the oecd left the growth projection for china unchanged at 6.5%, saying the country slow down was within the expected range. >>> policymakers at the indonesia central bank have cut its benchmark interest rate for the second time this year the move intended to ease policy and boost economic growth. bank indonesia held a meeting of its board of governors on thursday and decided to lower the rate from 7.25 to 7% exactly. the central bank had been cautious over lower rates, as its priority has been to control inflati inflation. even so, the first rate cut in january, after noting prices had leveled off. the officials said commodity prices appeared to be contained due to a decline in the price of crude oil. >>> the country's consumer price index in january increased 4.1%. that's within the bank's inflation range of 3 to 5%. officials also said they're also less concerned about the outflow of funds as the u.s. federal reserve is likely to rise the interest rate moderately. last year's gdb growth in indonesia was 4.7%, the lowest since 20009. it's believed to be a direct result of a plunge in t

china following the release of those figures. agrees that at ihs it highlights the growing divide between manufacturing and services. the basic picture is unchanged. china is a two-speed economy. manufacturing is going through tremendous stress. we are seeing readings that indicate contraction, or slowing pace of growth in industrial production, which is very much the story throughout 2015. i think we will see that in 2016 as well. hsbc's julia wang believes the chinese economy could be doing more to drive growth. >> measured using combined with more flexibility would make it easier for the pboc to deliver. i think this is a viable option, but at this point in time, for it to be nondestructive to growth might be tricky. it is not really the answer to the economic problem we have in china. it probably helps the margin, but it is not the solution. the solution is more fiscal expansion, commitment to turning mored the housing market, infrastructure investment, and more tax cuts to the corporate sector. angie: chris weston does not expect significant moves from the pboc ahead of the lunar new year. >> i struggle to believe they will do anything outra

unchanged at 2%. monday's economic data from china and lower oil prices cast a shadow on many markets in the asia-pacific region. take a look at south korea's seoul kospi index down by almost 1%. hong kong's hang seng declining by almost .8%. >>> japan's annual food exports hit a record high for the third straight year in 2015. government officials say the boom in japanese food product and the weaker yen making it more affordable led to the increase. agricultural ministry officials say exports in 2015 were a record 745 billion yen, or nearly $6.2 billion. that's up nearly 22% in yen terms from 2014. vegetable and fruit exports rose 44%. sales of apples to taiwan helped the rise. rice and other grains went up more than 35% as exports of brown rice gained in hong kong and singapore. processed food such as soy sauce, miso paste, and sake as well as seafood rose more than 20%. >> translator: the government and private companies will continue coordinated efforts to achieve an annual export target of 1 trillion yen, or about $8 billion. earlier than the original plan for 2020. >> he said japanese cuisine known

unchanged. which is that china is a two speed economy, the manufacturing sector is going through tremendous stresseing readings that indicate contraction or slowing. of pace of growth and industrial production. that is the story throughout 2015. i think we will see that in 2016, because manufacturing is facing a lot of headwinds through the restructuring, heavy industry, such as steel, cement, shipbuilding, operating with such a high level of unused capacity, and we saw only last week that the chinese government is announcing very large reductions in still capacity over the next couple of years. a similar picture and other areas with heavy manufacturing. meanwhile, light manufacturing is using competitiveness due to relatively high wage costs. such as low-cost assembly electronics. they are shifting to countries like vietnam, bangladesh. on the other hand, services are doing relatively well. because consumer demand is driving up growth in key areas of services. so, it is a two speed economy. i think the pmi readings that we are seeing continued to show that picture. rishaad: what about if you put

unchanged in december. on the same day a private survey will show the business activity of china's services sector. the services pmi hit a 17-month low in december. on friday japan's cabinet office will announce business conditions in december. in november, the coincident index, which identifies the current state of the economy, declined for the first time in two months. and officials at the u.s. labor department will release the jobs report for january. non-farm employers added 292,000 jobs in december, beating market expectations. >>> every monday, we invite a specialist to discuss events for the week. in this edition of "expert view" we hear from a director at the institute for indian economic studies. he is closely watching india's central bank monetary policy. >> i don't think it's about bank of india will change the policy at this juncture. it's because there are a series of important figures to be released after this announcement. the gdp for the third quarter from the october to december in 2015 and also the advance estimate of fully of national income and the cpi and iap index of industry

unchanged their forecast for nissan's total net profit for the year. they are expecting it to be their largest ever. >>> falling oil prices and china's slowdown are is casting shadow over the japanese economy. prices of goods traded among companies fell in january for the 10th straight month. officials at the bank of japan say the producer price index was down 3.1% from the same time last year. >>> the lower price of oil should please travelers on japan airlines and all nippon airways. they will drop their surcharges on international fares. tickets for one-way flights connecting japan and north measuring -- america and europe will fall more than $60. passengers from japan and mainland china will get about $13 off. >>> japanese people have spent years in the grips of a deflationary mind set caused by falling prices and wages but i met one ceo who believes that may be changing as more consumers are willing to spend for quality goods. it looks like like a regular camp site. [ speaking foreign language ] >> but this tent is actually pitched on the grounds of a unique company in central japan. the firm encourages its staff to spent time here for r & d and also r

china is open after the holiday. europe largely unchangedfter draghi says the ecb won't hesitate to act in a crisis. oil is a big story, russia and saudis agree to this production freeze. our road map begins with global volatility continuing. jim mcgoggin. >> and apollo and adt are in a deal. >> and the death of supreme court justice ascalia has creatd a firestorm. >>> first up, stock futures jumping sharply. saudi arabia, russia, qatar and venezuela agreeing to freeze output at january levels provide that other major exporters follow suit. crude prices rose off their highs of the morning. some analysts expected an agreement to cut production. that's not exactly what we're talking about now iran on the tape is saying, maybe, we still want our piece. >> that's going to be the question, iran and iraq as well who is also ramping up production to get money, it's an expensive fight it has on its hands with isis. that's the big caveat that oil producers will agree. before this announcement, brent crude was up as much as 5%. it's still higher. the

china for toyota. group sales for the nine-month total $180 billion, up 6.5%. operating profit was up 9%. the weaker yen boosted earnings. the forecasted earnings has been kept unchanged but the executives revised upward the forecast for 2015 net profit to $17. -- $19.4 billion. >>> disappointing u.s. economic data has weakened the dollar ahead of the release of key u.s. jobs figures. our business reporter has the details. >> we're in the middle of the earnings season and investors with increasingly worried about the stronger yen may pressure earnings of exporters. this is what we got for friday. tokyo fell for its straight session, it ended below 17,000 first time in a week. and the topic dropped 1.4%. the nikkei lost all of the gain it made last friday. the bank of japan stunned the market with its negative rate policy. it's fallen 4% for the week, about 700 points. many investors stayed on the sidelines ahead of earning from toyota, it closed down 1.9% before the earnings released. toshiba plunged 11% after the company revealed a bigger loss following the accounting scandal. sharp jumped another 10%, skyrocketing over 30% in just two days on reports of a possible t

china is open after the holiday. europe largely unchangedoil is a big story, russia and

china's markets are operating somewhat in a vacuum. whether that's a new development or not pays to pay a lot of attention to that especially today when we look at oil coming down close to unchangedabout that, rick. we're ignoring what happened in china and what's happening with oil and futures in positive territory. good point. >> i think these numbers are crazy and it's hard to know what to do with it. minus 4.6% in december, plus 4.9% in january. rick pointed to us this nondefense aircraft a proxy. up 3.9% this month, down 3.7%. boeing, and boeing reports its orders, 223 in december. did something like 60 or 70 in january. the government reports it is down 29%. it's crazy. you got to weight it. the better number is the claims number. i want to turn to jim bullard. this is the high frequent data best ignored. the ism on manufacturing show decline. people talk about the manufacturing sector being in version. we had softness in the service sector. what's your outlook and how much concern do you have for the growth outlook for the united states right now? >> i think this year will be better than last year in gdp growth and baseline forecast that most people have are for a better y

unchanged for an eighth straight month as expected. the central bank saying it is monitoring the effects of global policy changes on the slowly recovering economy. meantime in china, reuters reporting that the people's bank of china is cutting lending to zombie firms. they're also said to be stepping up the disposal of bad assets to promote mergers and acquisitions. also, supportive talk over the weekend from china. they also let the currency strengthen and the market jumped on that. we saw one of the biggest moves we've seen in decades for the chinese currency. >> exactly. just as everyone was leaning the other way. seems like they took the opportunity. >> pretty much wiping out most of the losses. >> let's get to more about asia overnight. major markets closing higher pretty much across the board. most experts warning that more volatility is likely to come. susan lee joins us here on set with that story this morning. >> good morning. yeah, i guess everybody was pricing in some sort of selloff when china opened up after the week long holidays. pre-emptively, we heard from the central bank governor ahead of the markets. everyone knew it was going to be under pres

china sea. russia has demonstrated its military capabilities to project itself as a global power, command respect for the west, in -- and advance russian interests globally. moscow's objectives in ukraine will probably remain unchanged including maintaining long-term influence and frustrating its attempt to integrate into western institutions. putin is the first leader since stalin to expand its territory. moscow's military venture into syria marks its first use since the foray into afghanistan of significant expeditionary combat power outside the post-soviet space. there interventions difference -- demonstrate improvements in russian capabilities and the kremlin's confidence in using them. moscow faces the reality of economic recession driven in large part by falling oil prices as well as sanctions. gdpia's nearly 4% contraction last year will probably extend into 2016. in the middle east and south asia there are more cross-border military operations underway in the middle east at any time since the 1973 arab-israeli war. in iraq forces will probably make incremental gains through the spring, some of those made in by ge and remodel he the past few months. their territory and manpower are shrinking but they remain a

china sea. russia has demonstrated its military capabilities to project ,tself as a global power command respect for the west, in advance russian interests globally. in ukrainejectives will probably remain unchangeduning -- including maintaining long-term influence and frustrating its attempt to integrate into western institutions. pigeon is the first leader -- why we're beaten is the first leader since stalin to expand its territory. vladimir putin is the first leader since stalin to expand its territory. faces the reality, however, of economic recession, driven in large part by falling oil prices as well as sanctions. nearly 4% gdp contraction last year will probably extended to 2016. in the mideast and south asia, there are more cross-border military operations in the mideast region than in any time since the 1973 arab war. forces -- andd isil forces will probably make incremental gains. is now somewhat on the defensive, and its manpower shrinking, but it remains a credible threat. in syria, pro-regime forces had the initiative, having made strategic aims -- strategic gains. manpower shortages will continue to undermine the syrian regime's ability to undermine battlefield objectives. its group

china pursues construction of its outpost. russia has demonstrated its military capabilities to project itself is a global power commanding respect in the west to maintaining domestic back and advanced western interest globally. moscow's objectives remain unchanged include maintaining influence over. putin is the 1st leaders and stalin to expand russia's territory. it's for into afghanistan, significant expeditionary combat power. its interventions demonstrate the improvements in russian military capabilities and the kremlin's confidence in using them. moscow phrases the reality of economic recession driven in large part by falling oil prices. russia's nearly 4 percent contraction last year will probably extending the 2016. the mideast there are more cross-border than at any time. in iraq anti- isil forces will make incremental gains. isil is somewhat on the defensive the initiative having made strategic gains north as well as and seven so. they continue to undermine the ability to accomplish strategic battlefield objectives. the opposition is less equipped and its groups lack unity. some 250,000 have been killed as the war has dragged on. meanwhile, humanitarian situation continues to deteriorate. as of last month approximately 4.4 million syri

china sea. russia has demonstrated capabilities to project itself is a global power, command respect from the west, maintain the mystic support for the regime in advance globally. moscow's objectives in the ukraine will probably remain unchangedncluding maintaining long-term influence over kiev and frustrated in his attempt to integrate into western institutions. putin is the first leaders in stalin to expand russians territory. moscow's military venture into syria marks its first few cents its foray into afghanistan, significant power outside of the post-soviet space. its interventions demonstrate the improvements in russian military capabilities and the kremlin's confidence in using them. moscow faces the reality however of economic recession driven in large part by falling oil prices as well as sanctions. russia's nearly 4% gdp contraction last year will probably extent well into 2016. south asia is an lebanese or more cross-border military operations underway in the mideast region than at any time since the 1973 arab israeli war. in iraq iso forces iraq will probably make it criminal gains through the spring and summer in the past few months. isis is now somewhat on the defenses and his territory manpower is shrinking but

china sea. russia has demonstrated its military capabilities to project itself as a global power, maintain domestic support for the regime and advance russian interests globally. moscow's objectives in ukraine will probably remain unchanged including maintaining long-term influence over kiev, and frustrating its attempts to integrate into western institutions. putin is the first leader since stalin to expand russia's territory. moscow's military venture into syria marks its first use since its foray into afghanistan of significant expeditionary combat power outside the post-soviet space. it demonstrates its military capabilities. moscow face ss the economic recession. russia's nearly 4% gdp contraction last year will probably extend into 2016. in the middle east and south asia there are more cross-border military operations under way in mideast than at any time since the 1973 arab-israeli war. anti-isil forces in iraq will probably make incremental gains through the spring, similar to those made in ramadi in the past few months. isil is now somewhat on the defensive in its territory and manpower are shrinking but it remains a formidable threat. in syria pro-regime forces have the initiative having made some strategic gai

china sea. russia has demonstrated capabilities to project itself is a global power, command respect from the west, maintain the mystic support for the regime in advance globally. moscow's objectives in the ukraine will probably remain unchangedncluding maintaining long-term influence over kiev and frustrated in his attempt to integrate into western institutions. putin is the first leaders in stalin to expand russians territory. moscow's military venture into syria marks its first few cents its foray into afghanistan, significant power outside of the post-soviet space. its interventions demonstrate the improvements in russian military capabilities and the kremlin's confidence in using them. moscow faces the reality however of economic recession driven in large part by falling oil prices as well as sanctions. russia's nearly 4% gdp contraction last year will probably extent well into 2016. south asia is an lebanese or more cross-border military operations underway in the mideast region than at any time since the 1973 arab israeli war. in iraq iso forces iraq will probably make it criminal gains through the spring and summer in the past few months. isis is now somewhat on the defenses and his territory manpower is shrinking but