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 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 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 150 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. 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 streak. 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 really looking in favour. obviously those contesting the results, the other candidates might feel differently but it is the day after the elections. life is getting back to normal here injakarta. just a couple of things i want to tell you about. it is southeast asia's largest economy and is considered to be one of the region's fastest growing economies. in the lead up to the election there was an economic data came out that indicated that economic growth had fallen slightly. that was due mainly to falling commodity prices. that change in the year ahead? we will have to wait and

see but after surging ahead in the county yesterday he was in mood when he addressed supporters last night. this victory must be the victory of the people of indonesia. all of the indonesian forward coalition will embrace all elements and powers had become the president, vice president and government, present for all the 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 has enjoyed massive economic developments, economic growth, reductions in poverty- and unemployment and that is. what the public has enjoyed and they would like to see a continuation of that| development. if you look at what the i markets are expecting, of course, they expect a one

rung election and they are l happy with one round election i because there is more certainty to attend the markets are expected to rally. | if it isjust one . round of election. yes, we are expecting, given the numbers, 57—58% 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, young amongst people. what are the plans for creating more jobs for young people. obviously, the continuation of infrastructure _ development will create - employment, especially physical infrastructure. secondly, emphasis on education, that. will create higher quality- of indonesian labour force that would create more value in. terms of productivity and that would be good for thei competitiveness of the indonesian labour force as far|

as international competition is concerned. 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. meanwhile — staying the us — the treasury secretary janet yellen has tried to appease investors that inflation is coming down ? and rate cuts are coming.

yesterday we saw shares dip after a hotter than expected read on the country's prices. take a listen to what she had to say. 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, really.

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 this 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. he recommended companies in delaware — he recommended companies in delaware to— he recommended companies in delaware to move _ he recommended companies in delaware to move to _ he recommended companies in delaware to move to another. delaware to move to another state — delaware to move to another state as _ delaware to move to another state as soon _ delaware to move to another state as soon as _ delaware to move to another state as soon as possible. i delaware to move to another. state as soon as possible. this is coming _ state as soon as possible. this is coming up _ state as soon as possible. this is coming up to— state as soon as possible. this is coming up to a _ state as soon as possible. this is coming up to a judge - state as soon as possible. this is coming up to a judge in - is coming up to a judge in delaware _ is coming up to a judge in delaware voided - is coming up to a judge in delaware voided his - delaware voided his compensation - delaware voided his i compensation package delaware voided his - compensation package last month _ 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 described as foreign tourists misbehaving or disrespecting its culture in recent years. and that's it for this edition of asia business report. thanks for watching. recently it has turned soured for many. they bought their two—bedroom flat at the mccarthy stone complex seven years ago to be closer to their children but the annual service charge kept rising and this year it went up by more than 15%. year it went up by more than 1596. ' , year it went up by more than 1596. ~ , , year it went up by more than 1596. g , ., year it went up by more than 1596. g ., ., ~ 1596. my husband and i worked all those years _ 1596. my husband and i worked all those years and _

1596. my husband and i worked all those years and our- 1596. my husband and i worked | all those years and our pension is going into mccarthy stone's shareholders pockets. that is going into mccarthy stone's shareholders pockets.- shareholders pockets. that is what angers _ shareholders pockets. that is what angers me _ shareholders pockets. that is what angers me most, - shareholders pockets. that is what angers me most, i - shareholders pockets. that is| what angers me most, i think. shareholders pockets. that is i what angers me most, i think. i spoke to one man who did not want to appear on camera but he told me his father had love diving at oakfield court but since his death two years ago at the family still have not been able to sell the one—bedroom flat and all that time they've had to pay service charge and ground rent equalling about £18,000. they've also had to drop the sale price by £30,000. mccarthy stone told me that the service charges for the running costs including staffing, a full—service restaurant and specialist care and support. they added that their costs had gone up as with many things because of inflation and mccarthy stone made no profit from the service charges. for more stories from across the uk head 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 £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 — 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 oscar 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... 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.