the g7 summit wraps up in hiroshima. the group said it would pare back exposure to the world's second biggest economy. plus, if you've ever wanted to own a watch belonging to the last emperor of china, here is your chance. welcome to asia business report. our top story, leaders from some of the worlds richest countries have wrapped up richest countries have wrapped up their annual meeting in the japanese city of hiroshima. the g7 also welcomed a surprise

guest, ukrainian president is a political organisation but this years summit was dominated by economics that it was at the very heart of any news that the leaders discussed this weekend, ukraine and china. i will start with a crane. before the summit even kicked off on friday the us introduced a raft of measures targeting russia, 300 sanctions aimed at restricting moscow's ability to source battlefield materials. the uk then followed suit, having introduced an import ban on russian diamonds, copper, aluminium, nickeland russian diamonds, copper, aluminium, nickel and then the g7 leadersjointly aluminium, nickel and then the g7 leaders jointly agreed on a statement that said they would continue to impose sanctions, tighten them, and specify the need to crack down on sanctions and evasions, the use of third—party countries as a loophole for russia to get

around these restrictions. they also acknowledge the fact, separately to the joint statement that there would be a need to utilise the so—called outreach countries in the global south countries like india for example, because the sanctions put in place have hurt russia, but the war machine carries on. india for example has ramped up the acquisition of russian oil than the g7 countries in the western countries alone cannot hurt ray nash —— russia financially enough and speaking about it and then getting them on board and then getting them on board and a practical sense, ones that have not even condemned the invasion of russia will be the invasion of russia will be the big challenge. when it comes to china, the leaders issued a joint statement on chinese economic coercion, the notion that china utilises its vast economic power, weaponised is it in order to get smaller countries to fall in line. the difference between outlining

the concern and doing something about it is the tricky bit for these countries and the us wants to go in hard heavy on investment and in china all kinds of export bans but the reality for most countries is you cannot break off ties with the world's second largest economy. china is the eu's trading partner so a new word started popping up this weekend, the concept of de—risking and moving supply change away from china and moving your dependency on the economy away. a compromise slightly but beijing's new this was a smear and that the original economic coercion was coming from the us. a meeting of countries in the quad, the us, japan, australia and india, took place on the sidelines of the g7 in hiroshima and it came after china announced plans to increase its defence spending

by 7%. | increase its defence spending by 7%. i spoke with a member of a think tank earlier who explained if he thinks the move puts extra pressure on quad members. puts extra pressure on quad members-— puts extra pressure on quad members. , . . ., , members. there is an increased, an argument _ members. there is an increased, an argument for _ members. there is an increased, an argument for increased - an argument for increased defence spending among quad countries to address emerging security challenges and to maintain the idea of a credible deterrent, strategic deterrent capability but of course each quad country must balance other national priorities. health care, education and infrastructural development. you said the quad needs to have a deterrent effect on china. are they achieving that at the moment? to are they achieving that at the moment? ., , are they achieving that at the moment?— are they achieving that at the moment? ., , ,., . ~ moment? to bring it back, the underlying _ moment? to bring it back, the underlying purpose _ moment? to bring it back, the underlying purpose of - moment? to bring it back, the underlying purpose of the - moment? to bring it back, the l underlying purpose of the group is to provide a balance for the indo—pacific region in the context of an increasingly assertive if not aggressive strategic posture from china and underpinned itself by a massive military build—up, but it means that the quad countries have points of

strategic friction with china so there is that visible underlying logic to the group coming together but that said, the quad countries as an informal group need to gain acceptance from other countries in the indo—pacific region so they very much sought to emphasise the potential for public goods that can be delivered through the partnerships.- delivered through the partnerships. delivered through the --artnershis. , ., partnerships. fresh from the g7, us president _ partnerships. fresh from the g7, us president joe - partnerships. fresh from the g7, us president joe biden l partnerships. fresh from the l g7, us president joe biden will g7, us presidentjoe biden will meet with republican house speaker kevin mccarthy late on monday for another round of talks on the us debt ceiling. early on sunday the treasury secretary said that during the first remains a hard deadline. if the debt ceiling is hit, washington could run out of federal funds to pay its bills. china has banned its key operators of its infrastructure from using products by us memory chip maker after it accused the manufacture of failing its network security

review. the decision came after chinese authorities launched a review into micron products in march after washington and beijing clashed over chip technology. elsewhere in asia will get fresh inflation data from parts of asia including singapore and japan. many central banks in the region have raised interest rates to deter inflation, marine moves by the us fed. daniel murray of efg asset management gave us his expectations earlier. i don't think there will be major changes in the japanese inflation data. the big challenge injapan is the fact that core inflation has been trending higher and that is something i am sure that policymakers will keep a close eye on. in singapore it has followed a similar path to that which we have seen in the us and europe, namely the headline inflation has rolled over and we expect that to continue, but that core inflation has been more stubborn so it's not

increasing like injapan, but it seems to have been stubbornly persistent at this level and is not really declining at all. fix, level and is not really declining at all.- level and is not really declining at all. a lot of regional _ declining at all. a lot of regional banks - declining at all. a lot of regional banks have - declining at all. a lot of i regional banks have raised interest rates but the bank of japan hasn't. what kind of changes, if any, japan hasn't. what kind of changes, ifany, are japan hasn't. what kind of changes, if any, are you expecting? changes, if any, are you meeting?— changes, if any, are you exectin? ,, ., , expecting? the bank of japan is an expecting? the bank ofjapan is an outlier international - expecting? the bank of japan is an outlier international not - an outlier international not just in the asian region. it's the only major central bank that continues to expand its balance sheet. it was thought perhaps the change of governor recently would bring about a change of policy, but what the new governor has done instead is announced they will review policy and they expect that to take between 12 and 18 months and until we have concluded the review then there probably won't be a major shift in terms of policy although we might see a little bit of tightening if inflation is as persistent as we have seen.— inflation is as persistent as we have seen. , we have seen. here is something for watch lovers _ we have seen. here is something for watch lovers and _ we have seen. here is something for watch lovers and art - for watch lovers and art collectors out there. a timepiece which once belonged to the last emperor of china is set to be auctioned off in hong

kong tomorrow. the watch was recently on exhibition in singapore and we got a sneak peek at this piece of history which may be worth millions of dollars. , ., , ., ., , dollars. the story of the last emperor _ dollars. the story of the last emperor is _ dollars. the story of the last emperor is romantic, - emperor is romantic, fascinating, long, complex, sad. we know for a fact that the watch was in his hand and we know for a fact that the watch was gifted to him. reference 96 ul was the most complicated wristwatch available in the

catalogues in the 1930s. today, only three examples are known of the 96 q l, cased in platinum with the so—called roulette dial. because he's nephew has clearly mentioned the moment when puyi gifted the wristwatch, and he will testify to the friendships he has established with a puyi, showed to a journalist the fan, the watch and the notebook. so the watch and the notebook. so the journalist took a photo where we can clearly see that especially the watch is in exactly the same condition as

we are now exhibiting and that explains and shows that the watch was given to his friend and remains in his estate until 2001. it was extremely difficult to attributed value oran difficult to attributed value or an estimate to such an important wristwatch itself. we believe with such great provenance, period provenance, we can attract potentially interest from museums or from collectors of period artefacts that belong to chinese emperors. that belong to chinese emperors-_ that belong to chinese emperors. that belong to chinese em erors. h , ., . emperors. let's see how much it will fetch tomorrow _ emperors. let's see how much it will fetch tomorrow at _ emperors. let's see how much it will fetch tomorrow at that - will fetch tomorrow at that auction in hong kong. before we 90, auction in hong kong. before we go, let's show you how the japanese market will start later this morning, opening way above the psychologically important 30,000 mark and trading at the highest level in more than 30 years now, strong gdp data are really helping but

investors will be watching the us debt situation this morning. that's it for the show. thank you for watching. ca ptu red captured on cctv. two men walk up captured on cctv. two men walk up to the gated driveway and in 63 seconds and without a key, they were able to drive away. i woke up the next morning, got up woke up the next morning, got up quite — woke up the next morning, got up quite early, but my head out the door, — up quite early, but my head out the door, no range rover, then looks_ the door, no range rover, then looks down_ the door, no range rover, then looks down the drive, opened the gate _ looks down the drive, opened the ate. , ~ ., ., looks down the drive, opened therate. , ~ ., ., , ., the gate. dvla data shows range rovers where _ the gate. dvla data shows range rovers where the _ the gate. dvla data shows range rovers where the second - the gate. dvla data shows range rovers where the second most i rovers where the second most stolen car last year but is not limited to one model. 0ver limited to one model. over 30,000 cars were reported as stolen in the capital last year. that's an average of 7a every day. analysis by the

liberal democrats shows 87% of london's car theft went unsolved last year and fewer than 2% of cases led to a charge. johnny is a community inspector in richmond where car thefts are particularly high. if we talk to each other and you — if we talk to each other and you can _ if we talk to each other and you can tell us what is happening, gives us the opportunity to address those areas — opportunity to address those areas where they need police officers — areas where they need police officers and we can flex our offices _ officers and we can flex our offices into those areas. working closely with the polices mp sarah 0lney. ffill" polices mp sarah olney. our local police _ polices mp sarah olney. our local police in _ polices mp sarah 0lney. our local police in richmond are absolute _ local police in richmond are absolute fantastic— local police in richmond are absolute fantastic and - local police in richmond arej absolute fantastic and really one for— absolute fantastic and really one forjoh _ absolute fantastic and really one forjob but _ absolute fantastic and really one forjob but we _ absolute fantastic and really one forjob but we just - absolute fantastic and really one forjob but we just needj one forjob but we just need more — one forjob but we just need more boots _ one forjob but we just need more boots on _ one forjob but we just need more boots on the - one forjob but we just need more boots on the ground l one forjob but we just needl more boots on the ground to give — more boots on the ground to give that— more boots on the ground to give that reassurance. - more boots on the ground to give that reassurance. for. more boots on the ground to give that reassurance. for the victims of _ give that reassurance. for the victims of car _ give that reassurance. for the victims of car theft, _ give that reassurance. for the victims of car theft, that - victims of car theft, that reassurance is welcome.

keeping active and going on adventures help bodies and minds but as we age it can become more of a challenge.

this oxford a care home is using virtual reality to help residents overcome that. it’s using virtual reality to help residents overcome that. it's a complete _ residents overcome that. it's a complete 360 _ residents overcome that. it's a complete 360 view _ residents overcome that. it's a complete 360 view of - residents overcome that. it's a complete 360 view of the - residents overcome that. it's a i complete 360 view of the world. we use really low friction shoes so there's not a lot of effort to move them and it's really simple to do. the seated treadmill can _ really simple to do. the seated treadmill can be _ really simple to do. the seated treadmill can be used - really simple to do. the seated treadmill can be used by - really simple to do. the seated | treadmill can be used by people who normally don't walk at all. the technology can take them to real places where they can even meet up with friends.— meet up with friends. there is janet. meet up with friends. there is janet- we _ meet up with friends. there is janet. we need _ meet up with friends. there is janet. we need to _ meet up with friends. there is janet. we need to live - meet up with friends. there is janet. we need to live longer| janet. we need to live longer better, notjust longer, so we need to be active in the way of doing that is to maintain physical activity but also social connection.- physical activity but also social connection. ' ., social connection. the 17 month trial run by _ social connection. the 17 month trial run by the _ social connection. the 17 month trial run by the oxfordshire - trial run by the 0xfordshire innovation hub in an oxford tech start—up has seen a0 people test the kit. it’s tech start-up has seen 40 people test the kit. it's very, very interesting _ people test the kit. it's very, very interesting and - people test the kit. it's very, very interesting and useful . people test the kit. it's very, l very interesting and useful and nice _ very interesting and useful and nice i— very interesting and useful and nice. i enjoyed it. i�*d very interesting and useful and nice. i enjoyed it.— nice. ien'oyed it. i'd say there-s_ nice. ienjoyed it. i'd say there's definitely - nice. ienjoyed it. i'd say there's definitely a - nice. i enjoyed it. i'd say. there's definitely a change nice. i enjoyed it. i'd say- there's definitely a change in motivation _ there's definitely a change in motivation. we _ there's definitely a change in motivation. we had - there's definitely a change in motivation. we had a - there's definitely a change in motivation. we had a couple| there's definitely a change in. motivation. we had a couple of residents— motivation. we had a couple of residents who _ motivation. we had a couple of residents who were _ motivation. we had a couple of residents who were very - residents who were very resistant— residents who were very resistant to _ residents who were very resistant to the - residents who were very resistant to the idea - residents who were very resistant to the idea of. residents who were very - resistant to the idea of going for a — resistant to the idea of going for a walk, _ resistant to the idea of going for a walk, and _ resistant to the idea of going for a walk, and after- resistant to the idea of going for a walk, and after a - resistant to the idea of going for a walk, and after a few. for a walk, and after a few times— for a walk, and after a few times using _ for a walk, and after a few times using the _ for a walk, and after a fewl times using the technology for a walk, and after a few- times using the technology they feel a _ times using the technology they feel a lot —

times using the technology they feel a lot more _ times using the technology they feel a lot more comfortable. - feel a lot more comfortable. congrats _ feel a lot more comfortable. congrats-— feel a lot more comfortable. congrats-_ i - feel a lot more comfortable. congrats._ i went l feel a lot more comfortable. i congrats._ i went 200 congrats. congrats. iwent 200 metres. congrats. congrats. iwent 200 metres- it's — congrats. congrats. iwent 200 metres. it's hoped _ congrats. congrats. iwent 200 metres. it's hoped that - congrats. congrats. iwent 200 metres. it's hoped that the - metres. it's hoped that the ositive metres. it's hoped that the positive experiences - metres. it's hoped that the positive experiences here | metres. it's hoped that the i positive experiences here will encourage other care homes to make the virtual world a reality their residents. welcome to the bbc sport centre. coming up. celebrations at the etihad stadium as manchester city are crowned champions of england again. on the brink. leeds united's premier league future looks bleak after defeat to west ham. daniil medvedev claimed the first clay court title of his career as he won the italian open. welcome to the programme. manchester city celebrated a third successive premier league title in a row with victory

over chelsea in a party atmosphere at the etihad stadium