Reuters Asia

Japan’s land prices rise for second year running in 2022 – tax agency

TOKYO (Reuters) – Japan’s land prices rose for a second consecutive year in 2022, the country’s tax agency said on Monday, suggesting a gradual recovery from the impact pandemic as restrictions were eased. Average land prices rose 1.5% last year, a National Tax Agency survey showed, following an increase of 0.5% in 2021. The pandemic …

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China’s June factory activity slows as conditions weaken – Caixin PMI

BEIJING (Reuters) – China’s factory activity growth slowed in June, a private sector survey showed on Monday, with sentiment waning and recruitment cooling as firms grew increasingly concerned about sluggish market conditions. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) eased to 50.5 in June from 50.9 in May, indicating a marginal expansion in activity. …

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India’s monsoon rains cover entire country, still lower than average

MUMBAI (Reuters) -India’s annual monsoon covered the entire country on Sunday, six days earlier than usual, the state-run weather office said, but rain totals are 10% below average so far this season. The monsoon, the lifeblood of India’s $3 trillion economy, delivers much needed water to farms and restocks reservoirs and aquifers. It also brings …

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Japan factory activity slips back into contraction in June on soft orders

TOKYO (Reuters) – Japan’s factory activity contracted in June after expanding for the first time in 7 months in May, a private survey showed on Monday, dragged down by weak orders for cyclical goods amid a global economic slowdown. The final au Jibun Bank Japan manufacturing purchasing managers’ index was at 49.8, returning below the …

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South Korea factory activity suffers longest downturn in at least 19 years

SEOUL (Reuters) – South Korea’s factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a survey showed on Monday, underlining the challenges facing the economy as it struggles to mount solid recovery. The survey result comes in stark contrast to other brighter signs of recoveries …

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Treasury’s Yellen to visit China this week to expand communications

By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Beijing from July 6-9 for meetings with senior Chinese officials on a broad range of issues, including U.S. concerns about a new Chinese counterespionage law, a senior Treasury official said on Sunday. Yellen’s long-anticipated trip is part of a push by …

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China forex regulator Pan Gongsheng named central bank party boss

(Reuters) -China’s ruling Communist Party appointed central bank Deputy Governor Pan Gongsheng as the bank’s party secretary on Saturday, a move the Wall Street Journal said would be a prelude to becoming governor. The party’s Central Organization Department announced the decision at a meeting on Saturday afternoon, the People’s Bank of China (PBOC) said in …

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