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The U.S. Treasury Department has urged the Bank of Japan (BOJ) to continue tightening its monetary policy to address the yen's weakness and promote a rebalancing of trade. The report highlights that Japan's ultra-low interest rates contribute to the yen's depreciation against the dollar, with the BOJ's gradual rate hikes being closely monitored. Despite recent increases, economists expect the BOJ to maintain steady rates through September, with a potential hike by year-end.
Southeast Asia ranked second globally in mobile game downloads in Q1 2025, with 1.93 billion installs, a 3% increase from the previous quarter, and generated $625 million in in-app purchase revenue. Indonesia led the region with 870 million downloads, while Thailand excelled in revenue generation, reflecting strong digital payment infrastructure. The region's growth is driven by rising smartphone adoption and a young, engaged population, with free-to-play models dominating the market.
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Nintendo is set to launch the Switch 2 on Thursday, with midnight parties planned and over 2.2 million pre-orders in Japan, signaling a potential record-breaking debut. Priced at $449.99, the new console features enhanced capabilities but faces challenges, including high costs and supply issues. Analysts predict strong initial sales, though sustaining momentum may be difficult amid tariff uncertainties and rising game prices.
Miniso Group has engaged JPMorgan and UBS to facilitate the IPO of its Top Toy unit in Hong Kong, while seeking investments from sovereign wealth funds. Launched in late 2020, Top Toy has rapidly expanded to 280 locations and aims for over 1,000 stores globally, capitalizing on the booming collectible toy market driven by Gen Z and young urban women. The brand's strategy focuses on licensed IP partnerships, contrasting with competitors like Pop Mart, which relies on original character development.
Vietnam's exports surged by 14% in May, driven by firms rushing shipments ahead of anticipated U.S. tariff increases, resulting in a trade surplus of $4.67 billion. In the first five months of 2025, foreign investment pledges soared by 51.1% to $18.4 billion, reflecting the country's strategic positioning in high-value sectors amid global capital flow trends.
ByteDance's acquisition of Tokopedia is viewed as a potential missed opportunity for Indonesia, with concerns about the impact on the local tech landscape. Meanwhile, Da Nang is emerging as a promising startup hub in Vietnam, attracting AI and semiconductor firms with incentives and proactive government support. The rise of "vibe coding" among small, AI-native teams could position Vietnam to produce its next unicorn within two years, shifting its reputation from a mere launchpad for foreign tech companies.
Jollibee Group reported a 27.8% increase in systemwide sales across Southeast Asia, driven by strong patronage in markets like Vietnam, Malaysia, Singapore, and Brunei. The brand opened 51 new stores in 2024, raising its total to over 200 in Vietnam, as part of its strategy to enhance global presence and capitalize on the region's booming foodservice market, projected to grow significantly by 2030.
VinFast plans to manufacture 50,000 electric vehicles annually in India, with ambitions to ramp up production to 150,000 in the coming years. The vehicles will be exported to markets in the Middle East and Africa. The company also aims to hire up to 3,500 local employees by 2030.
GoTo and Indosat Ooredoo Hutchison have launched an updated Sahabat-AI model featuring 70 billion parameters and a multilingual chat service, accessible via sahabat-ai.com and the GoPay app. This initiative supports five local languages and aims to enhance cultural relevance while ensuring data residency and regulatory compliance. Collaborating with local universities and media, the project aligns with Indonesia's digital sovereignty goals and addresses the urgent need for AI talent development in the country.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
us treasury urges bank of japan to continue monetary tightening policy
07:50 06.06.2025
southeast asia mobile game downloads surge to second largest globally in 2025
04:30 06.06.2025
us maintains tariffs on vietnam amid concerns over chinese imports
06:10 05.06.2025
nintendo prepares for record launch of switch 2 amid high demand
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19:41 04.06.2025
Miniso hires JPMorgan and UBS for Top Toy IPO in Hong Kong
08:40 04.06.2025
Vietnam's exports rise 14 percent as trade surplus reaches 4.7 billion dollars
07:40 04.06.2025
vietnam's tech scene embraces vibe coding for future unicorn potential
11:30 03.06.2025
Jollibee reports 27.8 percent sales growth in Southeast Asia for Q1 2025
12:35 02.06.2025
VinFast plans to produce 150000 electric cars annually in India
12:34 02.06.2025
GoTo and Indosat launch multilingual Sahabat-AI model for Indonesia's digital future
10:53 02.06.2025
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