Bloomberg Business

Bank of Korea Vows to Stay Restrictive As It Holds Rate Steady

The Bank of Korea held its benchmark interest rate steady and retained its hawkish bias as it seeks to rein in inflation while also avoiding adding pressure on an economy that faces headwinds ranging from risks of a debt crisis to slumping exports.

Japan to Begin Nuclear Wastewater Releases That Anger China

Japan is scheduled to begin releasing treated wastewater from the Fukushima nuclear site into the Pacific Ocean later on Thursday, the first discharge in a process that could last about 30 years and has drawn threats of retaliation from China.