Taku Ueno buys beef from America, olive oil from Spain and tomatoes from Italy to stock his supermarkets south of Tokyo, imports that have more recently become costlier almost by the day as the yen falls relentlessly. The yen has weakened despite currency intervention in 2022, 2024 and 2026, and the exchange rate is still under pressure, even after rare joint U.S.-Japan buying in August and July, Reuters reported.

National Company Law Tribunal (NCLT) has removed insolvency professional Narender Kumar Sharma as the interim resolution professional (IRP) for the stalled Festival City housing project in Sector 143B, after finding that he had failed to disclose disciplinary proceedings and allegedly accepted the assignment without a valid authorisation, the Times of India reported. The tribunal has appointed Sudhir Kumar Agarwal as the new IRP and directed Sharma to hand over all papers, documents and other material that came into his possession during his tenure.

The one-time billionaire who came to personify the boom and bust of China's property market was sentenced to life in prison last week by a Chinese court. But the collapse of the sector, entering its sixth year, remains a drag on the world's second-biggest economy, a pain point ‌for millions of households and a force for export-reliant growth and trade friction for China, according to a Reuters analysis. Analysts say there is no clear end in sight.

China has opened applications for an 800 billion yuan ($119 billion) policy-based financing tool for local government projects to shore up slowing economic growth, although a securities ‌firm said the later roll-out could limit its impact this year, Reuters reported. China's fixed-asset investment contracted 6.7% in ‌the first seven months of 2026.

The Guangzhou Intermediate People's Court on Friday announced to accept the bankruptcy liquidation application filed by Huaxia sub-branch of Guangzhou Rural Commercial Bank Co Ltd against Chinese real estate developer Evergrande Group, a day after former Evergrande chairman Xu Jiayin was sentenced to life imprisonment for financial crimes, GlobalTimes.cn reported. The bank applied to the court for the bankruptcy liquidation of Evergrande on the grounds that the company is unable to pay its due debts and its assets are insufficient to cover all its debts.

Japan's core consumer inflation accelerated ​in July from a year earlier as firms passed on rising import costs from a weak yen ‌and the U.S.-Israeli war with Iran, data showed on Friday, bolstering the case for an interest rate hike from the central bank, Reuters reported. The data will be among factors the Bank of Japan will scrutinise at its next policy meeting on September 17 and 18, when it is widely expected to ​raise its key rate to 1.25% from 1%.

Bitcoin mining operator Poolin Technology has filed for chapter 11 bankruptcy, CryptoProwl.com reported. The Singapore-based company, which operated a Bitcoin mining pool, sought protection from its creditors in a New Jersey court. A Bitcoin mining pool is a group of cryptocurrency miners who combine their computer processing power to increase their chances of minting new BTC. In its bankruptcy filing, Poolin listed assets of between $1 million U.S. and $10 million U.S. and liabilities of as much as $500 million U.S.