William Pesek

TOKYO — Cue the jokes about “SAFE” — the acronym for the People's Bank of China division entrusted with managing Beijing's reserves.

TOKYO — Bank of Korea Governor Shin Hyun-song ended a three-and-a-half-year rate freeze on Thursday, lifting the policy rate 25 basis points to 2.75% — the BOK's first tightening move since January 2023.

As the world debates whether artificial intelligence is an economic friend or foe, South Korea may provide the first real answers.

TOKYO — Chinese stocks just had a remarkable week, with stellar news from startup Moonshot AI delivering a DeepSeek-like jolt to a fragile market. Its new

China's 2026 has a familiar ring to anyone who watched Japan stumble into stagnation.

TOKYO — Japanese Prime Minister Sanae Takaichi's political fortunes are falling almost as fast as the yen these days — and the two are closely linked.

TOKYO — Investors hoping President Prabowo Subianto might learn from Indonesia's past economic mistakes should get used to disappointment.

Japan has lived with zero interest rates for 27 years. Last month's move to 1% was meant to mark the start of normalization. This week will reveal whether it was also the end.

TOKYO — South Korea has outrun the 1997 Asian financial crisis, the 2008 Lehman shock, and the 2013 taper tantrum. Whether it can outrun its own AI boom is a harder test — and one the last week of Kospi whiplash put on stark display.

Asia is absorbing the brunt of the Federal Reserve’s hawkish turn — and the fallout is intensifying.