Bank of Japan is set to raise its key interest rate to 1% from the…...
Bank Indonesia raises rates 0. 25% at emergency meeting to defend rupiah
2+ week, 6+ day ago (139+ words) Nikkei Asia Bank Indonesia raises rates 0. 25% at emergency meeting to defend rupiah Forex reserves hit lowest level in two years as currency selling persists Bank Indonesia held an emergency meeting on June 9, after which it moved to help stabilize the…...