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Japan’s ‘bark worse than bite’ in South Korea trade spat: Citi

Bloomberg Japan’s trade curbs on South Korea have so far been a case of “the bark was worse than the bite,” with only limited fallout for South Korea’s economy, according to Citigroup Inc. Japan’s tighter scrutiny of exports of three key materials used in the chip industry and Tokyo’s removal of its neighbour from a list of trusted trading partners ...

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Indonesia’s budget deficit set to widen

Bloomberg Indonesia’s budget deficit has ballooned to more than $20 billion and is set to widen further as Southeast Asia’s largest economy struggles amid a global slowdown. With the government on pace to miss revenue targets, the 2019 budget deficit is now expected to reach as much as 2.2% of gross domestic product, from an initial target of 1.84%. Figures ...

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Hong Kong labour market weakens amid recession

Bloomberg After months of political protests and the onset of a recession, Hong Kong’s resilient labour market is starting to crack. Retailers, restaurants and hotels are cutting wages and hours or letting staff go just to survive. The city’s once record-low unemployment level is likely to accelerate its current rise if no solution to the five months of turmoil can ...

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