Headlines

Ghosts of 1997 and 2008 stir as Iran spooks markets

TOKYO — Asia is seeing ghosts again. One apparition amid tight credit markets dates to the 2007-2008 global financial crisis. Another comes from 1997-98, when Asia’s debt-fueled growth boom ended disastrously. Economists can debate which comparison is more relevant to the

While America fights, China builds

Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. China’s export surge redraws global trade mapScott Foster reports that China’s early-year trade data show surging exports across ASEAN, Europe, and Africa even as

Japan should help US in Iran while it’s still dangerous

Don’t expect any fireworks when Japanese Prime Minister Sanae Takaichi meets US President Donald Trump in Washington on March 19. Compared to Britain, Spain, France and the United States’ other erstwhile allies ー large and small (except for the Poles and a couple others) ー

Danantara at one: promise, peril and vexing questions

This month’s celebration marking the first anniversary of the Daya Anagata Nusantara Investment Management Agency, better known as Danantara, became a stage for Indonesian President Prabowo Subianto to showcase a set of numbers that, at first glance, appeared revolutionary. In

Upside, downside for China’s tariff-free Africa deal

China’s President Xi Jinping announced in February 2026 that from May 1 China would be granting zero-tariff treatment to 53 African countries. (That is all of them, bar Eswatini, which supports Taiwan.) China-Africa trade reached US$348 billion in 2025, up 17.7% from 2024.