Bloomberg Japan described China as an “unprecedented strategic challenge” in a new national security policy that sets the long-pacifist nation on course for its biggest increase in defense spending since the end of World War II. The new strategy, approved by Prime Minister Fumio Kishida’s cabinet and seen by Bloomberg in a draft, laid out plans for Japan to develop ...

Bloomberg Peru’s ousted President Pedro Castillo was ordered to remain in custody for 18 months amid nationwide protests demanding his release and new presidential elections. Judge Juan Carlos Checkley Soria, member of an investigative court under the country’s high court, ordered Castillo detained until June 2024 while he’s investigated for the alleged crimes of rebellion and conspiracy against the state ...

  Bloomberg Russia’s central bank left interest rates unchanged for a second meeting, capping a year that included a steep monetary easing cycle that more than reversed an emergency hike after the Kremlin’s invasion of Ukraine. Policymakers kept their benchmark at 7.5%, according to a statement, in line with the unanimous forecast of economists surveyed by Bloomberg. The ruble maintained ...