With China facing a deflationary spiral and uncertain economic prospects, lower interest rates alone wouldn’t be enough to kick the economy back into high gear.
Economists predict that Japan's economy will grow more than 1 percent in inflation-adjusted terms in fiscal 2025. They see wage increases giving a boost to consumer spending.
During his first official visit to China on December 25-26, Japanese Foreign Minister Iwaya Takeshi made an unexpected announcement. Japan will relax its entry requirements for Chinese nationals and grant ten-year tourist visas as part of a so-called Creating an Environment Conducive to Promoting People-to-People Exchanges initiative.
Starbucks surpasses 2,000 stores in South Korea, becoming the third-largest market globally, overtaking Japan in store count.
Asia's crude oil imports dropped in 2024, the first annual decline in three years, led by weak demand from heavyweight China and other major buyers, with only India managing sparse growth.
Japanese Prime Minister Kiichi Miyazawa expressed concerns about China’s lack of democratization and its transformation into a military power in a summit with U.S. President Bill Clinton in 1993, according to newly released diplomatic records.
Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible,
In response to a media inquiry about whether a trilateral foreign ministers' meeting among China, Japan, and South Korea is scheduled to be held in Tokyo, Japan in February, Chinese Foreign Ministry spokesperson Mao Ning stated on Friday during a regular press briefing that she does not have any information to share at the current time.
China and Japan have stepped up engagement in recent months, but analysts say the trajectory of relations will largely come down to Tokyo's political situation and its ties with the incoming Donald Trump administration.
Chinese stocks snapped a three-year losing streak in 2024 on hopes of more forceful stimulus from Beijing. The bond market, however, seems to be less sanguine. Yields on Chinese government bonds [plun
The Trilateral Cooperation Secretariat (TCS) recently announced the results of the "CJK Spirit Word of the Year 2025" selection, with the Chinese word for "future" winning the highest number of votes.
Taiwanese officials are concerned holders of this permit will be easier to convince to swap their passports for those issued by Beijing.