Tokyo stocks ended lower on profit-taking following sharp gains on Friday and lackluster automakers amid fears over a possible US recession resulting from the Federal Reserve's aggressive interest rate hikes.

The long-awaited IPO of e-commerce platform Blibli aims to raise around US$530 million when it lists its shares on the Indonesian bourse next month.

Asian share markets slipped on Monday following another drubbing for Wall Street as investors brace for a further drastic tightening in global financial conditions, with all the risks of recession that brings.

"I'm not concerned about the strength of the dollar. I'm concerned about the rest of the world," Biden told reporters in the western state of Oregon when asked about the dollar, which has strengthened to the upper 148 yen level, just below the psychologically important 150 yen line.

Mel Carvill, nonexecutive director of Home Credit, recently visited Jakarta to touch base with colleagues at the lender’s Indonesia headquarters. He discussed finance industry trends and economic developments in Indonesia with The Jakarta Post's Mark Lempp and Fadhil Haidar Sulaeman on Oct. 13.

Domestic car sales has posted growth in September, indicating that demand for new cars has proved resilient to last month's hike in subsidized fuels.

As China's leaders gather for a crucial party congress, the country is expected on Tuesday to announce some of its weakest quarterly growth figures since 2020, its economy hobbled by COVID restrictions and a real estate crisis.

Many supermarkets in Indonesia mark imported products with labels attached identifying them as such, but do consumers care much where the goods they purchase come from? The Jakarta Post has gone around town asking.

At their final meeting under Indonesia’s chairmanship this year, finance ministers and central bankers of the Group of Twenty (G20) members agreed to support countries in debt distress.

Kwarteng is no longer chancellor of the exchequer, the BBC said. The Times newspaper reported earlier that Kwarteng was expected to be sacked.

The quality of agricultural and derivative products is important in penetrating international markets and the Agriculture Ministry says it is empowering farmers from the upstream and downstream sectors to come up with ever better products.

New rules on the pricing of low-carbon electricity are meant to boost investment in renewable energy, but experts warn that will not happen unless the government is on track with its renewable-energy infrastructure procurement, which would require a vast push in construction.

The G20 failed to issue a joint communique at the end of its meeting, as in its last two gatherings. Russian officials participated via video link, according to a source familiar with the talks.

Asian shares tracked Wall Street higher on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.6 percent in early Asia trade. Australia's resources-heavy share index gained 1.6 percent, South Korea advanced 2.1 percent, while Japan's Nikkei jumped 2.8 percent.

Indonesia’s tourism recovery may be facing stronger headwinds as would-be foreign visitors limit their leisure spending amid the threat of a global recession, threatening hard-won gains in the pandemic-battered industry.

For the year to August 2022, the retail behemoth logged a net profit of 273 billion yen ($1.86 billion), but forecast a more modest 230 billion yen for 2022-23.

The Doha-based carrier is in the midst of a recruitment drive which will lift its total workforce to more than 55,000 from around 45,000 currently, a spokesperson, who declined to be named.

Finance ministers and central bankers from the Group of 20 major economies are gathering in Washington during annual meetings of the IMF and World Bank this week that have underscored the multiple challenges the world is facing.

Sony Honda Mobility. will produce its cars at a Honda plant in North America and start taking orders mainly online from the first half of 2025, with delivery in Japan expected to follow in the latter half of 2026, it said.

Equities fell in Asia and the dollar maintained its strength Thursday ahead of the release of US inflation data that could determine the pace of Federal Reserve interest rate hikes.

The US is scrambling to tackle unintended consequences of its new export curbs on China's chip industry that could inadvertently harm the semiconductor supply chain, people familiar with the matter said.

Indonesian officials have proposed to the Group of 20 a set of possible solutions to a looming global food crisis as geopolitical tensions threaten food and fertilizer supplies worldwide.

The world's top-selling automaker said production began last month at the new factory outside Yangon, which was originally supposed to produce 2,500 Hilux pick-up trucks each year.

Weakness in manufacturing and maintenance work in North Sea oil and gas fields contributed to a 0.3 percent fall in gross domestic product from July, and the report also showed how a jump in inflation was hitting consumers.

Many believe that conventional banks will eventually catch up to financial technology (fintech) platforms and digital banks in terms of retail banking competitiveness, but industry players hinted that collaboration with them might be the key to success as it can be more efficient.

An Indonesian start-up working with the Tourism and Creative Economy Ministry in a waste management program says it needs more trash to scale-up operations and eventually process recyclables in the country rather than exporting them.

The downgrade underscores heightening uncertainty over Asia's recovery from the COVID-19 pandemic as darkening growth prospects for the United States, China and the euro zone economies stoke fear of a global recession.