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Breaking news and features from The Wall Street Journal with a local and regional focus on Asia.

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linkhttp://asia.wsj.com/ calendar_today01-04-2009 16:26:13

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China’s legislature voted to retain Yi Gang as governor of the central bank, delaying a move to hand over the post in the midst of a restructuring on.wsj.com/3JespxU

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A decade into Xi Jinping’s rule, the puzzle pieces of his designs for China are in place, marking a definitive end to Deng Xiaoping’s reform-and-opening era on.wsj.com/3LA9twD

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China played the long game and is becoming dominant in the South China Sea. That’s a big problem for the U.S. Part of a WSJ series examining the problems confronting America’s military. on.wsj.com/3ZIVit5

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The failure of SVB reverberated through startups and venture-capital firms from China to India, underlying the role of U.S. money in global tech financing on.wsj.com/3ZJ7VEp

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Many Japanese businesses aren’t at great risk of seeing skyrocketing wage increases, but that’s both good and bad news for the economy on.wsj.com/3Fl6Bzy

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Heard on the Street: Firms that retrench in places such as Southeast Asia, where e-commerce penetration is still relatively low, risk losing out to competitors that are able to grin and bear losses. on.wsj.com/3JhSrjY

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South Korean President Yoon Suk-yeol arrived in Tokyo for the first formal summit between the leaders of South Korea and Japan since 2011 on.wsj.com/3yIOwI8

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“Is Xi Jinping a good leader?” A Chinese chatbot product responded that the question “couldn’t pass a safety review.” on.wsj.com/3LutiFy

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North Korea fired an intercontinental ballistic missile hours before the first summit between South Korea and Japan in more than a decade on.wsj.com/42fZGl2

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Japan's prime minister visited Kyiv, coinciding with Chinese leader Xi Jinping's meetings with Putin in Moscow, showing how the war in Ukraine is affecting geopolitical alignments in Asia on.wsj.com/3JX3DDZ

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On Tuesday, Christie’s in New York sold Katsushika Hokusai’s “Under the Well of the Great Wave off Kanagawa” for $2.8 million–a new record high for the 1830-32 woodblock print. on.wsj.com/3JAdrTc

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Vladimir Putin and Xi Jinping have been cementing a decade-long bond, described by some analysts as a “strategic bromance” on.wsj.com/42wwtlZ

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The Justice Department charged South Korean crypto entrepreneur Do Kwon with fraud on Thursday as officials in Montenegro arrested the creator of the failed TerraUSD stablecoin on.wsj.com/3FMB0XY

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Saturday Essay: Haunted by memories of World War II, Japan and Germany have long avoided building up their militaries. Now rising threats from Russia and China, and doubts about U.S. leadership, are opening a new debate over rearming. on.wsj.com/3FTjwJl

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Adani founder’s sibling played a key role in activities questioned by a U.S. short seller; company says brother had no managerial role on.wsj.com/3z69UqX

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Heard on the Street: Toshiba’s sale was supposed to be a bookend to years of corporate governance reforms in Japan on.wsj.com/3zcqyVT

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Indonesia made a pitch for Russian tourists last year as Covid travel restrictions eased, but not everything has gone to plan on.wsj.com/3LTQixH