As yen nears 160, forex intervention alarm bells stay silent

TOKYO -- The yen is approaching the key psychological threshold of 160 per dollar, but market participants are largely unconcerned about a currency intervention by the Japanese government.


Japan startup eyes clinical trials for stem cell-based diabetes treatment

TOKYO -- Japanese biotech startup Orizuru Therapeutics will start clinical trials as soon as fiscal 2027 for a diabetes treatment using induced pluripotent (iPS) stem cells that could reduce insulin doses needed to lower blood sugar levels, potentially transforming the way the disease is treated.


Japan to speed oil reserve release by skipping bidding for distributors

TOKYO -- Japan is set to start distributing oil reserves from the private sector as early as Monday, with national stocks expected to follow between late March and early April, using negotiated contracts rather than bidding to streamline the process.


Taiwan to expand US LNG imports in response to Hormuz closure

TAIPEI -- Taiwan will import more U.S. liquefied natural gas starting in June, looking to diversify its sources following Iran's de facto closure of the Strait of Hormuz.


Eli Lilly to invest $125m in Japan plant to boost supply of new drugs

TOKYO -- The Japanese subsidiary of American drugmaker Eli Lilly will invest 20 billion yen ($126 million) in its factory in the city of Kobe, the company said on Thursday.


South Korea approves $350bn investment into US strategic industries

SEOUL -- South Korea has passed a bill to invest $350 billion in strategic industries in the U.S. including shipbuilding, semiconductors and energy, as war in the Middle East raises concerns for global energy security.


Swire faces costlier Coke cans as Iran crisis drives up aluminum prices

TOKYO -- Hong Kong conglomerate Swire Pacific said on Thursday that its Coca-Cola business is facing higher costs for cans as the war in Iran has further driven up prices of aluminum.


Xi Jinping's 'ethnic unity' policies enshrined in law at China's NPC

TOKYO -- China's National People's Congress, the country's rubber-stamp legislature, on Thursday passed a law reflecting President Xi Jinping's initiatives aimed at ensuring "ethnic unity," which critics see as an instrument to further repress minorities.


Indian startup Emergent bets on vibe coding but competition is heating up

BENGALURU -- There will come a day when companies are run entirely by AI agents, predicts Mukund Jha, and he wants to engineer that transformation with his startup Emergent from the southern Indian city of Bengaluru.


South Korea approves $350bn investment into U.S. strategic industries

SEOUL -- South Korea has passed a bill to invest $350 billion in strategic industries in the U.S. including shipbuilding, semiconductors and energy, as war in the Middle East raises concerns for global energy security.