takarjima islands are a journey to e xtreme japan. the doctors who treated him spoke about a a short time ago.

we tried to resuscitate him but unfortunately he died at 5:43 pm. >> the attack happened in the morning in western japan. the nhk reporter was covering the campaign where he had just been speaking in shortly before noon she heard two gunshots and recorded as people tackled the suspect and the weapon was later retrieved by police. sources with the investigation tell nhk that the gun appeared to be homemade. it was touring the country supporting candidates running in the election. local officials say his appearance was released through social media. police say the suspect was arrested for attempted murder.

the 41-year-old suspects told investigators had a grudge against him and shot to kill. defense ministry said he was a member of the self-defense force for three years until 2005. a video recorded by someone in the audience at the rally shows the attack. a man slowly walks up behind him and fires a gun with smoke filling the air he stops his speech and looks back before the main fires again and then he collapses. police officers from the area and tokyo were there but officials have not provided details on the scale. for more let's go

>> this area is usually crowded with shoppers and commuters but right now it's crowded with crews focusing on the area inside. police tell us that they believe he was delivering his speech in this area when he was shot. we have seen investigators here for most of the afternoon collecting evidence and as you can see residents have been gathering here to look at what's going on. they are standing on the stairs of the station and are trying to manage the traffic. the shooting happened in front of a large crowd a very close range and often they give speeches on top of the truck but shinzo abe was right here when he was shot.

we don't know if the security was here before the shooting. and asked for the investigation police have been at the suspect's home trying to find out what they can about him in the motive. it is shocking to people hearing that and the rest of japan. guns are strictly controlled and there are very few she would beans only 10 gun incidents last year with only when shooting death spark across the street from the prime ministers office by a reporter. >> where just outside which is basically the nerve center of japanese politics.

there is a lot of visible security but it doesn't appear any different from a normal day here at the prime minister's office. senior members have gathered at the residence including top officials and they are expect it to be discussing what to do next after the shocking death of their former leader. and before he was confirmed to have passed away we were hearing from lawmakers condemning the attack as unacceptable violence against the politician. mamie said it was unbelievable for this to happen in japan where firearms are heavily restrict did and shootings are rare. this comes just before the election on sunday. they were preparing to make last-minute pitches but in the wake of the shooting many

speeches and rallies. members of other parties in the police are now offering condolences to the family. when he stepped down in 2020 he was the longest-serving prime minister in japan and is still considered a very influential figure and for him to be killed at the campaign rally only days away from the boat is no doubt shocking to everyone working in the japan government. he served as the prime minister longer than anyone the family's polical history stretches back decades. his grandfather served as prime minister between 1957 in 1960

and his father was a politician served as the foreign minister he ran in 1993 and has been a key member in japan's politics and while serving as deputy chief secretary and in 2006 he took on the role and was 52 years old at the time becoming the youngest prime minister since the end of world war ii. about one year later the liberal democratic party lost the house selection and he then resigned citing worsening health. his health improved in time and is the party is leader he led them to victory and became prime minister once again. he push forward with policy to

revitalize the country's economy. he was also active on the diplomatic front. he led the party to win a series of elections and became the longest-serving prime minister. he stepped down again in 2020 due to health issues. after regaining strength he continued to be influential advocating his ideas for security and economic issues. >> let's look at the legacy to revive the economy through his signature economics. >> is started his second term into 2012 in his first task was to put an end to the long- running inflation. he had the economic policy he would pitch to the world. >> it boils down to a set of

three programs, monetary easing fiscal through and fiscal reforms. >> for the head of japan and the government and central bank released a joint statement and it clearly laid out the goal of the central bank achieving 2% in around two years. they then launched a massive monetary easing measure done on a whole new level. the measures led to a recovery in corporate earnings and improvement in the job market. the job to applicant ratio were covered to the best level in 45 years in august 2018 the government at the time touted improvements in the job market as one of the major compliments of abenomics. the gdp growth hit 2.6% in

fiscal year 2013 but after that growth remain between zero and 1% and some were feeling skeptical about the viability of abenomics. fast-forward to 2022, the world is battling surging inflation and central banks are tightening policies and even to this day the doj has not f on the massive monetary easing as it aims to pull the country out of inflation. it's a promise that they said they must and will fulfill. >> in japan there have been several incidents in which politicians and other key figures have been targeted with guns. >> in 1992 the vice president was shot at by a man from a white wing group.

and did 1994 the former prime minister was shot at by a former member. neither of them were injured. in 1990 the mayor was shot and seriously injured by a man longing to right wing. and the mayor was shot and killed by a member of an organized crime in 2007. in 1995 the head of the national police agency was shot and seriously injured in front of his apartment. >> the japanese prime minister spoke with reporters shortly after news broke after learning of shinzo abe's death. >> i hoped he would survive

but my prayers were in vain. i'm deeply sorry to hear the news and i have no words to express my feelings. i pray from the bottom of my heart that he may rest in peace . >> he also mentioned the upper house selection except for sunday saying we must protect the free and fair election and that is the foundation of democracy. the foreign ministers of the 222 countries are gathering for a meeting overshadowed by russia's ongoing invasion of ukraine.

it is a prince include the russian foreign minister and the u.s. secretary of state. the ukrainian foreign minister was also given a special invitation to take part. ukrainian conflict has driven a wedge between delegates my representatives from the g7 countries stepped out on a welcome dinner held thursday and japan said the diplomats decided that they did not want to sit in a friendly environment with their russian counterparts. the western countries and partners are expected to play moscow for triggering the ongoing global food crisis in particular they are expected to highlight the impact of choking out the ukrainian grain exports which are relied on by many middle eastern countries. the china foreign minister has already condemned the organized front against russia and on thursday he said beijing would oppose what he called a cold

war mentality in response to the situation in ukraine. we are going to take a look at world weather now. >> the southwest monsoon covered the whole of india earlier this month and a lot of heavy rain in the west coast including mumbai. flooding is taking place and there is a red alert. for the next three days areas will see torrential rain and it could lead to flooding as well as landslides. the high could be in the 20s meanwhile the remnants of the typhoon affected many places in the korean peninsula on thursday dropping heavy rainfall and flooding is taking place in parts of northern north korea.

in several error hours 130 millimeters of rainfall over the city and north korea that led to flooding and people were waving through the water in rivers of swollen. the sisters had -- system is headed western japan and they could see flooding during the weekend and remnants of the system made landfall so those errors could see rainfall in the next several days. tokyo could see cloudy conditions and there's a chance for rainfall on saturday at the daytime high will be 33 so watch out for heat stroke. the high in the mid 30s every day into early next week. it will remain unstable into monday and we will see the weather recovering as we go into saturday. in north america the weather will be pretty hot and humid across the southern areas of the u.s.. the high could be around 40

degrees although you could see a chance for thunderstorms in oakland. hot in washington dc as well on your friday.

that ends this edition.

thank you for joining us and do stay tuned for more. this is newsline biz. the former japanese prime minister, shinzo abe, was shot dead while supporting the election campaign of a party member and was known for his economic policy called abenomics. our reporter is at the tokyo stock exchange and tells us how the market has reacted and what shinzo abe tried to do for the economy . >> tokyo stocks had been

surging but when news rope at the former prime minister had been shot during lunch break from. the nikkei average ended the day up by 1/10 of a %. when expert sees it as a shock reaction saying there won't be specific implications politically as he had stepped down as head of the nation in september 2020. he implemented influential policies during his time in office and unveiled a comprehensive economic policy package that he called abenomics in late 2012 is his second term began. it would revive the japanese economy after two decades of deflation. the policies for aggressive monetary policy, robust spending and growth strategy to

boost private spending and they were referred as the three arrows. the arrows that changed the japan the most is the first one the aggressive monetary policy. in 23 the bank of japan governors began and president monetary easing in order to achieve 2% inflation in two years. the policy led to a weaker yen which help the earnings of japanese exporters and the nikkei average did well however easing is still in place almost a decade later with inflation recently hitting 2% due to her external factors, not a strong domestic economy. in other news, spending by japanese household slipped in may for the third straight month and mainly due to less money used for housing transport and communications. an internal

affairs ministry showed households of two or more people spent half a % less in may than a year earlier when adjusted for inflation and the average came to %288,000 or $2100. spending on housing dropped 7.5% as people use less on maintenance and repairs, transport and communications fell by 2% and the global semiconductor shortage hampered cars and systems leading to fewer purchases. expenditures on food to slipped half a % because people went out more and cook less at home as coronavirus case numbers declined that money used for apparel rose mainly due to brisk sales of summer clothes. the current account balance was in the black in may extending the street to four months with the surplus plunged by more than 90% from a year earlier is higher energy costs hit homes.

preliminary figures showed the surplus came to %120 billion or $940 billion and that is 3% from may of last year and is the smallest surplus since 1985 and the current account is the broadest measure of the trade and investment with the rest of the world and the trade deficit was almost %2 trillion or $14 billion. soaring prices of crude oil liquefied natural prices and pushed up to the highest level since 1996. it reflects interest and dividends from investments in overseas securities and higher dividends from foreign subsidiaries outside of japan where the main factors. reduced automobile production amid the global change shortages pushing up the value of used cars in japan. the average trading price hit a record high. used vehicle action firm said

june contract prices averaged over %1 million or $8000 and that is up 25% from the same month a year earlier. the figure surpassed %1 million for the first time in february and the global chip shortage and coronavirus lockdown continued to weigh heavy on the automobile industry. some models required more than six months between order and delivery and other models were not available for orders of all and that increased demand for used vehicles. new vehicle deliveries are delayed overseas as well and demand remains high for used automobiles imported from japan. the quality of some of the used vehicles are just as good as new ones and predicts the prices will remain high due to the weaker yen and high overseas demand. he also says the trend will likely continue

until automakers return to previous levels of production. let's see what's happening in the week ahead. members angel economies around the world are doing and it can have a big impact on currency and energy markets. germany's economic sentiment comes out tuesday. there was an uptick in june but the effects of russian sanctions and other factors are still weighing down year's biggest economy. the index is based on how experts think the economy will be doing over the next six months. on tuesday the u.s. treasury secretary will arrive in japan for a two day visit. for the meeting of

ministers and governors and it will be her first trip to japan since taken the post and will likely meet japanese officials to discuss technical cooperation in manufacturing. many participants are keeping a close eye on whether they will touch on exchange rates. the yen has been weakening against the dollar as the u.s. and japan opt for different monetary policies. and we will see if the policies could differ even more when the u.s. consumer prices for gene come out on wednesday. prices in may sword from those from a year earlier marking the biggest jump in 40 years. the fed is aggressively tightening its monetary policy to rein in inflation and the more concerning consumer prices are the bigger the interest rate the hike will be when they meet later in the month. a big factor for higher inflation are energy prices.

president biden will head to the middle east including a stop in saudi arabia. biden is expected to meet with the leaders of the world's biggest exporters but he says he will not directly ask them to increase production in order to curb crude prices and investors will still be closely watching whether the visit will have any influence on the market. record high prices at gas pumps are an issue in the run-up to the midterm congressional elections this fall. china will release its gdp on friday. many analysts say that country has contracted or grown at the lowest pace in over two years. the zero covid policy kept many people at home dealing a heavy load to demand and output in april and may. the government has been easing restrictions while rolling out stimulus measures. the rebound is expected in the

second half of this year but it may not be enough to hit the government's growth target for the year up around 5.5%. let's have a look at the markets.

from the newsline in tokyo, thanks for being with us. oñéñéx y

than ever before and that you one warren's are growing. billions of dollars are needed to prevent a global food crisis, but what is causing it? can we do something before it is too late? this is inside story. >> welcome to the program. i am sohail rahman. at