tv Asia Business Report BBC News February 10, 2017 1:30am-1:46am GMT
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with world news. the federal ‘s appeals court in the us has refused to reinstate the travel ban from seven mainly muslim countries entering the us. mrtrump band had mainly muslim countries entering the us. mr trump band had two states arguing it was unconstitutional. the president has tweeted, see you in court. the japanese prime minister has arrived for a summit with the us president. it is thought shinzo abe will look at japanese investments in america. and she ending on bbc... archaeologists have found a cave which once housed the dead sea scrolls in thejudaea and desert. —— judaic and desert. our top uk stories... the government as defendant the scheme about
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immigrants after being criticised. now for asia business report. golf diplomacy, the japanese prime minister tees off to negotiate with president donald trump. we speak to singapore education minister as the country tries to reinvent its workforce. welcome to asia business report live from singapore. the much anticipated meeting betweenjapan‘s prime minister and the us president donald trump takes place later today. she and the other is the first asian leader to meet the
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president. —— shinzo abe. he also was the first to congratulate him in person on the victory. he comes bearing gifts. trade relations topped the agenda and he has reportedly put together a plan that will see japanese companies help create 700,000 usjobs including japanese investment in infrastructure projects such as high—speed trains. we have heard from toyota, sharp and softbank which said that they will build factories and create jobs which said that they will build factories and createjobs in which said that they will build factories and create jobs in the which said that they will build factories and createjobs in the us and more companies are expected to announce new investments as well. what does mr abe want in return. 0ne was japan so nervous about the trump residency? during the campaign, donald trump talked a lot about china and slapping tariffs on
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chinese goods and china stealing us jobs. what has that been in the past double of months was trump conflating china's problem with japan how japanese automakers are being unfairto us japan how japanese automakers are being unfair to us automakers and talked about how the yen, in his view, is undervalued and in many ways it is about heading off a trade war. president trump does decide to devalue the dollar in washington, dc, you see this kind of a very big effort from prime minister abe said we are creating jobs and opportunities for the us. we are not the enemy. will it work? mr abe congratulated him back in november
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but it did not stop mr trump from criticising toyota in his tweets. but it did not stop mr trump from criticising toyota in his tweetslj think president trump is realising from his visor is that us needs japan as much as japan needs the us. with north korea and china, the us needs japan. in the long run, with north korea and china, the us needsjapan. in the long run, i think it could be a problem. when raymond —— when prime minister abe... he basically cancelled tpp and since then has accused japan of being a currency manipulatorjust like china. mr trump has claimed japan is making it difficult for japan. president donald trump says it is
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not fair, americans by millions of japanese cars every year and japanese cars every year and japanese by hardly any american cars and he is right. last year only 13,000 american cars were sold here injapan so why is it the japanese do not buy american cars like this one? (music playing). it is not just it is notjust that it is not just that this it is notjust that this car is you 1: ;—:5, on for??} the n... , , t '2 t 7,7 "% is t t? t t,t 't% is double consumptlonjsjboutjoubleauhatihe
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‘might be. consumptlonjsjboutjoubleauhatihe ‘ might be. injapan, japanese car might be. injapan, these tiny little cars cannot be more than one and a half metres wide and the engine can only be 660 cc and the engine can only be 660 cc and they sell tons of them. 1.7 million last year. 40% of all cars sold in japan. this million last year. 40% of all cars sold injapan. this is much better. it is actually not true that japanese people do not buy foreign cars. take a look at this street — mercedes, another mercedes and look, another mercedes and are bmw and in here, look, a bmw. 0f another mercedes and are bmw and in here, look, a bmw. of course, they are not american cars — all germans.
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and i understand you have owned an american car? yes i did. and then i liked how it looked but when i started driving i felt like liked how it looked but when i started driving ifelt like it was cheap and i do not feel safe and also it is not as good as a german car. japan charges no import tax on a carlike car. japan charges no import tax on a car like this. america charges 25% import tax on japanese a car like this. america charges 25% import tax onjapanese cars so maybe to suffer a america to stop complaining and learn from the germans. japanese companies are not the only one fifa to be the target of president trump's tweet. he has almost 25 million followers and the social media platform gets lots of
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attention with him announcing policies, denouncing critics and pressuring companies. twitter reported yet another loss over $170 million in the last quarter. the shares fell by 12%. ask first mentality is a big threat facing the singapore economy according to a new government report outlining what the small island nation needs to do to stay competitive. some key strategies included train workers to have the right skills and build stronger business ties overseas. i asked the minister of education what skills are lacking in the workforce. what is required going forward is that everyone every worker to be able to find your niche, your passion, your interest and then
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master that craft. it is a lifelong process. in that process, i think understanding digital economy, able to fit in a digital place will be critical. that applies to every field. even if you are a chef, you continue to cook well but you must be able to process each payment, receive eu orders and be comfortable in that environment. it is about many parts, many parts to success and then been very good at what you are doing. the other thing you report mentions is how singapore must deepen global ties but as we have been talking about, protectionism is on the rise in the us and europe — how do you plan to achieve that? this sudden protectionist flavour moving around the world but if you think about it carefully, the world is still globalising. the tide has not been
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abated all subsided stop white? because it is driven by technology. you cannot stop the internet, jet air planes flying all over the world, you cannot stop news being broadcast, information being so available, you cannot stop people on the go wanted to go in emerging markets, to develop their business. i think that trend is still there and singapore always relies on that trend to make ourselves a good living. since the new us president has taken office, it is that to say tensions between the us and china have been rising. singapore has so far managed to maintain a gap between the two powers but is that the trump administration making it difficult? it is early days. he is difiegg'xéz seesifitiézae political... ., the secretary
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appointees. so far, the secretary of state i'm and are sha-5.1555, state i'm and others are characters we know very well. we are happy to work with them. would you say the trump residency is destabilising the region? it is uncertain for now. we have to watch it carefully. china — us relations are absolutely critical for the whole world. the markets befall we go, asian shares trading higher, trading cues from the u s. thank you for watching. the main stories: a setback for donald trump as a us appeals court has maintained the suspension of the travel ban. as the catholic church
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in the philippines condemns killings in the philippines condemns killings in the countries war on drugs, there are people speaking out speaking out against president rodrigo duterte's ha rd against president rodrigo duterte's hard tactics. if you were a man born after 1980, you will be lucky to an as much as you are bad that is according to new research that suggests so—called lineal men will and a total of £12,500 less than their fathers by the time they reach 30. women in contrast have moved into higher paying roles. how do you put a spring into the step of a generation that supposedly has it all except for pay? the millennial spawn between 1981 and 2000 whose ups have apparently outnumbered their downs. but the young men especially, the truth is, they are
quote
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the first to fall behind the previous generation. take matt, his 24 previous generation. take matt, his 2a and 19—year—old ben. they found rewarding jobs but admit they cannot match what their mum and dad had. my dad managed to get himself a well earned job and has been in it for his life. i have been through for a five jobs his life. i have been through for a fivejobs for his life. i have been through for a five jobs for getting his life. i have been through for a fivejobs for getting a his life. i have been through for a five jobs for getting a job i his life. i have been through for a fivejobs for getting a job i happy with. it needs to be looked into. it is harder for us. it sets us off to a slow start. to give you an idea of just how tough it has been for these millennial is, take a look at this. a 40% decrease in the number of young men working in manufacturing. 45% rise in young men working in low—paid jobs like retail. 0ver role, they are something like £4000 less tha n role, they are something like £4000 less than the generation that came before them. it is the disappearance
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of high skills, high paid jobs of the past that have driven at these trends. a report says women have bucked the trend, moving into better jobs. but what about the parents of millennial men? should young men be earning more than their parents? you would have thought so in this day and age, really. things are supposed to get better in the world. everybody expects the kids to do better than the previous generation, don't they? many believe today's young people are overrewarded in life but it seems that millennial is can sometimes mean minimal. duncan kennedy, bbc news, southampton. welcome to the bbc sports centre.
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is it isita is it a bird, is ita bird, is ita plane? no, a man on a bicycle. bangladesh are playing a test match against india could be working at amonde in the field, unless they get an early breakthrough. virat kohli not out on 111 . breakthrough. virat kohli not out on 111. india will be enjoying what they might consider a warmup for games to come. this test
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