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tv   Asia Business Report  BBC News  February 15, 2024 1:30am-1:45am GMT

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the country has slipped into a recession based in figures. the economy shrank 0.4% on a yearly basis than many had expected it would. this means it is in a recession because it had two successive quarters of contraction and it could cost japan its spot as the world's third largest economy. economists predicted that dismounting reading would mean the value ofjapan�*s dismounting reading would mean the value of japan's output would fall behind germany and us dollar terms. a strategist gave me a break down on numbers. well, ithink gave me a break down on numbers. well, i think the first thing quickly to mention is how it is important. we look
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at them but — is how it is important. we look at them but we _ is how it is important. we look at them but we don't - is how it is important. we look at them but we don't read - is how it is important. we look at them but we don't read too | at them but we don't read too much into them because we do see revisions come through but what is important about this one is it will influence the bank ofjapan, i believe, when they come to talk about the change, potential change in their policy in the next policy meeting. and, of course, the boj and the mof having a very close eye on the markets at the moment, the last time i looked, the dollar was trading at 150. this is one contributing factor. but it looks as if there will be a positive move in the gdp numbers and expansion from that further surprising collapse in the last quarter. consensus is thus .2% for the quarter on quarter number we should be about 1.1% for the year and i think anything over that will be actually very positive but that kind of level would, i think, add a layer of comfort to perhaps the decision to raise rates by the bank.— perhaps the decision to raise rates by the bank. what does this mean — rates by the bank. what does this mean for— rates by the bank. what does
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this mean forjapan _ rates by the bank. what does this mean forjapan overall i rates by the bank. what does| this mean forjapan overall as it threatens to lose its spot as the third largest economy? very briefly, i don't think it makes an awful lot of difference because the problem is when you are comparing what economies they do it on a dollar base which doesn't really reflect what is going on in japan so if really reflect what is going on injapan so if you look during a period of time the economy, the gdp actually shrank from 6.3 trillion to 4.2 but, of course, the starting point, the game was at $80, 80 yen to the dollar and finishing at 145 so it really is not sort of so important. i think what is so important. i think what is so important is there is growth domestically. figures on 58% more, than his
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rival. let's get the latest from my colleague reporting out of jakarta. from my colleague reporting out ofjakarta. good to have from my colleague reporting out of jakarta. good to have you from my colleague reporting out ofjakarta. good to have you on the programme. take as do reactions. thanks very much. really looking in favour. the action the ground he has been very celebratory.— action the ground he has been very celebratory. when we were last niuht very celebratory. when we were last night at _ very celebratory. when we were last night at the _ very celebratory. when we were last night at the went _ very celebratory. when we were last night at the went to - last night at the went to celebrate with his supporters, obviously, those that are contesting the results, the other candidates might feel differently but it is the day after the elections, life is getting back to normal, it is no longer public holiday. a couple things i want to tell you about. it is alleged economy and considered one of the regions fastest growing economies. in the lead up to the election there was economic out that indicated that economic growth had fallen slightly. that was due to... will that change in the year
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ahead? we'll have to wait and see but after surging ahead he was in a confident mid last night. was in a confident mid last niuht. , . ., , , was in a confident mid last niuht. , _,y , , night. this victory must be the victory of _ night. this victory must be the victory of the _ night. this victory must be the victory of the people _ night. this victory must be the victory of the people of- victory of the people of indonesia. all of the indonesia forward — indonesia. all of the indonesia forward coalition will embrace all elements and powers and become _ all elements and powers and become the president, vice president in government, present— president in government, present for all the people of indonesia. to present for all the people of indonesia.— present for all the people of indonesia. ., ., indonesia. to get some reaction to what has _ indonesia. to get some reaction to what has been _ indonesia. to get some reaction to what has been evolving - indonesia. to get some reaction to what has been evolving herel to what has been evolving here over the past 24 hours a spate of a respected economist and i asked him what ahead for the country and the economy. 0ver country and the economy. over the last ten years indonesia enjoyed massive economic development, economic growth, reductions in poverty and unemployment and then what the
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public has enjoyed and they would like to see a continuation of that development. it continuation of that development. continuation of that develoment. , ., ., development. if you look at what the — development. if you look at what the markets _ development. if you look at what the markets are - development. if you look at - what the markets are expecting, of course, — what the markets are expecting, of course, they— what the markets are expecting, of course, they expect _ what the markets are expecting, of course, they expect a - what the markets are expecting, of course, they expect a one - of course, they expect a one rung — of course, they expect a one rung elections— of course, they expect a one rung elections and _ of course, they expect a one rung elections and they - of course, they expect a one rung elections and they are i rung elections and they are happy— rung elections and they are happy with— rung elections and they are happy with one _ rung elections and they are happy with one rung - rung elections and they are . happy with one rung elections because — happy with one rung elections because there _ happy with one rung elections because there is _ happy with one rung elections because there is more - happy with one rung elections i because there is more certainty to it _ because there is more certainty to it and — because there is more certainty to it and markets _ because there is more certainty to it and markets are _ because there is more certainty to it and markets are expected i to it and markets are expected to it and markets are expected to rally — to it and markets are expected to rally if — to it and markets are expected to rally if it _ to it and markets are expected to rally if it is— to it and markets are expected to rally if it isjust _ to it and markets are expected to rally if it isjust one - to rally if it isjust one round _ to rally if it isjust one round election. - to rally if it isjust one round election.- to rally if it isjust one round election. given the numbers. _ round election. given the numbers, 57, _ round election. given the numbers, 57, 50 - round election. given the numbers, 57, 50 896 - round election. given the numbers, 57, 50 896 of. round election. given the i numbers, 57, 50 896 of the round election. given the - numbers, 57, 50 896 of the memo numbers, 57, 50 8% of the memo that won't go to a second round of voting. your thoughts on jobs. you mentioned unemployment there. there is something that came up time and time again when we were speaking to people in indonesia, particularly young people. what are the plans for creating morejobs people. what are the 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 _ continuation of infrastructure development. it— continuation of infrastructure development. it will- continuation of infrastructure development. it will create l development. it will create employment _ development. it will create employment especially - development. it will create - employment especially physical infrastructure. _ employment especially physical infrastructure. the _ employment especially physical infrastructure. the emphasis i employment especially physicalj infrastructure. the emphasis on education. _ infrastructure. the emphasis on education, that— infrastructure. the emphasis on education, that would _ infrastructure. the emphasis on education, that would create . education, that would create higher— education, that would create higher quality— education, that would create higher quality of— education, that would create higher quality of labour- education, that would createl higher quality of labour force that would _ higher quality of labour force that would create _ higher quality of labour force that would create more - higher quality of labour force that would create more value higher quality of labour force i that would create more value in terms _ that would create more value in terms of— that would create more value in terms of productivity _ that would create more value in terms of productivity and - that would create more value in
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terms of productivity and that l terms of productivity and that would — terms of productivity and that would he _ terms of productivity and that would be good _ terms of productivity and that would be good for— terms of productivity and that would be good for the - would be good for the competitiveness - would be good for the competitiveness of. would be good for thei competitiveness of the indonesian _ competitiveness of the indonesian labour- competitiveness of the l indonesian labour force competitiveness of the - indonesian labour force as far as international— indonesian labour force as far as international competition l indonesian labour force as far| as international competition is concerned _ as international competition is concerned we _ as international competition is concerned we are _ as international competition is concerned we are just - as international competition isl concerned we are just wrapping up concerned we are just wrapping up our— concerned we are just wrapping up our coverage _ concerned we are just wrapping up our coverage here _ concerned we are just wrapping up our coverage here and - concerned we are just wrapping up our coverage here and i- concerned we are just wrapping | up our coverage here and i have to say— up our coverage here and i have to say being _ up our coverage here and i have to say being on _ up our coverage here and i have to say being on the _ up our coverage here and i have to say being on the ground - up our coverage here and i have to say being on the ground he . to say being on the ground he has really— to say being on the ground he has really been _ to say being on the ground he has really been quite - to say being on the ground he has really been quite an- has really been quite an eve-opener— has really been quite an eye—opener for- has really been quite an eye—opener for me - has really been quite an eye—opener for me to. has really been quite an. eye—opener for me to see has really been quite an- eye—opener for me to see such a democracy— eye—opener for me to see such a democracy and _ eye—opener for me to see such a democracy and such _ eye—opener for me to see such a democracy and such a _ eye—opener for me to see such a democracy and such a large - democracy and such a large scale — democracy and such a large scale being _ democracy and such a large scale being carried - democracy and such a large scale being carried out - democracy and such a large scale being carried out andl scale being carried out and there — scale being carried out and there is— scale being carried out and there is a _ scale being carried out and there is a lot _ scale being carried out and there is a lot of— scale being carried out and there is a lot of optimism i there is a lot of optimism especially— there is a lot of optimism especially the _ there is a lot of optimism especially the young - there is a lot of optimism . especially the young people there is a lot of optimism - especially the young people who really _ especially the young people who really drove _ especially the young people who really drove to _ especially the young people who really drove to the _ especially the young people who really drove to the likely - really drove to the likely presidencv _ really drove to the likely presidency-— really drove to the likely residen . , , really drove to the likely residen. , , , presidency. those numbers, 5796 are really quite _ presidency. those numbers, 5796 are really quite high _ presidency. those numbers, 5796 are really quite high when - presidency. those numbers, 5796 are really quite high when you i are really quite high when you consider the other candidates trailing far behind in 20 plus percentjust on the teams as well. that is it from me here in jakarta. well. that is it from me here injakarta-— well. that is it from me here in jakarta. thank you for your coverage- — in jakarta. thank you for your coverage. let's _ in jakarta. thank you for your coverage. let's take - in jakarta. thank you for your coverage. let's take it - in jakarta. thank you for your coverage. let's take it to - coverage. let's take it to india now where the police fired tear gas at protesters at
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one of the state borders north of the capital city. those were some of the scene that played out just around the some of the scene that played outjust around the capital city around the borders. you can see chaos as the police clashed with indian farmers. 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, way above their loans and also withdraw the police cases filed against them during the last protest in the year 2021. and this significantly comesjust months 2021. and this significantly comes just months before national elections where the prime minister is widely expected to win a third term and indian farmers do from a very significant political voting block. thousands of right healing and delivery workers in the us and united kingdom went on strike on valentine's day calling for higher pay and other changes to their working conditions. now, their working conditions. now, the effort comes after a typo in an earnings report triggered more than 60%jump in
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in an earnings report triggered more than 60% jump in the share price. the bbc plans that correspond it has more from new york. this past valentine's day if you are heading out of town and needed a ride or if you had food delivered in the us and uk, well, you might have been effective at up in america, drivers were refusing to pick customers up intensities. that is occur to them according to the group behind the action put up the group behind the action put up in the uk delivery drivers said they will turn off their apps and refuse deliveries between five and 10pm. the big reason is paid. they want fairer wages. take a bow. it says it pays its drivers an average of $33 an hour. while lift drivers make $30.68 an hour. but this is for active driving time and that is significant because it does not account for time waiting to pick up a passenger. when you take that into account, the hourly pay driver say can be a lot lower. the valentine's day
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strike comes after the ceo was forced to apologise for an accounting error. shares 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 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 shares closing up 55% despite that typo. space by has moved its legal home to texas according to a post by elon musk. he said he recommends moving to another state as soon as possible. this comes after a judge in delaware voided his test that compensation package last month
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and if you are heading to bali anytime soon it is likely have to pay a $10 tourist tax that authorities say any foreigners arriving into the popular tourist resort island will have tourist resort island will have to pay the fee with the funds going towards protecting the culture and environment. in recent years there was have complained of the number of incidents involving foreign tourists. that is all for the moment but do stay on with bbc news. bbc news — bringing you different stories from across the uk. using these to help save the life of somebody who has been stabbed, well, that is new. with everything that is
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happening in bristol, with the increase in knife crime, we felt it really, really important the staff were trained to use the kits. i am shocked _ trained to use the kits. i am shocked at _ trained to use the kits. i am shocked at the _ trained to use the kits. i am shocked at the amount - trained to use the kits. i am shocked at the amount of i shocked at the amount of coming, _ shocked at the amount of coming, damage a knife can cause — coming, damage a knife can cause. you know, you do see it, just— cause. you know, you do see it, just skin — cause. you know, you do see it, just skin but _ cause. you know, you do see it, just skin but internally you just— just skin but internally you just don't know. it just skin but internally you just don't know.— just don't know. it is quite sca . just don't know. it is quite scarv- l— just don't know. it is quite scary. i think _ just don't know. it is quite scary. i think it— just don't know. it is quite scary. i think it is- just don't know. it is quite scary. i think it is a - scary. i think it is a progression- scary. i think it is a progression and i scary. i think it is a - progression and follow on scary. i think it is a _ progression and follow on from the normal— progression and follow on from the normal first— progression and follow on from the normal first aid _ progression and follow on from the normal first aid training - the normal first aid training that— the normal first aid training that we _ the normal first aid training that we have _ the normal first aid training that we have thought - the normal first aid training that we have thought of- the normal first aid training that we have thought of it i the normal first aid training | that we have thought of it is really — that we have thought of it is really prevalent _ that we have thought of it is really prevalent now, - really prevalent now, unfortunately. - really prevalent now, i unfortunately. working really prevalent now, - unfortunately. working with students _ unfortunately. working with students on _ unfortunately. working with students on a _ unfortunately. working with students on a regular- unfortunately. working withj students on a regular basis. unfortunately. working with . students on a regular basis. it itii-i'it students on a regular basis. might be something that we students on a regular basis.- might be something that we need to be aware of. the kits are becoming a more familiar sight and they do contain everything that you need to first aid to someone who is losing blood. you do need to know how to use them but applying pressure to stop any further blood loss really can help save a life. for more stories from across the uk had to the bbc news
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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.
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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 £3.2 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
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— 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
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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... they have lost back—to—back 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 match hinged on a penalty decision midway through the second half, ricardo sent off for a file on e 60, and cheer him up 11, converted the spot kick. would lazio stick or kick against the ten men? they seemed content, though pedro had to save light on. squandered a chance at the start of the second half. still a huge result for the underdogs, the
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pressure building on byron and thomas google.

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