Indonesia hikes key interest rate to 6.25% as rupiah slumps
JAKARTA -- Indonesia's central bank raised its benchmark interest rate by 25 basis points to 6.25% on Wednesday as it tries to shore up the weak rupiah.
Nikkei staff writers in asian news
Asahi Kasei to build $1.3bn EV battery components plant in Canada
TOKYO -- Japan's Asahi Kasei will build a plant in Canada to make components used in electric vehicle batteries, Nikkei has learned, planning to supply key materials, mainly to Honda Motor's EV factory to be built in the country.
Solomon Islands election yields no majority for pro-China party
SYDNEY -- Neither advocates nor opponents of a security pact with Beijing won a majority in the Solomon Islands' parliamentary elections, results announced Wednesday for the last of the legislature's 50 seats show.
Asian chip shares open lower on Nvidia drop and AI concerns
SEOUL/TAIPEI/TOKYO -- Chip shares across Asia opened sharply lower Monday morning, following a steep fall in Nvidia's share price in the U.S. market over the weekend, reflecting concerns over the durability of the artificial intelligence boom.
Indonesian court rejects challenge against Prabowo's election win
JAKARTA -- Indonesia's Constitutional Court on Monday rejected claims disputing Prabowo Subianto's victory in February's presidential election, saying it had not identified any problems in the voting.
Squeezed by strong dollar, BOJ watches yen ahead of policy meeting
WASHINGTON/TOKYO -- A yen sell-off and its effect on inflation loom large over the Bank of Japan less than a week before its first policy board meeting since ending its negative interest rates in March.
Trump's next big international visitor may be former Japan PM Aso
TOKYO -- Former Japanese Prime Minister Taro Aso begins a visit to New York on Monday during which he will try to meet with former President Donald Trump.
East Asia military spending up 6.2% as China tensions mount, report shows
TOKYO -- Military spending in East Asia expanded 6.2% on the year to $411 billion in 2023, a new report shows, as China's growing power and geopolitical tensions fuel an arms buildup in the region.