Apartments built during a Soviet Union-inspired construction drive in the 1970s and 1980s tend to suffer from poor insulation and outdated plumbing, but they are seeing a revival in interest due to their attractive locations.
BUSINESS / Markets
Jul 9, 2026
China’s demand for Soviet-style apartments shows limits to revival
Buyers in major cities are putting their money into flats that were largely built in the 1970s and 1980s, overlooking their flaws because of their attractive locations.
Finance Minister Satsuki Katayama has issued verbal warnings recently using the same language and the same tone, saying authorities “will take appropriate action at any time, as necessary.”
BUSINESS / Markets
Jul 6, 2026
Japan might be giving the currency market the silent treatment
Officials are saying less than they did before to defend the yen, and when they do speak, they opt for vague and relatively weak statements.
Foreign exchange dealers work inside the Woori Bank trading room in Seoul.
BUSINESS / Markets
Jul 3, 2026
South Korea opens 24-hour won trading at a fraught moment
The launch onto the global stage is taking place just as the won is revisiting low levels last seen in 2009, which leaves the currency and economy more open to speculators.
Traders see little long-term relief from the Japanese government’s repeated warnings that it will take bold action to stem the yen's decline.
BUSINESS / Markets
Jul 2, 2026
Traders plot worst-case scenario for yen if currency crisis hits
The yen sliding to a once-unthinkable ¥200 to the dollar level is now a risk — albeit an extreme one — for some investors.
Electronic boards display the foreign exchange rate of the Japanese yen against the U.S. dollar at a foreign exchange brokerage in Tokyo on Tuesday.
BUSINESS / Markets
Jul 1, 2026
Yen’s slide puts market on lookout for Japan’s next red line
Strategists have increasingly pointed to ¥163 and beyond as the next levels to watch.
Japan's currency broke ¥162 to the dollar on Tuesday in Tokyo.
BUSINESS / Markets
Jun 30, 2026
Yen hits 40-year low against the dollar, breaking ¥162 level
The market remains skeptical about the effectiveness of government efforts to prop up the yen, and pressure on the currency has been steady.
Indonesia's President Prabowo Subianto has pushed for an increased role of the government, including expanding the economic power of its sovereign wealth fund Danantara.
BUSINESS / Markets
Jun 29, 2026
Prabowo risks prompt global banks to pull cash out of Indonesia
Some banks decided to curb exposure to Indonesia as they became increasingly concerned over the country’s policy direction that has dented foreign investors’ confidence.

Longform

The Terasaka Rice Terraces are seen with Mount Buko in the background.
What Yokoze can teach Japan about rural revival