For Masayoshi Son, the AI boom has been both a blessing and a curse for a conglomerate that had lost its way. In June, AI […]
Author: William Pesek
AI reckoning makes South Korean economy run for cover
TOKYO — South Korea has outrun the 1997 Asian financial crisis, the 2008 Lehman shock, and the 2013 taper tantrum. Whether it can outrun its […]
Bank Indonesia drama shows why rupiah is plunging
TOKYO — Investors hoping President Prabowo Subianto might learn from Indonesia’s past economic mistakes should get used to disappointment. Since taking office in October 2024, […]
Japan’s fake fury over its free-falling yen
TOKYO — Japanese Prime Minister Sanae Takaichi’s political fortunes are falling almost as fast as the yen these days — and the two are closely […]
Xi’s national team rides again to save swooning tech stocks
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 […]
Bank of Korea picks a fight with US Fed’s AI inflation call
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% — […]
All that glitters isn’t gold for Asia’s central banks
TOKYO — Cue the jokes about “SAFE” — the acronym for the People’s Bank of China division entrusted with managing Beijing’s reserves. The folks at […]