Bank of Japan money market data indicates that the central bank likely intervened in the foreign exchange market on Thursday.
Asia-Pacific
Developments across China, Japan, Korea, India, and the Pacific
Japanese Prime Minister pledges to utilize all available diplomatic channels to guarantee the continued passage of vessels through the Strait of Hormuz.
Japan announces the first loans as part of the nation’s $550 billion commitment to US projects.
Indonesia plans to reduce the maximum commission that ride-hailing companies can take from their drivers to 8%.
Chinese technology companies have placed orders for Huawei's Ascend AI processors, the Financial Times reports.
Protesters clashed with police in Alice Springs outside a hospital where the suspect in the death of a five-year-old girl is being treated.
China's electric vehicle price competition is reportedly evolving into an artificial intelligence arms race, extending beyond just offering cheaper cars, according to CNBC.
Sanae Takaichi stated that Japan maintains sufficient naphtha supplies to meet domestic demand through next year, despite industry concerns regarding supply chain instability following the closure of the Strait of Hormuz.
The yen’s intervention-fueled rally is at risk of evaporating quickly, increasing the likelihood that Japan will have to wade back into the market to shore up the exchange rate.
Toto shares surged as much as 18% in Tokyo after the company announced plans to increase investment in its chip components business, citing strong AI demand.
Indonesia plans to reduce the maximum commission ride-hailing platforms can charge to under 10% per trip, down from 20%, according to Prabowo.
The Pakistan army reported that it killed 13 militants during two separate operations in the country's northwest region near the border with Afghanistan.
A U.S. official told AFP that Secretary of State Marco Rubio held a call with his Chinese counterpart to coordinate preparations for President Donald Trump's upcoming visit to Beijing.
China's President Xi Jinping is advocating for 'original and disruptive' innovation amid tightening US technological restrictions.
The yen surged against the dollar on likely government intervention.
Huawei is seeing a surge in demand for its Ascend 950Pro AI processors from Chinese technology firms, with the company projecting annual AI chip revenue to reach approximately $12 billion.
India is likely to experience a blistering summer until June, with higher-than-average heat already straining power grids amidst existing energy shortages.
Trip.com aims to attract 200 million tourists to China, a move expected to boost the country's GDP growth, according to the South China Morning Post.
Toyota is set to build three new plants in India, with the facilities intended to support exports to Africa and the Middle East, Nikkei reports.
India's government has announced revised rates for the Special Additional Excise Duty (SAED) and Road and Infrastructure Cess (RIC) on the export of diesel and aviation turbine fuel (ATF).
Myanmar’s military-backed government announced Aung San Suu Kyi will be moved to house arrest from Naypyidaw Prison to serve her remaining prison term.
Treasury Secretary Scott Bessent held talks with Chinese Vice Premier He Lifeng to discuss President Trump's upcoming visit to China, while raising concerns regarding the impact of recent Chinese extraterritorial regulations on global supply chains.
China launches a months-long campaign against the misuse of artificial intelligence.
Apple has accused India's antitrust watchdog of exceeding its powers and is seeking to stall an antitrust case, according to a filing.
China approved significant exports of rare earth elements essential for the United States aerospace industry during the month of March.
Taiwan's economy grows at fastest pace since 1987
Myanmar state media reports that detained former leader Aung San Suu Kyi has been moved from prison to house arrest.
China's Foreign Minister Wang Yi stated that the Taiwan issue is 'the biggest point of risk' in relations between China and the U.S.
Afghan refugees are currently stranded at the border with Pakistan as renewed fighting continues in the region.
The Indian central bank’s intervention in the derivatives market rose sharply in March with its net short dollar position surging to a record $103 billion.