Costs were already rising before Russia invaded Ukraine. Now, Asia’s businesses and households are being squeezed even harder, Nikkei Asia reported.
With Asian currencies weakening against the dollar and central banks pushing rates up, the region—the world’s consumption growth engine—faces a cost of living crisis. As Asians struggle to make ends meet, leaders due for reelection over the next year could face their wrath.
Read the full report: Nikkei Asia
Fading hopes of a US interest rate cut anytime soon have pushed the Japanese currency…
The solar division of Korean conglomerate Hanwha Corp, Qcells, is looking to protect a planned…
President eyes hiking tariffs amid a push for blue-collar votes on a visit to Pittsburgh,…
With Japanese firms now wary about investing in China, the US's economic resilience has proven…
Apple CEO Cook also met Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Tuesday as the…
IMF chief economist says China’s economy is strained by its property crisis and warns that…