combating thecrisis. world leaders gather in mexico to try to find the best way out of the european debt crisis. world leaders arrived beneath sunny skies in a mexican resort. they immediately refocused on the cloud over europe. the heads of the world's biggest and fastest-growing economies are discussing ways to handle the debt crisis. they're expected to urge european leaders to do whatever is next. the summit is taking place in mexico. the main items on the agenda, greece and spain.

european commission president baroso and the european council president pledged to recover confidence in the credit of euro zone countries. a political party in favor of austerity policies won the election in greece on sunday. he said its leaders need to form a new government as soon as possible, then implement austerity measures. >> we stand ready to continue to support greece in its endeavor. >> the eu leaders stressed athat they will address mid to long-term ish us tsues includin banks. they said that will help stop a negative spiral. european banks have been left holding bad debt when government bonds have been grodowngraded. >> people who trade stocks are looking for more. a ai is here with us now. what kind of week are investors

having. >> with the g-20 and the greek elections that took on sunday, we saw a nice rally in asia yesterday. u.s. and european markets ended mixed in overnight trades with the dow jones ending down a fifth of a percent lower at 12 no ,741. it weighed off against the lurking concerns in spain. for more on that and how stocks are trading in japan this tuesday morning, let's go to the tokyo stock exchange. good morning. what can you tell us? >> good morning, ai. while the outcome of the greek elections did help the markets in asia yesterday, the austerity in europe have lingering kerns over the rising debt put a break to the run-up. it rose over 7% on the news spanish banks had risen to a decade high. let's see how it moves markets

in tokyo this morning. as you can see the nikkei is now down 0.3% at 8,691 and the topix is down at 736. an analyst i spoke to yesterday after the market closed said that it would be a matter of time and greece will exit the euro zone in the coming futures. it may be better for the economy in terms of trade and tourism to return. going back to the japanese stock markets, we may have some support for local markets and statements from the bank of japan saying that the government's economy is showing signs of a moderate recovery and it expects exports and production to increase in the comes months. ai. >> so the japanese economy may be seeing a domestically driven recovery, but what about external factors? how did they factor in for growth here? >> that's a good point. the bank of japan did send a note of caution that there was so much global uncertainly left

in the global economy, and information european markets are showing signs of an economic slowdown. market watchers are, in fact, expecting the fed to take similar actions after the meeting today, and that could include it. the question is actually how much and how much longer it may extend its bond-buying program. let's see how this is moving foreign currencies this morning. as you can see, the euro backing down below the 100 yen levels, and that's as uncertainty remains over greece. the country is still without a government and it remains to be seen what sort of concessions the european union will grant to the new coalition government. now, greece has already extended -- implemented many austerity measures since it received the first bailout almost two years ago, but the economy is still anemic. in japan for today we have the bank of japan government giving an official speech. any signs of hints to it amount to easing measures will be closely watched, and just to

wrap up, ai, our key market is moving today include housing data from the u.s. and any statements from the g-20 summit meeting that ends today. >> all right. thanks very much for that update from the tokyo stock exchange. japan and russia will join forces on the construction of a liquefied natural gas plant in the russian far east. russia's state-backed largest gas company says it's preparing to include an agreement between the two governments on monday. the firm's deputy chairman said he's ready to help japanese firms join the project in the outskirts of the far eastern city. a memorandum of understanding between the two sides looks likely to be signed during the upcoming ministerial meeting scheduled to start on june 24th in russia. japanese businesspeople are

also eyeing fresh opportunities in iraq. a government-backed consultancy set up an opening in baghdad. the jccme office will provide information for japanese companies looking to invest or promote their businesses in iraq. the country is a promising market as it looks to develop its oil industry and rebuild infrastructure. the japanese businesses are lagging behind those of the u.s. and south korea. security concerns as well as a lack of information have slowed their entry. >> translator: we will provide information about iraq directly to japanese companies. we will facilitate their business activities. >> tokyo markets starting off tuesday in the negative. i'll leave you with a check on markets.

greece's new democracy party is poised to force a coalition with the partner to save the country from bankruptcy. the two parties are to form a coalition government on tuesday. the pro-austerity camp won in sunday's re-election but failed to reach a simple majority. the leader of new democracy samaras met first with the head of the radical left on monday.

he came in in second in the elections but opposes austerity measures and the eu bailout. he refused to join the coalition. samaras later agreed on terms with the leader of the third place socialist party. together the two parties will have a slim majority in parliament. they're expected to seek other partners to build a more stable government. the muslim brotherhood has declared victory in the presidential election in egypt. they say mohammed morsi won the country's first freely contested vote for president. we report from cairo. >> reporter: vote counting continues following the poll on saturday and sunday. mostly iran against shafik, a former prime minister and air force commander. local media says morsi is ahead.

muslim brotherhood leaders say they base their claim of victory on their own count. morsi says he's ready to serve all egyptians. >> members of shafik's says it's absurd to believe the opponent. they plan to announce the official results on thursday. meanwhile, the council of the country's armed forces issued new amendments to the country's interim constitution on monday. they stipulate that parliament's power to draw up legislation and approve projects will be transferred to the army temporarily. they also say a committee to draft a new constitution will be

organized by the army. the amendments forbid the president from interfering with the military's budget or personnel affairs. the interim military administration says it will transfer power to a civilian administration this month. the move to strengthen the military's authority have angered the egyptians and muslim brotherhood. a large rally to protest the amtd has been called for tuesday. nhk world, cairo. iranian officials say their country will continue producing highly enriched uranium. the officials expressed their resolve in a new round of talks in iran's nuclear program. the first day of a two-day meeting ended in moscow. it included delegates from five u.n. security council permanent members and germany. eu foreign policy chief katherine ashton is also

attending. the iranian delegate says ipts impossible to discuss halting the program. they added the country has the right to continue with the program for peaceful purposes. the comments were an official response to a proposal by the western countries at the previous meeting in baghdad last month. the western delegates at that time suggested they would ease some economic sanctions on iran if the country stopped enriching uranium to levels used in weapons. a spokesperson said that iran is simply repeating old statements. meanwhile, a high-ranking iranian official said the western countries need to win iran's trust to make progress in the dialogue. the talks will resume on tuesday. economic growth is vietnam is catching the eyes of the world. another key factor attracting foreign investors is deposits of valuable minerals. japan is reaching out to vietnam to help it step up production

and have its own future supplies. nhk world has more. >> reporter: japan has looked at vietnam as a provider of rare earth elements. the two countries have established a joint research institute in hanoi to study the minerals. officials from both countries expressed their hopes for the possibility of these opening ceremonies on saturday. >> translator: the completion of this center is a testament to the cooperation of japan and vietnam in the fields of science and technology. it will lead to bilateral, collaborative relations. >> reporter: the institute researches the equipment used to extract minerals from ore. the data is put to practical use. two japanese trading houses and a vietnamese company will use the research to begin refining

minerals next year in the northwestern province. >> translator: this project is crucial because it enables vietnam to develop the rare earth producer and also enables japan to acquire important minerals. >> reporter: the minerals are essential in the high-tech industry used for applications such as enhancing the performance of electrical motors and digital camera lenses. china accounts for more than 90% of the global production of rare earth. they're tightening control of production in exports. the country said it is taking steps to protect its resources and development. they point out china's attention to use the regulation as a bargaining chip in negotiations with with other nations.

the elements are being developed, but demand is high x and the supply of rare earth is heating up to rapid work in emerging economies. all countries are likely to make efforts to build a relationship with potential suppliers. nhk world, hanoi. a u.n. conference opens on wednesday in ryo degentleman na to protect the protect the planet. how to strike a balance between economic growth and preserving the environment. nhk world reports on a town in brazil that has embraced the promise of sustainable agriculture.

acai trees are grown in amazon's basin. they're cultivated for their fruit. to revive the rich forests of amazon, the farmers are planning bannaannaana and pepper in one . it's grown in a town founded by japanese immigrants. the fruit is shipped out. they now ship about $5 million u.s. dollars worth of the pulp every year. around 30% goes to japan. acai is popular in many countries recently. farmers have developed new cultivation methods. instead of only growing 3 tivaty of crops by their land.

this is known as horticulture. they adopted this approach after other methods failed. japanese immigrants first arrived here in 1929. initially they grew black pepper. it came to be known as black diamond for the price it commanded. however, in the 1970s disease hit the pepper plantations, devastating the crop. the town faced a crisis. noda remembers how serious it was. >> translator: we lost our pepper crops and were left with debt to repay. for the farmers the future looked bleak. >> reporter: the farmers realized it was too risky to depend on a single crop, so they

turned to horticulture focusing on crops resistant to disease and bugs. they created plantations almost as diverse as forests with a wide range of plants. having many different crops gives the farmers a constant, reliable source of income. it also helps to improve the quality. the shade from the trees means that less weeds grow, so the farmers now use far fewer condemn kalchemi chemicals. they hold regular meetings to improve their cultivation methods. >> as well as revitalizing the soil, horticulture gives farmers ideal crops. it also regenerates the crops

and this helps to reduce global warming. >> this community turned to horticulture after years of trial and error. the same approach is now spreading in neighbors countries such as bolivia. horticulture will also be introduced as an eco-friendly method of farming that promotes sustainability. 50,000 people are expected to attend the rio plus 20 conference including the leaders of 150 countries and representatives ngos and the private sector. people in jap's northeast are focused on overcoming the challenges of the 2011 disaster, but it won't be easy. they have to rebuild homes, businesses, entire communities. we'll show you their struggles and their successes on "the road

aahead" every wednesday at 1:00 p.m. japan time here on "newsline." the japanese government has admitted to another case of withholding reliable data about the fukushima accident. the u.s. government offered the japanese government a map showing the spread of radiation soon after the nuclear accident occurred at fukushima daiichi. however, the japanese authorities did not release the data to the public. the u.s. energy department created the map using data collected by u.s. aircraft from march 17th to 19th last year. it shows radiation spreading northwest from the accident site. energy department provided the map to the japanese foreign ministry on march 18th and 20th. after that the ministry passed on the data to the science ministry and the nuclear and industrial safety agency. however, neither body released the information. they also did not notify the prime minister's office of the data.

a senior science ministry official says he thought the u.s. government should release the information. he added the japanese government publicized the results of its own radiation surveys from data gathered at 180 locations. a japanese media executive has been forced to resign in a scandal over plagiarism. the gt press psident said he's taking responsibility for the actions of his staff. he admit that had a reporter at the washington bureau of the wire service copied an article by the rival kyoto news. he copied kyoto washington into the new version. gt redistributed the content last week. he said the act broke their trust in their service and he said that's unforgivable. the computing world has a new champion. the ibm sequoia has been named

the fastest supercomputer. the semi annual top 500 super computer list says the sequoia is 1.5 times faster than the k. it uses more than 1.5 million processors. the u.s. energy department uses for the sequoia for simulations. fujit fujitsu's k was knocked into second place. we've been tracking the powerful typhoon in southwestern japan. we have the latest in the world weather forecast. >> that's right, kathleen. it's now faeaffecting the amami islands. here's the details of the storm. sustain winds are 134 kilomeres per hour but combusts near 1902 kilometers per hour. it will make landfall into tokai by late this afternoon or evening as a strong typhoon.

at hitting the coast it will likely cross japan into the northeasterly direction and reach the tohuku region on wednesday as a remnant low within this red line. you see winds of over 90 kilometers per hour usually on the eastern half of the typhoon we'll have very strong winds. there are areas aacross the eastern half of japan where we see very strong winds. for example in tokai gusts could exceed 160 kilometers per hour this evening. and waves could be a concern up to 7 to 10 meters are possible along the coast in terms of rainfall, as much as 400 millimeters is in the cards across here and 500 in tokai with very heavy rain. landslides and flooding are highly likely. heavy rain will impact northern japan on wednesday even after it

leaves japan, we have another system aiming for japan. this is tropical storm here packing sustained winds of 72 kilometers per hour i should say situated to the south of japan. there's lots of heavy rain in high nan and southeast coast of china over the next 24 hours, as much as 250 millimeters is possible in the province and as it moves towards the east, it will intensify and create a condition at 250 millimeters in taiwan. very heavy rain. as many of you know this area is contending with a lot of flooding situations. any additional rain could worsen the situation. heading over to the americas, we've got an active low pressure system still producing stormy weather in the western half of the great lakes region. tornadoes are not out of the question as stormy weather will continue into your tuesday. ongoing rain could raise the risk of flooding and landslides. to the south dry and we have fire weather in and around the four corners region as well as

the great basin on your tuesday. temperature-wise getting up to 42 in phoenix, 32 in oklahoma city, and getting up to 36 in chicago. finally let's go over to europe. you're looking at stormy conditions in the southern scandinavian peninsula, nthern poland as well as the iberian peninsula in contrast dry and mott in much of the eastern sections of europe. actually, in the balkan peninsula we've got warnings for extremely hot conditions. for example, in bucharest your high is expected to be 35 dries on your tuesday. here's your extended forecast.

our lead stories this hour. world leaders started discussions in mexico to find a

way out of the european debt crisis. the g-20 summit is taking place in los cabos, mexico. the main items on the agenda are greece and spain. the commission president and the european council president herman pledge to get confidence in the credit of euro zone countries. a political party in favor of austerity policies won on the election in greece on sunday. they need to form a new government as soon as possible, then implement austerity measures. >> we stand ready to continue to support greece in its endeavor. >> the eu leaders stressed that they will address longer-term issues including the supervision and regulation of banks. they said that will help stop a negative spiral. european banks have been left holding bad debt when government bonds have been downgraded. greece's new democracy party is poised to form a coalition with the former governing

partner. they hope to save the country from bankruptcy. the two parties are to form a coalition government on tuesday. they won in sunday's re-election, but they failed to reach a simple majority. the leader of new democracy samaras met first with alexi. tsparis refused to join a coalition. he agreed with the leader of the third place socialist party. together the two parties will have a slim majority in parliament. they're expected to seek other partners to build a more stable government. that's all for this edition of "newsline" from tokyo. do join us again.

maybe you have some energy- saving appliances, like an energy star-rated washer and dryer. but what about your tv? chances are it's on more than your washer, dryer, and kitchen appliances combined. did you know that if half of us in the u.s. replaced our regular tvs with an energy star model, the change would be like shutting down a power plant? you can find the energy star on everything from standard to high def to the largest flat-screen your heart desires. ow that makes sense.