Author: Aiko Akihiro

Dongfeng Yueda Kia Motors Co. (DYK) is welcoming the start of a new era for the brand with the Chinese-market debut of the new Kia K5 and Kia Carnival at Auto China 2020 in Beijing. Kia’s presence at the show highlights the wealth of research and development that has gone into the brand’s products, which aim to attract a young, trend-setting audience. This is matched by a highly experiential Auto China exhibition, allowing visitors to interact and engage with Kia’s latest vehicles and technologies. “At Auto China 2020 we are revealing more about our mid- to long-term strategic vision, and…

The deputy governor of the Bank of Japan (BOJ), the country’s central bank, said the self-imposed two-year deadline of a 2% inflation rate is hard to achieve. BOJ Deputy Governor Kikuo Iwata was quoted by a local Japanese newspaper as saying that the strict inflation target imposed by the central bank is difficult to achieve due to falling oil prices and bigger-than-expected hit on spending due to last year’s sales tax increase. “The impact of last year’s sales tax hike on household spending was bigger and longer than what most experts, including myself, had expected,” Iwata said in the newspaper…

The manufacturing sector in Japan was barely in expansion in March, the latest survey from Markit Economics revealed on Tuesday. In another sign that the Japanese economy is limping its way out of last year’s recession, the March PMI hit a score of 50.4, down from 51.6 in February. While the index remained above the 50 threshold for the 10th consecutive month, it dropped to its lowest since expansion of the manufacturing activity started in June 2014. New orders also contracted for the first time in 10 months after falling to a preliminary 49.5 in March from 51.0 in February.…