22 h. ago In Japan, fears of China’s antibiotics dominance spur calls for self

Medical professionals in Japan are concerned that China could dramatically ramp up trade pressure on Tokyo by adding antibiotics and ingredients for medicines to its list of exports subject to restrictions. Despite efforts over the last three years to increase domestic production of a range of commonly used medicines in Japan, the domestic medical sector still relies heavily on imports from China and restricting or halting imports would cause “huge trouble”, according to the experts. “Japan...

Politics

4 d. ago India overtakes Japan, Bali mulls bank check requirement: 7 Asia highlights

We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. India overtakes Japan in economic size – while prosperity trails far behind India ushered in the new year with a symbolic triumph as its economy edged past Japan’s to become the world’s fourth largest by nominal gross domestic product. 2. Nearly 94% of Malaysians who...

Politics

5 d. ago Japan firms seen ‘stockpiling’ rare earths as Tokyo looks to G7 in face of China controls

Fears of China choking off exports of critical minerals to Japan amid a deepening political dispute have set off industry alarms and prompted Tokyo to elevate the issue at a G7 gathering of finance ministers this week, despite Beijing’s assurances that civilian trade would be spared. Japanese Finance Minister Satsuki Katayama said last week that she would attend the Group of Seven event in Washington on Monday with the “risk of a rare-earth-supply interruption from China in mind”, the...

Politics

7 d. ago India overtakes Japan in economic size, but prosperity trails far behind

India ushered in the new year with a symbolic triumph as its economy edged past Japan’s to become the world’s fourth largest by nominal gross domestic product. The achievement unleashed a wave of national pride in New Delhi and among business leaders, but behind the celebrations lingers a question: can the world’s fastest-growing economy turn rapid growth into widespread prosperity? Economists warn that GDP figures alone cannot create jobs, lift incomes or bridge yawning inequality in a nation...

Economics

7 d. ago As India overtakes Japan in economic size, prosperity lags far behind

India ushered in the new year with a symbolic triumph as its economy edged past Japan’s to become the world’s fourth largest by nominal gross domestic product. The achievement unleashed a wave of national pride in New Delhi and among business leaders, but behind the celebrations lingers a question: can the world’s fastest-growing economy turn rapid growth into widespread prosperity? Economists warn that GDP figures alone cannot create jobs, lift incomes or bridge yawning inequality in a nation...

Economics

9 d. ago As China targets Japan over Takaichi’s Taiwan remarks, what levers does Tokyo have?

China’s access to Japan’s coveted industrial-use goods – especially a critical chipmaking ingredient – may face hurdles if Tokyo imposes export restrictions in the event of a prolonged political dispute, though trade is holding steady for now, analysts and a trade organisation said. Beijing’s response to Japanese Prime Minister Sanae Takaichi’s November 7 remarks about Taiwan has prompted some analysts to ask what cards Tokyo might play should the relationship deteriorate further. Beijing’s...

Events

9 d. ago As Beijing targets Tokyo over Takaichi’s Taiwan remarks, what levers does Japan have?

China’s access to Japan’s coveted industrial-use goods – especially a critical chipmaking ingredient – may face hurdles if Tokyo imposes export restrictions in the event of a prolonged political dispute, though trade is holding steady for now, analysts and a trade organisation said. Beijing’s response to Japanese Prime Minister Sanae Takaichi’s November 7 remarks about Taiwan has prompted some analysts to ask what cards Tokyo might play should the relationship deteriorate further. Beijing’s...

Events

1 week ago North Korean missile falls near Japan; Takaichi orders safety checks

North Korea fired a ballistic missile off its east coast on Sunday, South Korea’s military said. “The North has launched an unidentified ballistic missile towards the East Sea,” it said, referring to a body of water also known as the Sea of Japan. Japan’s defence ministry also said it detected a possible ballistic missile, which landed at 8.08am. The projectile is believed to have fallen outside Japan’s exclusive economic zone and no damage to ships or planes has been reported, according to a...

Events

2 w. ago Japan may lose GDP race to India amid weak yen, tourism woes and China row

Japan’s economy is likely to fall behind India’s in 2026 to fifth place in the world, according to an International Monetary Fund’s estimate, potentially diminishing the East Asian nation’s presence on the global stage. The subdued economic outlook makes Prime Minister Sanae Takaichi’s planned growth strategy, due out in the summer, all the more important to combat the burden from the country’s shrinking population, economists say. They call for productivity improvements and further efforts to...

Politics

2 w. ago India overtakes Japan as world’s 4th largest economy, eyes top 3 by 2026

India has overtaken Japan as the world’s fourth-largest economy – and officials hope to pass Germany within three years, the government’s end-of-year economic review calculates. Official confirmation however depends on data due in 2026 when final annual gross domestic product figures are released, with the International Monetary Fund (IMF) suggesting India will cross over Japan next year. “India is among the world’s fastest-growing major economies and is well-positioned to sustain this...

Politics

2 w. ago India overtakes Japan as world’s fourth largest economy, eyes top 3 in 2026

India has overtaken Japan as the world’s fourth-largest economy – and officials hope to pass Germany within three years, the government’s end-of-year economic review calculates. Official confirmation however depends on data due in 2026 when final annual gross domestic product figures are released, with the International Monetary Fund (IMF) suggesting India will cross over Japan next year. “India is among the world’s fastest-growing major economies and is well-positioned to sustain this...

Politics

2 w. ago Bank of Japan Outlook, Beijing Economic Report Roil Asian Stock Markets

Bank of Japan Outlook, Beijing Economic Report Roil Asian Stock Markets  marketscreener.com

Economics

3 w. ago Chinese nuclear experts believe Japan could build nuclear weapons in less than 3 years

One of Henry Kissinger’s final and most sobering predictions before his death was that Japan would eventually pursue nuclear weapons. In a 2023 interview with The Economist, Kissinger warned that Japan was “heading towards becoming a nuclear power in five years”. Chinese nuclear experts estimate that Japan has the political motivation but also the technical capacity to develop nuclear weapons in less than three years, echoing Kissinger’s warning that Japan harbours ambitions to revive its...

Events

3 w. ago Japan still popular with Hong Kong travellers over Christmas, Harbin gaining appeal

More Hongkongers are travelling over the Christmas holiday period compared with last year, with traditional destinations in Japan remaining popular despite geopolitical tensions, and mainland cities such as Harbin and Yunnan gaining appeal. Some industry insiders said Japan remained a popular destination among Hong Kong travellers despite recent news of earthquakes and a geopolitical row between Beijing and Tokyo, which earlier saw mainland visitors cancelling their trips in droves. Relations...

Politics

3 w. ago Japan loses appeal as Hongkongers favour South Korea, mainland China this Christmas

Hong Kong tourists are choosing South Korea and other mainland Chinese cities over Japan for their Christmas holidays, a trade body has said, as around 1,500 outbound tours are expected to depart the city. Fanny Yeung Shuk-fun, executive director of the Travel Industry Council, said on Wednesday that 60 per cent of Hong Kong’s tour groups would leave via high-speed rail, mostly for short-haul trips lasting three to four days. “We predict that there will be about 1,500 outbound tours during the...

Politics

3 w. ago Japan imposes new ground rules as concerns grow over foreign

Japan is expressing renewed concerns about foreign nationals buying land and property across the country, with growing alarm over the acquisition of property close to “sensitive sites” as well as overseas investors causing prices to spike beyond the reach of many Japanese. A survey conducted by the Cabinet Office identified 113,827 property transactions in the year that started on April 1, 2024, in areas within 1km (0.6 miles) of a designated “critical facility”, such as a military base for...

Politics

4 w. ago Japan’s economic security push heralds rising protectionism in Asia

An obsession with “security” can create increasing insecurity. This paradox is being amply demonstrated as advanced nations, including the United States and Japan, take or contemplate joint action aimed at bolstering economic security but which could erode global economic growth and prosperity – or even result in physical conflict. How might such threats crystallise? Strengthening security, whether economic or military, suggests increased defence spending to, for example, secure sea lanes and...

Economics

last month ‘Japan is back’ in Central Asia with new summit on AI, minerals and transport

Japan will host the leaders of five Central Asian countries in Tokyo this week, a meeting analysts say is meant to show that “Japan is back” as an active player in a region where global powers are competing for influence, minerals and transport routes. The summit with Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan and Turkmenistan, scheduled for Friday and Saturday, is also expected to consolidate Tokyo’s long-standing but “often underestimated role” in Central Asia as a trusted and non-coercive...

Politics