tv Newsline LINKTV November 14, 2016 5:00am-5:31am PST
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putting the deal into effect won't be easy. a lawmaker from the ruling liberal democratic party offered some advice ahead of the scheduled thursday meeting in new york. >> translator: in your meeting with mr. trump i would like to stress that limited trade and i would like you to urge mr. trump to change his stance on the tpp. >> translator: in principle the republican party has been a champion of free trade. i will convey my view on free trade at the meeting. i want to build mutual trust with mr. trump through various discussions on various matters. abe added that they should lead efforts to put the tpp into effect. make clear that japan will not renegotiate it. an opposition lawmaker also weighed in on the issue. >> translator: i think it is a
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common belief that the probability of the u.s. ratifying the tpp and the deal taking effect is now significantly small. >> reporter: it in my frank opinion the situation around the deal has become severe. it doesn't mean the matter is over. it is not over yet. it is important for japan to demonstrate its commitment. if we fail to show our strong will, the tpp will be doomed. >> the prime minister says the 12 participants of the tpp will hold talks in peru on the sidelines of a regional summit that starts on saturday. he says he wants the 12 countries to show had international community their commitment to the free trade agreement. meanwhile, donald trump has picked republican national chairman reince priebus as white
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house chief of staff. considered a washington insider. u.s. media are reporting the choice of priebus willingness to cooperate with main stream. the choice could upset some of the president-elect's die-hard followers. trump had promised to get rid of typical washington insiders. in a statement priebus said he's grateful to the president-elect for giving him the opportunity. the other frontrunner for the position was conservative media executive stephen bannon. bannon had served as trump's campaign chairman. trump instead chose bannon to be his senior counselor. trump will take office on january 20th. turning to business news, tokyo stocks and the u.s. dollar continue to rally as investors clung to expectations that the incoming trump administration
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would introduce more economic stimulus measures. we go to our business desk for the details on that and other business news. >> last week investors responded enthusiastically to donald trump's election and the nikkei had its biggest advance since september. extended its gains as the dollar rose further pushing down the yen and boosting japanese export stocks. more from the tokyo stock exchange. >> investors are betting will start an inflation prompting the federal reserve to raise interest rates in the near future. this is driving u.s. treasury yield and strengthening the dollar and weakening the yen. the weak yen has provided a major boost for japanese exporters. closing at 17,672. that's the highest level in nine months. the broader topix rose 1.5%.
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the dollar continued it rise against the yen. the greenback rose to the 107-yen level, the highest level since january. a major focus, of course, exporters. jumped 5.6% and hitachi was up 4.2%. explanations of a rate hike in the u.s. also lifted the financial sector helping companies such as daiwa securities and nomura holdings. they will closely follow trump's actions as his actions take shape. the picture looks bleaker in the emerging markets of the asian pacific. shares in the philippines extended their losses for a second day. the stronger dollar and higher u.s. bond yields. malaysia benchmark index fell to the lowest level since mid-june.
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it it sank to a ten-month low. 1616 for the closing number there. over in china the shanghai composit sank there and climbing up to its highest level in ten months. slightly beat market expectations. the latest figures on gross doomestic product in japan shows the economy has grown for the third straight quarter. the cabinet office says releasedidata and the preliminary figure is up 0.5% from the previous quarter. that works out to annualized growth of 2.2%. housing investment and exports were strong but consumer spending was sluggish. housing investor rose 2.3%. low interest rates resulting from the bank of japan negative interest rate policy gave a lift to that sector. exports were up 2%. shipments of smartphone components and devices used in the manufacturer of se
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semiconductors were robust. consumer spending inched up 0.1% and corporate capital investment was unchanged as a strong yen made companies careful about spending. sectors that government officials were keen to see grow remained weak. nhk world looked that gdp numbers and has filed this report. >> reporter: this restaurant chain has 1,400 outlets. it is a popular spot for families and young people. so, it has been showing growth during the past few years, but not this year. >> translator: when i go out to eat, i always pick the days when restaurants have their discounts. >> translator: i feel my family can't afford to enjoy luxuries any more. i'm always pressured to stick to
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a tight budget. >> reporter: both the restaurant chain and customer earnings were down january to october compared to the same period last year. company officials say growing uncertainty is in the economy making consumers more cautious. >> we had a great result in 2014 and 2015 and today the mac economic situation is somewhat uncertain. in the first half of 016, we were experiencing some loss and very price sensitive customers. >> reporter: the restaurant chain has responded to the leaner times by overhauling its menu. replaced 80% of its dishes. the volume was increaseding customers more value. these noodles are made with less sugar than normal. they have come up with low-carb meals. they're trying to lure health-conscious consumers who
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are now worried about eating out. the managers are n now hopingg revamped menenu will bring back customers. corporate capital investment is also weak. bank of japan say it's large corporations plan to increase the capital investment spending by 10% over the last fiscal year. investments related to the 202 tokyo olympics are booming. business are expected to see more tourists coming to japan. but it isn't shared by many manufacturers. shows that only 10% of those companies think they need to increase their investment too expand the production capabilities. many companies have been counting on the pace of around 110 yen to the dollar. but the yen has put a squeeze on
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profits. experts point out that japanese companies have the highest level internal reserves on record. yet, they're reluctant to invest more. the japanese economy has yet to go on the recovery patath and predict growths will plateau for some time. >> translator: if the economic growth rate stays at the same level, companies may not be able to givive raises and make capit investments. that means consumer can't spend more money and then firms will be forced to reduce their investment. so, the vicious cycle will continue. >> government officials have been hoping that earnings will lead to higher level of investment and personal consumption. but people and the businesses are simply not spending at the lack of confidence in the economy lingers.
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the prospect of the economic cycle seems farther away. daisuke azuma, nhk world, tokyo. japan's central chief is watching election. he referred to the temporary stock plunge and rise in the valley of the yen immediately following the election of donald trump. he noted that situation later reversed. he said the boj will cope with any uncertainty hanging over the global economy and financial markets. >> translator: the bank of japan will be careful to ensure there is no negative effect on businesses and households. >> chinese official os have released their latest economic data on retail sales and industrial output. the october figure suggests that consumption in the world's
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second largest economy is slowing down. the officials at the national bureau of statistics say retail sales were up just 10% from a year earlier. that is down 0.7 from september and the lowest rate in five months. industrial output in september was up 6.1%. the rate is unchanged from the previous month. here's a look at some of the other business stories we're following. u.s. media report toyota motor pay up to $3.4 billion to set alclass action suit. the company is accused of failing to provide proper rust protection on some of their vehicles provides to pickup truck and sport utility vehicles. they account for 1.5 million cars sold in the u.s. from 2005 to 2010. toyota official os say they're glad they can resolve the issue in a way that shows they've got equality and customer trust. a japanese research team trying to get their robot
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admitted to the university of tokyo is postponing the effort. they say the robot's grades on the entrance exam haven't improved from last year. they have led development of the robot. they say it scores highs on questions about the meaning of words, but has not improved its comprehensnsion of long sentenc. let's check our business calendar for this week. on tuesday, we have u.s. retail sales for october. this is a key gauge on the health and consumption in the world's biggest economy. the next day, tourism officials update the number of foreign visitors to japan. on thursday, u.s. government officials release the consumer price index for october. then attention switches to pursue on the same day and administers from the asia pacific forum kickoff two-day meeting. on friday chinese officials post new home prices in 70 major cities. you can catch our report,
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again, online together with a full transcript. look for nhk world and business wrap and that's a look at business news. i'm going to leave you with the markets. south korean prosecutors say they want to question the president this week over a series of political scandals. it will make her the first sitting president to be investigated. huge backlash against her and many are waiting to see how she will handle the questioning. the prosecutors are waiting for a response from the presidential
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office. they want to question park on tuesday or wednesday. the scandal centered on park's long-time friend. she was arrested on suspension of attempting to defraud two foundations. park admitted to giving her access to state affairs. two officials have also been arrested. calls for park to resign continue. hundreds of thousands of angry protesters demonstrated in the capital on saturday. analysts say by allowing the prosecutors to question her, park is hoping to ease public criticism. the massive protests have led to another political development, the leader of the main opposition party will meet with park on tuesday. the party has demanded that she publicly step back from state affairs and become a ceremonial head of state.
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a magnitude 7.8 earthquake rocked new zealand early monday. as day broke, the damage became evident. the epicenter was in a rural area, about 93 kilometers from christ church on new zealand south island. two people have been confirmed dead so far. one was found in a house destroyed by the quake. landslides and cracks in roads cut off some communities. >> we have military helicopters that are available too us. goining to be going d downhere very rapidly. the area is cut off from a road perspective. >> reporter: hthe airports flyig medical supplies to areas hit by
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the quake. people in new zealand's c capit on the north island also felt the tremor. wellington is about 2000 kilometers north off its center. >> it was horriblele. just a little bit of a roll and then it just must have lasted about 40, 45 seconds and then there was a jolt. >> i am terribly sorry that you're all waiting in the cold. >> reporter: the earthquake woke up many people and forced them to go into the streets. frequent aftershocks continued hours after the first tremor. christ church experience a similar earthquake five years ago. the city is a well-known tourist destinination. >> i'm just relieved that it didn't create more damage and, you know, deaths and things. so, it couould have been a lot worsrse given the magnitude.
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>> we couldn't because the roads are closed. >> and tomorrow we're traveling south. away from the epicenter. >> reporter: the u.s. geological survey said many quakes with a magnitude of at least five have struck new zealand since midnight. local official os are u urging people to b be reaeady for more aftershock aftershocks and possible tsunamis. people in paris have been remembering those killed one year ago by islamic state militants. they held memorial service for those kililled in the attacks. killed 130 attacks in coordinated attacks in the concert hall and restaurants and other locations. the president and prime minister attended an outdoor service. participants released balloons symbolizing their hope for peace. it was fill would floating
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lanterns in the colors of the french flag. mourners wrote messages on the sides and sent them in the water. >> translator: i sent off a lantern and prayed that terrorist attacks never happen again. > in the evevening, a large d gathered at notre dame cathedral for a memorial mass. the nuclear energy policy should be based on lessons learned from the 2011 disaster including his crippled plant. referring too an agreement to expert nuclear powerer thnology to india.. last week, prime minister abe concluded the deal with his indian counterpart. the pack limits the use of the technology to peaceful purposes. the two countries are to exchange information on nuclear material and equipment. the deal is the first of its kind between japan and a country
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that has not signed the nuclear proliferation treaty. people in fukushima still endure hardship more than five years after the disaster. >> translator: it's important for us to tell the domestic and international community about the massive problems and challenges we face. >> uchiburi also stressed he would call on the central government and the plant's operator to scrap all nuclear reactors in fukushima. as japan faces a population decline, the effects are especially evident in rural areas. fewer children going to local schools. students from different grades are in the sameclase. we find out in our next story that several schools are now trying out a digital solution. >> reporter: on tokunoshima
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island they have 33 students, that's less than 10% of the number at its peak. the school has been in multi-grade classes with different grades being taught in the same classroom. here, the fifth graders in front and the sixth grade students face the other way. with just one teacher in the room. while he teaches one grade, the other study working from blackboard notes and textbooks. but this kind of self-study is not an efficient or high-quality way for students to learn. recently the education ministry has been looking at ways to tackle this situation. this third grade class now has a distal hookup with a neieighborg school whichch is in a situatio. while the teacher overseas the fourth graders, a teacher has the third graders. now, the seven students are together with the five students and the class is more vocal. >> translator: when you multiply
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a three-digit number by a single digit number, what do you have to remember? >> reporter: this question appears to have the students stumped. >> they carry over. >> translator: i heard one good answer. what is it? >> they carry over!! >> who said cacarry over? >> reporter: i it was a child a the neighboring school that got the right answer. this digital connection is also helping some children to become more engaged in class. this girl used to find it hard to speak up. but she's been putting her hand up more and more. and the teacher can see a positive change in her.
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>> translator: it's fun. >> translator: adding another school is fun. it means we can learn more things. >> translator: it's a way to educate them while having them interact with more children. i think it's an opportunity to figure out a new form of education and a new future for our children. >> reporter: as rural japan struggles to cope with depopulation it can play a role in shaping the classroom of the future. you're watching nhk "newsline" live from tokyo. warmer than usual conditions prevail for us and a cold mass affecting northern japan will affect japan. >> if the fririgid air over the continent will affect much of japan as we g go into wednesda. get ready for that.
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but the freezing temperature is actually causing a beautififul sight across northeastern chchi. take a look at this videdeo. temperatures dipped below minus ten degrees celsius in parts of the province on sunday. the combination of cold air and moisture from a revert causeded ice on streets. this is a seasonal phenomenon in this area and listed as one of china's four natural wonders. many people come to see it at this time of year. now, again, the cold air will likely affect northern japan. this cold frorom the cold airirm the nor a and c cold air will likely affect most of the country as we go into wednesday. befofore the cold air arrives, will see widespread heaeavy rainfall across many arereas of the country. up to 50 millimeters of rainfall with strong winds as we go into tuesday. now, temperatures expected to drop significantly. for example, 10 for the high in sapporo and on wednesday and
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tokyo 22 on tuesday. more like october. but down to 15 on wednesday. so, what a change in store for us. across the southern hemisphere it's fall and start of the big fire season. big fires are occurring in sydney. we have video from the area. hot, dry and gusty winds fielded the fire in sydney. humidity dropped to 10% and the daytime high exceeded 30 degrees. more than 100 firefighters tried to get the fire under control and water bombing planes and helicopters attempted to control the blaze. looks like dry conditions and warm weather will likely continue for the next few days, so, this is definitely that good news. sydney you'll see sunny weather persisting into thursday, at least.t. multiple systems are m moving io much o of the country, so it's going to be quite wet and windy
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as we go into tuesday. we will see some respite from the stormy conditions, however, it is going to be wet throughout this week. and across the northwest of the united states and western canada, a series of low pressure systems moving into the area. one system is drifting over the area causing a lot of heavy rainfall for the pacific nonorthwest and snowfall inland locations and more s system wil likely affect the similar area as we go into the mid-week. that will cause heavy rainfall on the coast and heavy snow for the mountains. vancouver, ranee weather on monday and that should continue into thursday. seattle rainy weather, once again, on monday. and heavier rainfall on tuesday with breezy conditions expected. and temperatures are expected to cool down quite significantly. 13 in seattle monday and down to 9 for the high on thursday. similar things could happen in vancouver. 8 degrees on monday and 10 degrees on tuesday and down to 9 degrees on thursday.
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