Business, markets and economy news from Malaysia.
Japan's Prime Minister Sanae Takaichi has pledged to restore the consumption tax on food to 8 per cent after a two-year reduction period beginning April 2027, addressing concerns about the nation's fiscal sustainability.
Japan's yen has sunk to 40-year lows, unmoved by the Bank of Japan's recent interest rate increase or earlier intervention efforts. Fresh concerns about fiscal stimulus plans are weighing on the currency.
Japan's Fair Trade Commission has raided six leading ice cream manufacturers on suspicion of price-fixing, with officials accused of coordinating annual price hikes through emails and meetings since 2022.