he of corruption. the charges were in connection with a payment of just over $2000000.00 euros in consulting fees, which latino received from fee for deering bladders, tenure as fee for president. back in 2011. both men were banned from football. in 2015. you're watching the w news up next w business news with daniel winter. i will see you here again on monday. have a good weekend. everybody. ah. people in trucks injured when trying to flee the city center. more and more refugees are being turned away. family please, on the theory to leave correct. honestly,

located administrative people. seeing extreme dreams of getting 200 people in june around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d, w. made for mines. ah, ah, ah, the world is in shock at the assassination of shins. o ave. we look back at the former japanese prime ministers, economic legacy. the landmark reform that came to be called are they nomics, also coming up as boris johnson prepares to leave office what mark as he left his

country's economy. i'll ask one of his harshest critics veteran political advisor, allister campbell, and surprisingly up beat news on the u. s. jobs market. we'll find out more from on man on bull street, on daniel winter, and welcome to dw business. the world has been morning, a former japanese prime minister sions, obey following his assassination. residents of the city of nora, where are they, was fatally shot, have been laying floral tributes. ave was known for his radical reform agenda for the japanese economy. and king focus on growth. it was this legacy at the top of mourners mines inara today. i really, i mean, the machine's obey became known for many different policies. i think he's the one who led us through the difficult times of the pandemic. i'm very sorry that he's gone, not the more. i'm shocked. he could stay with buddy than, than one more thing when i feel really sorry for such a long time. shin so ave,

tried so hard to make this country thrive began. i feel as if the owner would call me, he really made many efforts towards that way. although dorothy, but i soon did, i still cannot believe it. i feel shocked this such a thing could happen in japan. i am unable to find the proper words to describe my feelings now and be at that age. what about me, god, i might mister, are they faced suddenly low gross and low inflation during his time in office to attack that he forged ahead with unprecedented and risky changes to economic policy . he was one of japan's most influential politicians. sions obey made a name for himself, with a clutch of economic and financial policies that were known as abbe nomics. when i so do it without having all mix, i will increase jobs and revitalize the countryside while making citizens

livelihoods better. it was a 3 pronged strategy. the japanese central bank fastly increased the money supply by almost 600 percent of a tried to boost the japanese economy with credit financed economic programs. the downside was huge debts and he moved to deregulate the financial sector to make japan more attractive to foreign investors. these measures worked at 1st investor confidence returned, and the japanese economy grew. stock prices and company profits rose and jobs were created, but not every one shared in this new prosperity. real wages fell year after year, and so did the number of people in permanent employment. at the end of our base tenure, japan was economically back where it had started critic see the late sion so abby's economic policies has little more than an attempt to boost the economy by printing

money. industrialized nations watch the avi nomics experiment very closely since or are they thus moving on to britain now uncertain times ahead for the u. k. now that prime minister boris johnson has announced his resignation the races on to find the next p. m. johnston is preparing to leave just as the u. k. a staring down a plethora of economic woes. inflation is set to hit 10 percent and they're a dire forecasts for next year. several conservative party members of parliament, already having their eyes on 10 downing street, including former finance minister, richie su, neck, and his replacement that deems a hallway to break down johnson's economic legacy and to look to the future in the u. k. i spoke earlier to someone who intimately knows the challenges of the heart of government. allister campbell is a former advisor to prime minister tony blair, and one of boris johnson's fiercest critics. he joins us from london. thank you very much. allister, for joining us. johnson's tenure has seen many economic challenges from bricks it

to the pandemic. the economic fall out from russia's war in ukraine. what's your assessment on how he's fed? well, i think badly not the embrace is going to be part of that. nobody can pretend that breaks. ready failure even by the government's own assessment is taking 4 percent of our economy is hitting our productivity very, very badly. and johnson hasn't really taken seriously the measures needed to fix that. i mean, except the covert was very, very difficult for governors right around the world. i think the one of the reasons why he's been forced out is because of the fundamental division that seems to develop between him and the chancellor really soon act about what sort of economic policy should be pursued. and the fact is that we've now got the highest inflation in decades with the highest tax rates in decades. we go spiraling debt. we've got an absolute explosion in food banks. good public service is really under threat. so

i would really say that johnson tenure has been a complete failure. let me, peyton, alternative picture for you. he shepherd had a successful vaccine rollout and you may disagree, but in the eyes of much of the public, he got bricks at done. and new trade deals done, and you can't necessarily point to most of the current economic problems. and plenty pin the blame purely on breakfast, as a lot of that is due to coven 19. what's your reply to the well, 1st of all, i wouldn't just put it all in breaks it. i would go further back. we've had 12 years now, the conservative government, which, whose response to the consequences, the global financial crisis was a decade of us therapy. that we can the economy as well. and likewise, i accept that cobit was the very difficult every single government. but i think it is very little of the divorce. our current economic difficulties from the reality breaks it and from johnson's populism and his belief that already had to do to make braces. success was to say that it was going to be a success. and when you say he's got it done,

it's true that he's legislated and we've left european union, but there is so many loose loose ends still to be tied up. is the prices of the peace process, not under its trading arrangements with the european union, and the trade deals that have been struck, been so tiny as to barely make a pinprick into the economic damages already been done. so talking more about the u tre. ties between the u. k in the you have certainly frayed since breaks it. and the, the something is for you as a remain nor is that even the opposition in the u. k. doesn't want to campaign to re enter neither the, you know, even the single mock and the customers union. so regardless of which party is in government, the u. k is staying out. so it would seem like remain as like yourself of simply lost the political argument. what i said is that the, the, the moods in the country is, was still a very divided country. but it's not that long ago that we had over

a 1000000 people out on the streets campaigning for people's vote. ready referral and the outcome of the breaks integrations. and i set that on pain is faded away. and as you say, the labor opposition is this just this last week and said that there is no intention to revisit the idea of the customs union single market. now i get the politics, i do understand the policies that but i think the economics of that very, very difficult. the fact is, all of these problems that we're facing. they can't just be wished away. they have to be resolved. at the least. that requires is to just start to think about how do we redevelop really serious trading arrangements for the europe partners and at the critical level, i guess the opportunity was johnson going, i think it's fair to say the most serious european leaders. johnson was a complete joke that he was a liar, that his word can be trusted, that he didn't really address seriously. the problems that practice is crating. and i worry that because of the nature, the conservative party of the conservative party, the alexis,

and the not the public that, you know, we're probably going to end up with somebody who probably won't be as bad as johnson, but won't necessarily address these issues in. ready way that they need to be addressed to really seem to fix the problems. there's no doubt there are problems and it's, you know, i actually think european is, is be pretty patient. given that this was an act of self harm that we've been inflicted upon ourselves and the europeans tried to work out. but i think that there are things that can be done on both sides, particularly in relation to that could get this resolved. if there's goodwill on both sides, the trouble is johnson at the helm. there has been a complete evaporation of any. ready well, because because of what is that was veteran you caitlin to the political advisor allister campbell speaking to me earlier. and finally we look to the us now where new job figures have significantly outperformed expectations. the world's largest economy managed to add $372000.00 jobs last month. that's well above economists.

forecasts and the unemployment rate remained at 3.6 percent that only slightly above the near record low before the pandemic. and who better to break this down forest against caught in new york yet another week. another jobs report. how does this one stand out from the rest? well, a daniel at the fed chairman jerome pol just recently said that the labor market in the u. s. is unstained, ably high. well, what does it mean? so now we have more than a $100000.00 jobs, so more than expected. so obviously the labor market remains a pretty hot. there was a slight negative. if you look at the participation rate that a fell and probably also the pandemic is still effect or by a lot of people do not return to the labor market yet. but if you look, for example, at job openings, they're still almost at a record high. some so overall, and the labor market is doing

a pretty well at this time. so good news in the labor market, but where is this going to go? are economists expecting the rate of jobs growth to slow? i mean, to a certain degree, we already do, see that growth is slowing. so the figures of june, when it comes to new jobs, was a little bit lower than what we see in may. but then we have the federal reserve aggressively increasing interest rates. so they want to calm down the economy and with that also job growth. so it is a pretty likely that job growth will be slowing, but it might take some time. i mean, it's still at a lot of places where you look people are looking for a labor, so it is going to take some time time to cool this labor market off, but then also on the upside to at least 4 workers in the united states. we did the wages go up in comparison to last year by 5 point one percent. but on the other

side, that means bit more of an inflationary trend here in the united states. but to answer your question shortly, yes, growth is going to slow. how fast and by how much remain to be ok, so good news on the job market, but the mix picture ahead dns quarter on the new york stock exchange have a great we can. thank you very much. not set your up to date with d. w. business, if you want more from us over the weekend, check out our business specials. you can find them on the d. w to use youtube channel for me on the business team here in berlin. thank you very much for watching. what's making the headlights and what's behind van d. w? news africa. the show that's actually issues shaping the continent. life is slowly getting back to normal you way on the street to give you enough reports on the

inside our correspond that was on the ground reporting from across the continent. all the frames doesn't matter to you. next to d, w. eco, india. how can a country's economy grow in harmony with its people and the environment when there are doers? who look at the bigger picture? india, a country that faces many challenges and whose people are striving to create a sustainable future clever projects from europe and india. eco, india, in 60 minutes on w. o, you become a criminal pre climb aol,

already knows with hackers and paralyzed retired societies. computers that out some are you and governments that go crazy for your data. we explain how these technologies work, how a but how they can also go terribly. watch it now on you to this as did of the news africa coming up on the program. fresh clashes on the blame game between we wanda, on the d. c. with cross bought shelling force and tens of thousands from the homes in eastern vio. see, we find out what's behind the resurgence of the m 23 rebel group.