hello and welcome to asia business report. i'm arunoday mukharji. turning our attention to japan as we receive some numbers as the country has slipped into a recession, based on newly released growth figures that we were anticipating. for the final three months of the year, the economy shrunk 0.4% on an annualized basis. this could mean japan annualized basis. this could meanjapan has lost its spot as the world's third—largest economy. economists had predicted a disappointed reading means the value of japan's output would drop behind us in dollar terms. japan macro .com, neil, good to have you back on the programme come appreciate you joining us once again, now that we have the numbers, your initial thoughts as to what we've seen? it's not very helpful, to be honest. this was an important

release because it is a factor in the bank ofjapan�*s decision to raise rates or not. talked about for a long time and i think generally it had been a positive number but you know japan has slipped into a recession now, we seen figures, admittedly this is before revision, there won't be revision, there won't be revision to these numbers —— will be revision to these numbers, falling behind germany on output it is a us dollar base and the yen is extremely weak at the moment. thanks for change, but this is not helpful release. ~ . . change, but this is not helpful release. . ., ., , release. what are the options on a policy — release. what are the options on a policy level, _ release. what are the options on a policy level, neil, - release. what are the options on a policy level, neil, that. on a policy level, neil, that we could see japan adopting in the current circumstances? the biggest question at the moment is really about the currency. 150 to the dollar is extremely weak. japan imports most of its base energy requirement and 63% of its food, so a stronger currency at this point would actually help really on the day to day basis

of cost of living and that's something that really does need to be addressed. so i think probably what we are likely to see is if there is any continued further weakness in the yen, will see the ministry of finance instructs the bank of finance instructs the bank of japan to interviewing and markets as it has done before, but again this is not the long term fix, it never lasts very long. what is really needed here is a good argument for the bank ofjapan now to at here is a good argument for the bank of japan now to at least go to zero. remove the know overnight rate and go to zero, that would show a distinct change in the policy, the direction and that would strengthen the yen and basically push things in the right direction.— basically push things in the right direction. neil newman, appreciate — right direction. neil newman, appreciate you _ right direction. neil newman, appreciate you joining - right direction. neil newman, appreciate you joining us - right direction. neil newman, appreciate you joining us with j appreciate you joining us with your perspective, thank you very much for being with us on asia business report. the votes are in — and it's looking increasingly as though indonesia's defence minister and former military chief, prabowo subianto, has won wednesday's presidential election.

though the full result across the vast archipelago won't be known until next month, figures put him on 58%, more than twice his nearest rival. let's get the very latest from jakarta with my colleague, steve lai. he has been standing by and getting us regular updates from the ground there. steve, just take us through what you're seeing and the reactions as well. , ,., �* , seeing and the reactions as well. , �*, well. yes, so it's the day after the _ well. yes, so it's the day after the elections - well. yes, so it's the day after the elections that l after the elections that happened yesterday it was a public holiday and voting across the indonesian archipelago, life is sort of turning back to normal. the traffic is picking up in jakarta, people are getting back to work and getting on with business and that's where our focus is on this hour as well. the run—up the election well. the run—up the election we heard that economic growth fell slightly, lower than the government's target. that was due to exports and falling commodity prices, indonesia is

in a strong position, it is considered one of the fastest growing economies in the region, we'll get thoughts on that with a guest in just a moment, but here is what to be unto the said after, that it showed he was on course to win the presidency. translation: this victory must be the victory of the people of indonesia. prabowo—gibran and all of the indonesia forward coalition will embrace all elements and powers and become the president, vice—president, and government present for all the people of indonesia. strong words there from is to be unto, thanks forjoining me today. firstly i want to get your reaction, what will this presidency mean for indonesia's economy going forward's presidency mean for indonesia's economy going forwards it is come in continuation of policies, that means

infrastructure development, the continuation of the construction of the new capital city, but most important is basically over the last ten years, indonesia has enjoyed massive economic development. economic growth, a reduction in poverty— economic growth, a reduction in poverty and unemployment, and that is_ poverty and unemployment, and that is what the public has enjoyed, and they would like to see a _ enjoyed, and they would like to see a continuation of that development. now i, if you look at the _ development. now i, if you look at the markets are expecting, they— at the markets are expecting, they are — at the markets are expecting, they are expecting a one run election. _ they are expecting a one run election, they are happy with the one — election, they are happy with the one run election because there — the one run election because there is— the one run election because there is more certainty to it and — there is more certainty to it and markets are expected to rally — and markets are expected to rally if— and markets are expected to rally. if it'sjust and markets are expected to rally. if it's just a and markets are expected to rally. if it'sjust a one round election _ rally. if it's 'ust a one round erection.— rally. if it's 'ust a one round erection._ election. we are expecting . ivina election. we are expecting giving the _ election. we are expecting giving the numbers - election. we are expecting giving the numbers 57, - election. we are expecting giving the numbers 57, 50| election. we are expecting i giving the numbers 57, 50 896 giving the numbers 57, 50 8% that it won't go into a second round of voting. let me get your thoughts onjobs, you your thoughts on jobs, you mentioned your thoughts onjobs, you mentioned unemployment there, it's something that came up time and time again when we were speaking to people in indonesia, regularly young people. what are his plans for creating morejobs people. what are his plans for creating more jobs for young

people? creating more “obs for young --eole? , ., .y people? obviously the continuation _ people? obviously the continuation of - people? obviously the - continuation of infrastructure development will create employment, especially physical infrastructure. secondly emphasis on education, they would — emphasis on education, they would create the quality, higher— would create the quality, higher quality of indonesian labour— higher quality of indonesian labour force, that would create more _ labour force, that would create more value in terms of productivity and it would be good — productivity and it would be good for the competitiveness of the indonesian labour force as far as — the indonesian labour force as far as international competition is concerned. we 'ust not competition is concerned. we just got 20 — competition is concerned. - just got 20 seconds left, overall, you are more optimistic than pessimistic about the outlook? yes. respected economists here in indonesia, fell the axon, life and business is getting back to normal here in yesterday's pulling, we have to look and see how things get put into practice, as you turn heard him saying just now looking to be

the continuity candidate following footsteps of the previous president. thousands of ride—hailing and delivery workers in the us and the uk went on strike on valentine's day, calling for higher pay and other changes to their working conditions. the effort comes after a typo in lyft�*s earnings report triggered a more than 60%jump in its share price. the bbc�*s michelle fleury has more from new york. this past valentine's day, if you were heading out of town and needed a ride, or if you had plans to get food delivered in the us and uk, well you might have been affected. in america, uber and lyft drivers were refusing to pick customers up in ten cities. that's according tojustice for app workers, the group behind the action. in the uk, delivery drivers for uber eats deliveroo just eat. and stewart said they would turn off their apps and refuse deliveries between five and 10:00pm. the big reason is pay. they want fairer wages. take uber. it says it pays its drivers an average of $33 an hour, while lyft drivers

make $30.68 an hour. but this is for active driving time, and that's significant because it doesn't account for time spent waiting to pick up a passenger. when you take that into account. the hourly pay drivers say can be a lot lower. now, the valentine's day strike comes after the ceo of lyft was forced to apologize for an accounting error. shares of the ride hailing app soared more than 60% after it predicted it would grow by 5% this year, a huge amount for a company that has struggled to turn a profit. it later admitted that there was a typo and that the real increase would be ten times lower. the incident was viewed as an honest mistake rather than a case of securities fraud, with its shares closing up 35% despite that typo. the surge in shares is not all good news for lyft. some analysts say the company's forecast error could invite regulatory or legal scrutiny.

lyft�*s boss has since apogised for the mistake in an interview, calling it a "bad error", while adding that it was "one zero in a press release". police have fired tear gas at protestors at one of the state borders north of new delhi —— as clashes with indian farmers escalate. tens of thousands of farmers have been marching to the capital to demand guaranteed crop prices for their produce. farmers also want the government to double their income, waive loans and withdraw cases against them lodged during the last protests in 2021. this comes just months before national elections where prime minister narendra modi is widely expected to win a third term. authorities in indonesia have

imposed a $10 fee for foreigners entering the popular resort island of bali. its acting governor said the fee is aimed at protecting the island's culture and environment. the fee applies to all foreign travellers arriving in bali from abroad or other parts of indonesia. domestic tourists are exempt. the island has seen a number of incidents which have been and that's it for this edition of asia business report. thanks for watching. bbc news — bringing you different stories| from across the uk. russell coleman is at home with stone. but at his newcastle studio, an idea he had a decade ago is now starting to take shape. so this is my new big project and it's called drone.

this is a million drawings drawn over the next five years. by you, by me. each one is individual. so this is 1000 of on chinese paper for the chinese new year. but the idea is that a million people can own one big artwork. how long is it going to take you? five years, you say? yeah, five years. what does that mean? about 4000 a week. blimey. why are you doing it? it's a sort of antidote to the art world. so this one, we could have a million owners all owning this one artwork that will only ever exist once it's made. for more stories from across the uk, head l to the bbc news website. hey, i'mjulia

with the catch up. tonight... valentine strikes, desert hailstorms, and what would you buy with £3 billion? but first, whose responsibility is the wellbeing of uni students? natasha abraham took her own life in april 2018 while studying at bristol university. she suffered from chronic social anxiety disorder. ajudge found that the university had failed to make reasonable adjustments for her anxiety under the equality act. the university tried to appeal that decision, but it was rejected. her mum and dad made a statement after the ruling. she would have made an excellent physicist if only she hadn't been failed by the university so appallingly. if you were affected by anything raised in that story and you want access to support and information, you can go to the bbc action line page by visiting bbc.co.uk forwardslash action line. some other stories now. food prices have gone down for the first time in more than two

yea rs. crackers, cake and crisps as some of the things that have seen price drops. jeff bezos has sold more shares in his company amazon, this time worth more than 5.2 billion. and if he couldn't get a takeaway on valentine's day, here's why. food delivery drivers from the likes of uber eats and deliveroo have been on strike. they're demanding better pay and working conditions. and we'll leave you with 10 seconds of hail in the desert. have a look at this rare phenomenon that struck the uae. normally, it's a really dry climate, but people have been sharing videos of hailstones the size of rocks falling on their cars and their houses. that's it, you're all caught up now. see you!

hello and welcome to sportsday — i'm sarah mccarron. bayern beaten again — a chiro immobile penalty gives lazio the advantage in their last 16 champions league tie. england's ben stokes prepares to play india in the 100th test of his career. and could he be a future formula one world champion? we'll hear from mclaren�*s 0scar piastri ahead of the new season.

let's start with the champions league, where the woes continue for bayern munich. after losing to rivals bayer leverkusen in the bundesliga last weekend, they were disjointed in rome. they went down to ten men and conceded a penalty, to lose 1—0 to lazio. bayern didn't have a single shot on target, and the performance will do nothing to help embattled coach thomas tuchel. ian dennis has more from the italian capital... wire and have lost back—to—back games for the first time in just overfour years as games for the first time in just over four years as they laboured against lazio. they had 17 shots during the game, but none were on target. the