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Asian Currencies Trade Flat as Dollar Weakens in Thin New Year Trading 
U.S. Dollar Slides Toward Biggest Annual Loss Since 2017 as 2026 Risks Loom 
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes 
South Korea Exports Hit Record High as Global Trade Momentum Builds 
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Citi Forecasts a Volatile but Ongoing Bull Market for S&P 500 in 2026 
U.S. Stock Futures Slip as Year-End Trading Turns Cautious 
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Federal Reserve Begins Treasury Bill Purchases to Stabilize Reserves and Money Markets 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook 
China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry 
Japan and China are hopeful that the easing of border controls and compulsory 14-day quarantine requirements to expedite their economic recoveries.
The two countries started accepting visa applications for business travel despite a rapid resurgence of infections in Japan.
Under the agreement, both countries will exempt businesspeople on short-term visits from the usual 14-day quarantine period upon arrival.
However, they must test negative for the coronavirus and submit an itinerary in advance.
The requirements remain in effect for expatriates and other long-term residents.
Chinese Foreign Minister Wang Yi said the relaxation of travel restrictions will accelerate the pace of resumption of companies' manufacturing activities.
For his part, Japanese Foreign Minister Toshimitsu Motegi said he expects the resumption of travel to contribute to promoting human exchanges, despite coming under difficult circumstances.
Motegi and Wang reached an agreement to resume business travel by the end of this month.
Officials of major Japanese manufacturers welcomed the easing of border controls with China, saying they can move forward with product development, the launching of new projects, and capital investments that were stalled by the pandemic-triggered travel restrictions.
Airlines likewise welcomed the development.
An official of ANA Holdings Inc. said that they are hoping that full-scale traffic between the two countries is realized as soon as possible.
ANA Holdings' unit All Nippon Airways Co. will start flights between Japan and Shenzhen, China, in December.
China accounted for the largest number of Japan's foreign visitors in 2019.
According to data from the Japan National Tourism Organization, there were 9.59 million people that visited Japan last year, including about 370,000 for business.
