Bloomberg Japan’s top currency official said the nation’s current account surplus is a result of investments abroad rather than the exchange of goods, and it shouldn’t become a trade issue. It’s not uncommon for Japan’s savings to grow because of its aging population, Masatsugu Asakawa, vice finance minister of international affairs, said at a conference in Tokyo. His remarks came ...

Bloomberg Sentiment at Asia’s factories charted another weak month in February amid softening global demand and trade-war jitters. But there were signs of bottoming too: The Caixin China purchasing managers index rose to 49.9, recovering from its biggest drop since July 2015, even as it stayed below the 50 line that separates contraction and expansion. “There is a silver lining ...

Bloomberg Doubts are beginning to gather around the pharmaceutical industry’s biggest-ever takeover after Bristol-Myers Squibb Co.’s second-largest shareholder said that it doesn’t favour a $74 billion takeover of Celgene Corp. Wellington Management Co., which manages about $1 trillion in assets, said in a news release that it “does not believe that the Celgene transaction is an attractive path” for broadening ...