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The country’s property bust has saddled its steelmakers with a glut of unsold metal that they are now shipping overseas at knockdown prices.

Japan is well-known for following dovish monetary policies to stimulate economic activity. As the world's third-largest economy has held its key interest rates at negative 0.1% since February 2016. While the country successfully navigated through post-pandemic inflation woes without raising benchmark interest rates, the stickier-than-expected inflation trajectory drove the Bank of Japan (BOJ) to adopt a more hawkish approach last week, marking the first rate hike in 17 years. Don't Miss: One sto

China has reported a record upsurge in travel and consumption during a longer-than-usual Lunar New Year holiday season, touting the gains as signs that the world’s second largest economy is regaining its footing thanks to the government’s supportive policies.

A resurgence in travel over China’s Lunar New Year holiday is offering some signs of a consumer spending pickup in the world’s second-largest economy as it struggles with low confidence and deflation, reports Caixin. More than 61 million rail trips were made in the first six days of the national holiday, according to official reports.…

More than 61 million rail trips were made in the first six days of the festive period, up 61 per cent from 2023. Read more at straitstimes.com.