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The Bank of Japan (BOJ) raised interest rates on Friday to levels unseen in three decades and signalled its readiness for further hikes, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs. It also removed language that growth and inflation will stagnate due to the impact of higher US tariffs, underscoring the central bank’s conv...
Catch up on some of SCMP’s biggest stories about overtourism in Asia. If you would like to see more of our reporting, please consider subscribing. 1. Bali fumes at frugal tourists who spend time but less money Locals in the Indonesian holiday hotspot of Bali have urged authorities to filter out cost-conscious travellers who spend more time but less money on the island, in a shif...
More than a year after former South Korean president Yoon Suk-yeol’s failed attempt to impose martial law, the country’s top court has announced changes to how politically explosive cases are handled, as public anger over delays and alleged bias continues to mount. The Supreme Court said it would revamp procedures for high-stakes national security trials, including cases stemmin...
A source within Japan’s prime minister’s office said on Thursday that the country needs nuclear weapons, remarks that deviate from the country’s long-standing non-nuclear principles and could trigger backlash at home and abroad. “I think we should possess nuclear weapons,” said the source, who is involved in devising security policy under the government led by Prime Minister San...
South Korea’s Constitutional Court on Thursday formally removed the country’s impeached police chief for deploying hundreds of officers to support ousted former president Yoon Suk-yeol’s brief imposition of martial law in December 2024. The court said Cho Ji-ho “actively disrupted” legislative activities by deploying hundreds of police officers to the National Assembly and tryin...
