state william burns travelled to cairo to meet with the leaders of the interim government. he asked to calm the situation. russian defense officials say they are testing the com bad readiness of armed forces. they ordered the largest surprise drill since the soviet

era. the defense minster said the week long exercises began saturday in the country's far east. he said about 160,000 personnel from the army, navy, and air force are taking part. military leaders have deployed an 100 tents and armored vehicles and 130 aircraft and 70 naval vessels. the pacific fleet command will send destroyers to the seas of japan. the crews will practice locating enemy submarines. president putin plans to head to the province on tuesday to view one of the drills. delegates from the north and south failed to reach an agreement on a project that benefits both economies. they have been trying to strike a deal to resume the operations. the third round of negotiations missed the mark. officials for the south korean unification ministry said the delegates asked representatives

to property more operations. they were sold south korea was to blame. both sides agreed to hold more discussions on wednesday. the industrial complex is located on the north korean side of the border. it remained closed since authorities withdrew their workers in april. analysts say a settlement is unlikely because negotiators remained far apart. >> officials say more than 5,700 people are still missing one month after torrential rains caused floods and landslides. that could make it india's worst disaster in ten years. record rainfall mid-june swept people, cars, and buildings away. 570 people are confirmed dead. estimates of the missing have varied widely. officials spoke to family

members to get their figure. most of the missing are pilgrims who were heading to sacred hindu sites in the mountainous area. the rest was hampered by the weather and terrain. some areas are more than 3,000 meters above sea level. people in south korea are battling torrential downpours. landslides and floods left three people dead. 370 millimeters of rain has fallen since thursday. it caused a landslide that left three people dead. it swept vehicles away and the capital was hit too. seoul has seen rainfall and people in seoul and the provinces can expect up to 30 millimeters per hour. people from the philippines who tried without success to find a job in japan are getting help

back home. the japanese government is getting job huhhing assistance for those who want to be caretakers. they held a job fair in manila and representatives talked about what they do. 80 job seekers attended. they had a series of interviews, mainly in japanese. >> my plan is this work under the japanese company because i want to enhance my studies because i don't want to waste it. >> japan accepts candidates from the philippines and indonesia as part of a partnership agreement. applicants have to take an exam in japanese. since 2009, only 100 of 670 filipino applicants have passed the test. those who fail are not allowed to try again and have to return

home. traders in tokyo are back to work after a long holiday weekend and they are seeing a lot of momentum abroad. we start at the start of a busy day. a hectic time for people to work in the markets. >> we have strong reports from banks in the u.s. new york stocks continue to climb. in fact the dow jones industrial average closed at a record time for the third straight day, ending 0.1% higher at 15,484. let's see how that affects stocks here. we had a public holiday on monday as you know. how are stocks trading in tokyo this morning? >> a busy day today. let's go to the opening levels for july 16th, tuesday. both indeces well into the positive for the nikkei and the topix. while tokyo was closed, there was a lost market use to take in. better than expected bank

earnings from jpmorgan chase on friday and citigroup on monday. that lent a positive sentiment overall and a big focus on corporate earnings as well. a jump in manufacturing data for the new york state region. that also helped boost sentiment and we tracked growth in china and the gdp that came out on monday while markets were closed here, it does overshadow the positives, but as it came in as expected, markets in asia did rise on monday. i will keep track of how they trade later today. let's have a look at the currency as well. that has been a major effect. the dollar-yen is 99.90-94. they did gain in new york, but disappointing retail sales prompted some yen buying. the next focus is going to be the testimony to congress this week and whether we touches on monitoring easing measures.

130.53-58 is currently moving higher compared to the end of last week. >> i know today is a special day for the tokyo stock exchange where you are. the tse and osaka stock exchange have merged to be the third largest stock market in the world. what's going on over there? >> a lot of activity. over to my side, the big ceremony. a lot of people gathered for that particular merger. today trading in shares of 1,100 listed companies in osaka were transferred to tokyo with 3,400 firms. they have jumped to the seventh in the world and bigger than the nasdaq and london stock exchange. changing in derivatives will be consolidated in march. the main reason is the creation of a cash market that is more

efficient for trading. through the merger, the japan exchange group is hoping to cut the system operating cost by 70 million a year. it upgraded the processing efficiency by 38%. they attract the professors and prevent system failures. brokers will no longer link assistance to tokyo and osaka. they are hoping they will reduce the trading fees. for their part, officials at the combined market are hoping to have a strong global presence. the stock exchange used to be one of the largest before the collapse of the bubble in the 1990s. of course competition intensified with them, forcing some of them to join hands. one is the merger between new york and the euro in 2007.

others have initiated since then, but many turned out to be unsuccessful. the u.s., intercontinental exchange agreed to by and the hong kong acquired the lopd an metal exchange. the challenges lie ahead in derivatives trading and it's still far behind marks like china as well as south korea and the group really needs to try very hard to strengthen the competitiveness and the international presence. that will be a big focus. back to you. >> on to other headlines, the world's second largest economy continues to lose steam even as new chinese leaders try to reignite growth. the slow down has fuelled concerns about the future of the country's economy and global

leaders are watching to see how the new leadership will engineer a turn around. china's national bureau of statistics reported that gross domestic product expanded 7.5% between april and june. that's down from 7.7% growth in the previous three months. the single digit growth set in after the third quarter of 2010. and for a closer look at what's behind these latest numbers, we are joined in the studio by a senior fellow at the research institute and thank you so much for your time. your reaction, please? >> the slow down, i have to say it's too slow. i am concerned about lending about china's economics. also concerned about the stability of the society. also the jobless rate that could be more serious.

i think for them we need to enforce the stimulus to support the economic developments. >> what are you thinking and the timeline? >> as soon as possible. from now on, they need to lower the interest rate and how to generate liquid id to rescue small banks in the short-term and from long-term, i think they need to show us the road map to refer to economics. i mean to reaffirm the financial system and privatize the state and commercial banks and also liberalize the interest rate. i think this is an important task. >> from this autumn, you are expecting these changes? >> yes. >> you mentioned banking and want to talk about liquidity.

the financial practices by unconventional lenders, this is an issue when we talk about china. how seriously are the leaders taking on this issue? >> actually the real concern is not about this. it's not about the shadow banking system, but the local government debt problem and performing well on the balance sheet and commercial banks. i think the banking system problem could damage the chinese economic system. from this autumn, if the government doesn't enforce or reaffirm the system, it could damage the leap to another chinese financial crisis and also damage the global financial crisis and think it's a business

for the team. >> because china and the world is so connected now. >> yes. >> how imminent is the crisis? >> i think the crisis, if the crisis comes to that, it will damage the global economics and especially for the regional economics. and i think they need to get support from the chinese people and firm up the financial system. >> any -- what can he do some. >> i hope that the chairman can get the party from the other people to affirm the system. under the administration that

postponed that. >> thanks a lot for your insight today. >> what happens in china, slower growth is having repercussions. officials at the bank say economic growth say countries will be slower than they expected. the 45 developing economies will grow 6.3% down from the april projection of 6.6%. economies in southeast asia are robust and experience a fallout from china's weak showing. the officials expect china's economy will expand 7.7%, down from 8.2% projected in april. they cite slowing trade and investments. they upgraded from 1.2% to 1.8%.

economic policies are producing results. that's the latest in business. we leave you with a check on markets. . >> managers of the leading japanese food processing company have returned to thailand ravaged by flooding. they opened up a new plant. the managers say the $170 million factory will serve the growing demand for seasoning products in thailand and other emerging markets.

other japanese firms were forced to close and spend production in 2011 after they hit. crews built the new plant four four meters off the ground to protect against flooding and a one-meter wall surrounds the compound. >> translator: thailand is an important country because it's a key hub that allows our company to access the south ease asian markets. >> workers expected to produce 64,000 tons of seasoning per year. locals say they hope more japanese companies will expand in the area. >> few people are aware of it, but computers and screens emit blue light. even though it's part of the visible light spectrum, people don't notice, but exposure could

affect their health. >>? japan last month, researchers attended an international symposium on blue light and learned about the latest research on how the light affects human health. >> blue light affects not only the eye, but the rhythm. >> this professor at the university said people are exposed to blue light for a long time at night, their's internal clock may not function. this clock controls body rhythms. they focused on melatonin, a hormone to control sleep cycles. when the body's internal clock is work normally, not much melatonin is released in the day, but at night a large amount is released. in his experiments, he uses three rooms. this one has almost no blue light. there is a small amount in this room. a lot in this one.

test subjects spend a night in one of these rooms and the professor measures the ranges in the melatonin levels. subjects exposed to blue light released a lot of melatonin and their internal clocks function well, but the more blue light, the less melatonin they relea d released. they had the corresponding disruption in the internal clocks. >> blue light activates various functions in our bodies. at night we should disrupt this process and excites our bodies. >> how might disturbing the rhythm of the internal clock affect health? the professor from kyoto university studied the relationship between the internal clock and high blood pressure. he used mice, some with

disrupted internal clocks and others were normal. when he get them salted food, grows. >> translator: the body's rhythm is connected to so many functions, including the working of the liver and heart. when rhythm abnormalities persist, style diseases are the most likely result. >> it's still not clear how much exposure will result in illness. in japan and many other countries, no regulations exist with managing the amount of blue light. meanwhile, germany announced light lines and pointed out that it is desirable to expose to blue light during the day and reduce the amount at night. the guidelines mention which type of light chb used like homes, schools and nursing care

facilities. it's now more common to see lighting that can adjust the amount of blue light. at a vocational school, some are equipped with the most up to date lighting system. they look like normal lights, but the color adjusts automobileally. when we fast forward the video, the amount of blue light reduces until night when almost none is emitted. >> the valley of this type of light is widely recognize and more are beginning to take an interest. >> there is still much we don't know about how blue light affects our health. researchers will continue their work and people in countries without blue light regulations will have to fend for themselves. >> time for a check on the weather. people in tokyo are feeling cool

and we have more in world weather. >> that's right. it will be quite pleasant in the eastern half of japan compared to last week. it was hot in tokyo. the highs were over 35 days for four days and on the western japan will be remaining on the hot side for the next several days. the heat maker is still in place across the south of the place. yesterday the outflow from the high pressure brought quite heavy rain. take a look at this video. rain plummeted over parts of the prefecture and down the road about 160 millimeters of rain in a space of just three hours. one local police van got stuck as you can see in the video. elsewhere a road collapsed and swallowed up a park. two ople in the car suffered broken hips and another escaped

with minor injuries. the rain has stopped and nice clear skies across western japan. more of a concern will be across the korean peninsula and north eastern china. it seems spring has been across south korea and more rain is coming in. we are expecting 120 millimeters of rain and north korea could be hit the hardest. 200 millimeters for the next 24 hours. conditions will continue and moisture from the tropical storm is causing widespread rain for southern china. temperatures on the hot side. a tropical depression developed east of the philippines. it's not sure where it could intensify, but it could be within taiwan. this area was hit by the tropical storm and additional rain is not welcomed.

temperatures cool to 30 degrees and heat is still building across inland china and 37 for you on tuesday. in north america, three distinctive features. severe weather and flooding rain across the south and dry and hot across the east. we have three reports of tornados in montana. tornado watches are out for the eastern montana and north dakota. flooding rain for the southern plains. 100 millimeters and double the amount of dry flooding rains. and most of the rain is intensifying over the four corners region. in the mid 30s in places like chicago and washington, d.c., cities also building going up to 30 degrees on tuesday. finally a quick look at dry and

hot weather across the west, heathrow at london, temperature hit over 31 degrees on saturday. the hottest since 2006. conditions on the top side for the next several days and stable weather continues across the region in the balcan peninsula. temperatures are 21 degrees for and you 22 in moscow with rainy weather and across the best, 29 in paris and at 35 and here's the extended forecast.

. >> there is one more story to share with you. festival goers are getting into the spirit of summer. teams of men carried floats through the streets as part of an ancient tradition. the first group arrived before dawn. the men were carrying an elaborate float that weighed roughly one ton. >> the festival is said to date back to the 13th century. a buddhist priest sprinkled holy water around the district to dispel an e7 demmic.

they held a ceremony every year to keep the disease away. >> that are is all for this edition of "newsline." that is all from tokyo.

captioning sponsored by macneil/lehrer productions >> woodruff: attorney general eric holder called the killing of florida teenager trayvon martin "tragic" and "unnecessary," but he stopped short of saying the federal government would file civil rights charges against george zimmerman. good evening. i'm judy woodruff. >> ifill: then, jeffrey brown