Holiday spending trends diverge in Asia

In the latest episode of Nikkei Asia News Roundup, hosts Jada Nagumo and Brian Chapman discuss recent consumer spending trends across Asia .

The episode consists of:

  • A selection of news headlines
  • A glimpse into a notable story for deeper understanding
  • A highlight of our best stories

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Australia's Lynas closes in on rare earth supply deal with Pentagon

CANBERRA -- Australian rare earther miner and refiner Lynas has inked a binding letter of intent as it works to finalize a supply deal with the U.S. government.


Trump says he 'may delay' Xi summit, urges China to help police Hormuz

TOKYO -- U.S. President Donald Trump has suggested he may delay his upcoming summit with Chinese counterpart Xi Jinping, if Beijing does not help to secure the safe passage of ships through the Strait of Hormuz.


SoftBank Group shares lose steam as investors have qualms on big OpenAI bet

TOKYO -- As a major investor in ChatGPT developer OpenAI, SoftBank Group was thought to be at the forefront of the artificial intelligence boom. But in recent months, that relationship has become its Achilles' heel, leaving Masayoshi Son's conglomerate struggling to keep up with both the global tech sector and Japanese equities lifted by the "Takaichi trade."


Myanmar parliament convenes for first time in 5 years

BANGKOK/NAYPYIDAW -- Myanmar's parliament convenes Monday in the first legislative session since the military-led government took control in 2021.


Iran war reveals the Indo-Pacific's mosaic of interests

Derek Grossman is a professor of political science and international relations at the University of Southern California. He formerly served as a senior defense analyst at RAND and as the daily intelligence briefer to the assistant secretary of defense for Asian and Pacific security affairs at the U.S. Department of Defense.


Japan, US to cooperate on handling supply disruptions of critical minerals

TOKYO -- Japan and the U.S. have agreed to establish a framework for cooperating to address supply disruptions of critical minerals, aiming to ensure the ability to secure such key resources as rare earths.


Takaichi in US, BTS comeback, Japan monetary policy

Welcome to Your Week in Asia.


Taiwan's red-hot tech economy leaves young workers, old industries cold

KAOHSIUNG, Taiwan -- When Wang Ting-yu browses job search websites in Taiwan, she does not like what she sees. "The salaries listed are all around 30,000 New Taiwan dollars," or about $950 a month, she said. "That's actually quite low."


Thailand pushes wellness travel to lure wealthy foreigners

BANGKOK -- Thailand's private and public sectors are teaming up to promote wellness tourism, offering services that combine medical care, beauty and travel to affluent foreigners as the country seeks to boost the economy.