logo

Asian Economic News

Share SHARE

Nepal's economy is rebounding following a slowdown caused by the 2015 earthquakes and trade disruptions, the executive directors of the International Monetary Fund said, concluding the 2017 Article IV consultation. However, the agency said the medium-term outlook critically depends on efforts to...

Australia's consumer confidence improved during the week ended March 26, after declining in the previous three weeks, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday. The consumer confidence index climbed by 1.6 percent to 113.8 from 112.0 in the preceding week. Households'...

Bank-of-Korea-040915.jpg South Korea's gross domestic product expanded a seasonally adjusted annualized 0.5 percent on quarter in the fourth quarter of 2016, the Bank of Korea said in Tuesday's revised reading. That was moved up from 0.4 percent in January's preliminary reading and was unchanged from the three months prior. On...

South Korea's gross domestic product expanded a seasonally adjusted annualized 0.5 percent on quarter in the fourth quarter of 2016, the Bank of Korea said in Tuesday's revised reading. That was bumped up from 0.4 percent in January's preliminary reading and was unchanged from the three months prior. On...

South Korea will on Tuesday release final Q4 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity. Little change is expected from January's preliminary reading that suggested an increase of 0.4 percent on quarter and 2.3 percent on year. In the three months...

Hong Kong's foreign trade deficit increased notably in February from a year ago, as imports grew faster than exports, figures from the Census and Statistics Department showed Monday. The trade deficit widened to HK$56.3 billion in February from HK$33.1 billion in the corresponding month last year....

China will welcome foreign investment in more sectors going forward and would expect fair treatment overseas, the People's Bank of China Governor Zhou Xiochuan said Sunday. Sectors such as banking, insurance, investment banking, securities firms, and payment systems could be opened up for foreign...

Bank of Japan board members viewed that the bank should not rush to action and it should pursue monetary easing under the current framework with patience, the summary of opinions from the monetary policy meeting showed Monday. To achieve the price stability target, it is important to bring the economy...

China's industrial profits grew sharply in the first two months of the year, driven by faster rise in prices of coal, steel and crude oil, data from the National Bureau of Statistics showed Monday. Industrial profits surged 31.5 percent year-over-year in the January to February period. The pace of...

Corporate service prices in Japan were up 0.8 percent on year in February, the Bank of Japan said on Monday. That exceeded forecasts for 0.5 percent, which would have been unchanged from the January reading. On a monthly basis, prices added 0.3 percent after sliding 0.5 percent in the previous...

Japan will on Monday release February figures for producer prices, highlighting a light day for Asia-Pacific economic activity. Producer prices were up 0.5 percent on year in January. China will see February numbers for industrial profits; in January, profits advanced 2.3 percent on year. Hong...

Moody's Investors Service maintained New Zealand's rating at 'Aaa' with 'stable' outlook on Friday. The agency said the rating was affirmed as economic resilience remains very high and country's institutional strength and proactive implementation of policies are likely to continue to mitigate external...

Japan's economy is more firmly progressing towards a recovery, but there was still a long way to go to attain the 2 percent price stability target, and hence, the central bank cannot withdraw its massive stimulus now, Bank of Japan Governor Haruhiko Kuroda said Friday. "There is no reason to reduce...

Fitch Ratings said the policy targets announced at China's National People's Congress are likely to result in a further build-up of economic imbalances, at least in the short term. Fitch noted that the NPC, which concluded last week, appeared to confirm a partial shift in policy focus toward curbing...

Singapore's industrial production expanded at a faster-than-expected pace in February, figures from the Economic Development Board showed Friday. Industrial production advanced 12.6 percent year-over-year in February, much faster than the 2.2 percent rise in January. Economists had expected a...

Follow RTT