concerns escalate as japan's

economy slipped into recession. one presidential candidate has claimed victory in indonesia's elections. asia's largest economy. hello and welcome to asia business report. 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, this could meanjapan has lost its spot as the world's third—largest economy. behind us in dollar terms. 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 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. what are the options on a policy level, neil, that we could see japan adopting in the current circumstances? the fact that hundred 50 yen to the fact that hundred 50 yen to the dollar it is extremely weak and this is bad because japan imports 94% of its base energy requirements and 62% of its

food so a strong currency at this point would actually help, really, day to day basis, the cost of living.— cost of living. that is something _ cost of living. that is something that - cost of living. that is| something that really cost of living. that is - something that really does cost of living. that is _ 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 we will see the ministry of finance and stroked the bank ofjapan to intervene in the markets, as they have done before. but again, this is not long—term fix. it never lasts very long. what is really needed here is a good argument for the bank ofjapan now to at least go to zero, remove the negative overnight rate and go to zero. that would show a distinct range in their policy, their direction and that would strengthen the yen and get things in the right direction. the markets do not appear to have reacted to that data. the index has been on a winning

street. the index has been on a winning street. 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. that can't really looking in favour. those contesting the results, the other candidates might feel differently about life is getting back to normal here. it is no longer a public holiday put up a i want to tell you about indonesia. it is southeast asia's largest economy and considered one of the fastest—growing economies. in the lead up to the election

there was economic data that came out indicated the economic growth had fallen slightly to 5.05%. that was due mainly to contracting exports and falling commodity prices. that change in the year ahead under a presidency? we will have to wait and see but after surging ahead in the count yesterday he was in a confident mood when he addressed supporters last night. addressed supporters last niuht. , . ., , , addressed supporters 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 indonesian forward coalition will embrace all elements and powers— will embrace all elements and powers had become the president, vice president and government, present for all the people — government, present for all the pe0ple of— government, present for all the people of indonesia. to government, present for all the people of indonesia.— people of indonesia. to get some reaction _ people of indonesia. to get some reaction to _ people of indonesia. to get some reaction to what - people of indonesia. to get some reaction to what has l people of indonesia. to get - some reaction to what has been evolving here over the past 2a hours i spoke to a respected economist here in indonesia and i asked him what lies ahead for the country and the economy.

over the last ten years indonesia _ over the last ten years indonesia has- over the last ten years indonesia has enjoyedl over the last ten years - indonesia has enjoyed massive economic— indonesia has enjoyed massive economic developments, - indonesia has enjoyed massive - economic developments, economic growth, _ growth, reductions in poverty and unemployment _ growth, reductions in poverty and unemployment and - growth, reductions in poverty and unemployment and that. growth, reductions in povertyl and unemployment and that is growth, reductions in povertyl and uner public ent and that is growth, reductions in povertyl and uner public has and that is growth, reductions in povertyl and uner public has enjoyed is growth, reductions in poverty. and uner public has enjoyed and what the public has enjoyed and they would _ what the public has enjoyed and they would like _ what the public has enjoyed and they would like to _ what the public has enjoyed and they would like to see _ what the public has enjoyed and they would like to see a - they would like to see a continuation _ they would like to see a continuation of- they would like to see a continuation of that - continuation of that development. - continuation of that development. if. continuation of that| development. if you continuation of that - development. if you look at what — 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- are - rung election and they are happy— rung election and they are happy with— rung election and they are happy with one _ rung election and they are happy with one round - rung election and they are - happy with one round election because — happy with one round election because there _ happy with one round election because there is _ happy with one round election because there is more - happy with one round election i because there is more certainty to attend — because there is more certainty to attend the _ because there is more certainty to attend the markets - because there is more certainty to attend the markets are - to attend the markets are expected _ to attend the markets are expected to _ to attend the markets are expected to rally. - to attend the markets are expected to rally. if- to attend the markets are expected to rally.- expected to rally. if it is 'ust expected to rally. if it is just one _ expected to rally. if it is just one round - expected to rally. if it is just one round of - expected to rally. if it is i just one round of election. yes, we are expecting mcgivern numbers, 5758% of the moment but it won't go to a second round of voting was about want to your thoughts and jobs. you mentioned unemployment there. something that came up time and time again, particularly young people. what are its plans for creating morejobs people. what are its plans for creating more jobs for young people. creating more “obs for young --eole. , ., _ people. obviously, the continuation _ people. obviously, the - continuation i infrastructure continuation of infrastructure development _ continuation of infrastructure development will— continuation of infrastructure development will create - development will create employment, _ development will create employment, especially development will create - employment, especially physical infrastructure. _ employment, especially physical infrastructure. secondly, - infrastructure. secondly, emphasis _ infrastructure. secondly, emphasis on _ infrastructure. secondly, emphasis on education, i infrastructure. secondly, - emphasis on education, that

will create _ emphasis on education, that will create higher— emphasis on education, that will create higher quality- emphasis on education, that will create higher quality of. will create higher quality of indonesian _ will create higher quality of indonesian labour- will create higher quality of indonesian labour force - will create higher quality of. indonesian labour force that would — indonesian labour force that would create _ indonesian labour force that would create more - indonesian labour force that would create more value - indonesian labour force that would create more value in. would create more value in terms _ would create more value in terms of— would create more value in terms of productivity - would create more value in terms of productivity and l would create more value in. terms of productivity and that would — terms of productivity and that would he _ terms of productivity and that would be good _ 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 yesterday we saw shares dip after a hotter than expected read in prices. it was a tad higher than most people were expecting and the market responded to that. but i think it is a tremendous mistake to focus on minor fluctuations in and to fail to see the longer term and bigger trend. and the trend here

is that inflation is moving decisively down. and so we're going to show that pragmatic and still have the resources to invest in the education of our. we did have a burst of inflation, clashes between farmers and police forces took place. clashes between farmers and police for marching lace. clashes between farmers and police for marching to e. clashes between farmers and police for marching to demand had been marching to demand guarantee had been marching to demand guaran their 5; m..- a” , —~—~7—” 7— had been marching to demand guaran their income, 7— , —~—~7—” 7— had been marching to demand guaran their income, wave ~—~7—” 7— had been marching to demand guaran their income, wave loans w, a— double their income, wave loans and also cases that have been filed against them during that last protest we saw in 2021. prime minister narendra modi is widely expected to win a third 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 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.

a message for the founders of companies in delaware saying he recommends moving to another state as soon as possible. this comes after a judge in delaware voided his $56 billion tester compensation package last month. if you're heading to bali anytime soon it is likely you will have to pay a tourist tax. authorities say any foreigners arriving into the popular resort island will have to pay their fee where the funds towards protecting the culture and environment. in recent years locals have complained of a number of incidents of foreign tourists misbehaving or even disrespecting their culture. that is up for the moment on this but do stay on with bbc news. thanks for watching.

each one is individual. this set is 1000 on chinese paper, for the chinese new year. the idea is that a million people can own it. how is it going to take you? five years? what does that mean. 4000 a week. blimey. why are you doing it? it is a sort of antidote to the why are you doing it? it is a sort of so :idote to the why are you doing it? it is a sort of so this e to the why are you doing it? it is a sort of so this one, he why are you doing it? it is a sort of so this one, because

why are you doing it? it is a sort of so this o artwork, se why are you doing it? it is a sort of so this o artwork, and will only ever exist once it is made. for more stories from across the uk had to the bbc news website. hey, i'mjulia with the catch up. tonight... valentine strikes, desert hailstorms, 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 £3.2 billion. and if he couldn't get a takeaway on valentine's day, here's why. food delivery drivers from the likes 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. but people have been sharing videos and their houses. that's it, you're

all caught up now.

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