TOKYO -- The Bank of Japan is widely expected to hold its policy rate at 0.75% during next week's monetary policy meeting, but rising energy prices and market volatility stemming from the Iran war have the central bank on guard.
US steel prices, production soar 1 year after Trump tariffs
NEW YORK -- One year since President Donald Trump slapped new tariffs on steel and aluminum, U.S. imports have plunged while domestic crude steel production and prices have soared, drawing investment from Japanese companies struggling in other markets.
Japan cable maker Fujikura to invest in US for AI data center push
TOKYO -- Japanese optical fiber maker Fujikura will invest up to 300 billion yen ($1.88 billion) in Japan and the U.S., tripling production capacity of optical fiber cables in response to rising demand for artificial intelligence data centers, the company announced Friday.
Toyota set to sell US-made Tundra pickup, Highlander SUV in Japan
NAGOYA, Japan -- Toyota Motor next month will begin Japanese sales of vehicles imported from the U.S., starting with the Tundra pickup truck and the Highlander sport utility vehicle.
Indonesia prepares COVID-era rule with deficit likely to breach 3% ceiling
JAKARTA -- Indonesia is preparing a COVID-19-era regulation likely to relax the country's fiscal deficit ceiling amid concerns of potentially rising government spending due to soaring oil prices, the country's chief economic minister said on Friday.
ASEAN calls for energy and food security as Iran tensions mount
MANILA -- ASEAN economic ministers on Friday said the region needs to strengthen its energy security and safeguard food security to mitigate the impact of the widening conflict in the Middle East .
Malaysia's IJM urges shareholders to reject Sunway takeover bid
BANGKOK -- One Malaysia's biggest corporate takeover attempt in years appeared to be on the brink of failure on Friday after an independent adviser hired to assess the offer declared it was "not fair and not reasonable."
China says US has no right to define overcapacity
SHANGHAI -- Beijing on Friday rejected a U.S. investigation targeting China and 15 other trading partners on structural excess capacity and manufacturing output, calling it a "unilateral restrictive measure" that undermines international economic and trade order.
Malaysia to raise fuel subsidies more than fourfold to stabilize prices
KUALA LUMPUR -- Malaysia will significantly increase fuel subsidies to mitigate the impact of global energy price hikes, the government said on Friday as tensions in the Middle East drive inflation worldwide .
Surveys show there is little evidence that AI steals jobs
Kelvin Law is an associate professor of accounting at Nanyang Technological University, Singapore, specializing in forensic ESG research. His study on AI adoption by audit firms was published in Management Science.