In pictures: Biden hosts Japan's Kishida at glitzy state dinner
U.S. President Joe Biden hosted Japanese Prime Minister Fumio Kishida at a plush state dinner at the White House after their Washington summit on Wednesday.
Nikkei staff writers in asian news
Myanmar anti-regime drones chase and attack military generals
BANGKOK/YANGON -- Senior generals of the Myanmar military have become the targets of drone attacks in recent days, reinforcing the impression that, together with the frontline retreat in a Thai border region, the military regime is on the defensive in clashes with anti-regime forces.
Yen tumbles to 153 against dollar on U.S. inflation, raising intervention risk
TOKYO/NEW YORK -- The yen sold off against the dollar in New York trading Wednesday after the latest U.S. inflation data, creating the potential for the government to intervene as it did in 2022 to halt the decline.
China insurer Ping An's trust arm misses payment over property downturn
HONG KONG -- A trust arm under Ping An Insurance has acknowledged its failure to make an overdue payment on a product invested in a project by a Hong Kong-listed Chinese property developer, signaling that the country's real estate downturn is taking a toll on the broader financial sector.
Bank of Thailand keeps interest rate at 2.5%, defying PM Srettha
BANGKOK -- The Bank of Thailand held its benchmark rate steady at 2.5% on Wednesday for the third straight meeting, seeing sufficient signs of future inflation and high consumer debt to defy Prime Minister Srettha Thavisin's monthslong calls for monetary easing.
Japan, U.S. team up on generative AI to modernize research
TOKYO -- The Japanese and U.S. governments will form a cooperative framework that will make use of generative artificial intelligence to take scientific research to the next level.
Shin-Etsu to bolster chip supply chain with first Japan plant in 56 years
TOKYO -- Shin-Etsu Chemical will build its first new plant in Japan in 56 years, Nikkei learned Monday, amid a growing push by Japan to beef up its semiconductor supply chains.
TSMC expands U.S. investment to $65bn after securing $6.6bn grant
WASHINGTON/TAIPEI -- Buttressed by a U.S. federal grant of $6.6 billion, Taiwan Semiconductor Manufacturing Co. has agreed to increase its U.S. investment by more than 60% to over $65 billion and produce the world's most advanced 2-nanometer chips on American soil.