Browsing: Asia economy

The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and softer demand in parts of the region. The projection stands below the 5.1% estimate issued

Japan core machinery orders rose 8.7% in April from the previous month, government data showed, marking a strong rebound in a key measure of private-sector equipment demand. The seasonally adjusted value of core orders reached 1,098.5 billion yen. The figures

South Korea’s economy expanded 1.8% in the first quarter of 2026 from the previous quarter, revised data from the Bank of Korea showed. The reading topped the earlier estimate of 1.7%. Gross domestic product also rose 3.8% from a year

South Korea’s consumer inflation accelerated to 3.1 percent in May, the fastest pace in 26 months, as higher fuel costs lifted household and transport expenses across Asia’s fourth-largest economy. The consumer price index rose from 2.6 percent in April and

South Korea’s industrial output, retail sales and equipment investment all declined in April from the previous month, official data showed, marking a broad monthly pullback across production, consumption and capital spending. The Ministry of Data and Statistics said the index

Japan’s economy expanded for a second consecutive quarter in the January to March period, with inflation-adjusted gross domestic product rising an annualized 2.1 percent, according to preliminary government data released Tuesday. The result showed continued growth in the world’s fourth-largest

China’s economy slowed sharply in April as retail sales rose just 0.2 percent from a year earlier, the weakest increase in 40 months and a sign that consumer spending lost momentum at the start of the second quarter. The National

BEIJING: China’s consumer inflation rose 1.0% in March from a year earlier, official data showed on Friday, easing from February’s 1.3% increase as spending cooled after the Lunar New Year holiday period. On a month-on-month basis, the consumer price index

TOKYO: Japan posted a current account surplus of 3.93 trillion yen, or about $24.8 billion, in February, as strong returns on overseas investments helped offset softer trade-related gains and a continued shortfall in services. Preliminary balance of payments data released

SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations to ease currency-market strain, central bank data showed on Friday. Official reserves stood