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Japan's central bank is expected to exit its negative interest rate regime this spring, though sluggish growth will limit its ability to alleviate depreciation pressure on the yen, according to a former Bank of Japan board member.
Japan's economy dipped into a technical recession, after unexpectedly contracting again in the October-December period, provisional government data showed Thursday. High inflation crimped domestic demand and private consumption in what's now the world's fourth-largest economy.
Indonesia's Defense Minister Prabowo Subianto, a former army general, appears to have an early unofficial lead in the race to become country's next president, "quick counts" show after voting in the world's third-largest democracy closed on Wednesday.
More than 200 million voters in Indonesia are heading to more than 800,000 polling stations in the world's third-largest democracy on Wednesday to elect President Joko Widodo's successor, a new national House of Representatives and various local legislators.
China's financial institutions should provide strong support to the country's beleaguered real estate sector and not "blindly withdraw" financing for projects facing difficulties, according to a senior Chinese financial regulatory official.
TAIPEI — "One day, we'll get our victory," Ko Wen-je, the vanquished presidential candidate for the Taiwan People's Party, said at his concession speech two weeks ago.
China's youth unemployment will likely stay elevated this year due to a lingering mismatch, according to the Economist Intelligence Unit. It explained the sheer number of new graduates, who often target hot manufacturing sectors, far outstrips jobs — the majority of which are still focused in the lower-skilled sectors.
The Bank of Japan expectedly retained its ultra-loose monetary policy at its first meeting this year, while cutting its core inflation forecast for the next fiscal year.