Japanese Yen falls to 24-year record low
Behind the yen’s dive to a level not seen since 1998 has been Japan’s ultralow interest rates, which have remained low while US interest rates are rising.
ECONOMIC AFFAIRS
Japan edges closer to intervention in yen after rare govt, central bank joint statement
Many market players doubt that G7 member Japan will step in soon to directly prop up the yen, a diplomatically fraught and potentially costly course of action that last occurred…
Drones easing shopping-woes in rural parts of Japan
In May, five municipalities in four prefectures, including Yamanashi Prefecture and Hokkaido, established a special council to promote such services.
PML-N, PTI continue to blame each other for sky-high external debt
The economic survey of Pakistan revealed that total external debt had touched $88.8 billion (Rs16.29 trillion) by the end of March 2022.
Indonesia woos Tesla with green energy
Indonesia has been increasingly protective of its new and renewable energy sources as it is making a commitment to decarbonizing its economy.
Malaysia’s tourists are back, but not workers
Tourism is a major revenue earner for Malaysia, contributing RM86.14 billion to the country’s economy with 26.1 million tourists in 2019.
Fitch revises India’s rating outlook to stable from negative
The rating agency also expects inflation to remain elevated in the following fiscal year at 6.9 percent due to a sharp rise in global commodity prices and underlying demand…
High-end used goods woo China’s younger generation
According to a report last year by the Institute of Energy, Environment and Economy at Tsinghua University and consulting company Frost & Sullivan, the scale of China's secondhand…
Filipinos to feel brunt of food crisis toward end-2022
According to a live tracker developed by international agricultural research center International Food Policy Research Institute, some 20 countries have imposed export…
We still suffer despite end of export ban: Palm oil farmers
Indonesian Palm Oil Association secretary-general Eddy Martono said producers were struggling to revive exports even though the government had approved permits for the shipment of…