Incheon Airport Check-In Outage and Leaves 1,200 Travelers Waiting
An Incheon Airport check-in outage hit 13 airlines Oct. 30 after an ARINC network fault and a TravelSky glitch, delaying 38 flights and 1,200 travelers.
Asia-Pacific
Asia-Pacific news from The Boston Report: China, Japan, South Korea, North Korea, Taiwan and the wider region, covering politics, economies, central banks, security and diplomacy.
South Korea Weighs Sending Cheonghae Naval Unit Toward Hormuz but Vows No Role in the War
Seoul weighs a wider Cheonghae Unit Hormuz mission and a patrol plane to protect Korean ships; no decision is final, and it vows no role in the war.
South Korea’s Industrial Output Jumps 3% in September, the Biggest Gain Since 2011, on Chips and Cars
South Korea industrial output rose 3.0% in September, the most since 2011, as chips rose 19.2% and autos 39.9%; retail sales and investment also rose.
Japan’s Second Capital Law Takes Effect as Osaka Ties Its Bid to the Metropolis Plan
Japan’s second capital law took effect Oct. 30. Osaka qualifies, but its full bid hinges on the special-ward metropolis plan voters rejected twice.
Takaichi Stays Cautious as Hiroshima and Nagasaki Mayors Seek Observer Role at Nuclear Ban Treaty Review
Takaichi stayed cautious on the nuclear ban treaty as Hiroshima and Nagasaki’s mayors asked Japan to observe the Nov. 30 review conference.
Bank of Japan Holds at 1.25% and Says Underlying Inflation Now Matches Its 2% Target
The Bank of Japan rate decision kept rates at 1.25% on an 8-1 vote as the BOJ said underlying inflation is now consistent with its 2% target.
Shanghai Draft Taxi Law Would Back Robotaxis and Ban Ride-Hailing Price Discrimination
Draft Shanghai taxi regulations would merge cabs and ride-hailing, promote self-driving taxis and bar algorithm pricing. Comments are due Nov. 3.
China’s Communist Party Expels a Record 33 at Fifth Plenum as a Quarter of Seats Sit Empty
China’s Communist Party fifth plenum confirmed a record 33 expulsions, with 279 of 376 members attending and a general elevated to the Politburo.
China’s Central Bank Moves to Daily Overnight Repos at 1.25% in Shift to a New Policy Anchor
The PBOC overnight reverse repo will run every working day from Nov. 2 at 1.25%, a step toward a new policy anchor as China’s GDP growth holds at 4.5%.