when fumio kishida _ through taxation policies. when fumio kishida was _ through taxation policies. fumio kishida was elected at i fumio kishida was elected at the new leader of the ruling liberal democratic party, he vowed to listen to the voices of the people. his decision not to raise the capital gains tax was chaired for his ability to listen to his voices of investors. now he has brought another victory to the ldp, voters will be closely watching whose voices he will be listening to next. that is mariko oi, of course. let's go to japan back to china where the personal information protection law comes into force today. it has some parallels with the eu cosmic gdp are, though there are important differences, too. it regulates the amount of information which can be held on natural persons within china and it applies to companies outside china, too. if a company such as microsoft, the new law appears to be the final straw for them so it has decided to shut down its social network link in china. isabel hylton is founder of china dialogue. good morning to you, isabel. just explain ho

why is the stock market so pleased with kishida's victory? >> as you mentioned, there was scenarios positive beforehand, but we are looking a little bit negative for kishida. kishida is not a super popular choice for prime minister and were a little afraid of what kind of performance he would bring when people went to the polls. he not only avoided the worst case scenario but keep didn't quite impressively, he lost 15 seats. a lot of predictions were expecting they would lose a lot more and the main opposition party had a bad day at the polls as well, so markets are happy to see the continuity. at the moment it is going to remain. the next thing we will look at will be the stimulus package. we should have more clarity on that by the end of the year. manus: ok, let's see when he delivers. kishidanomics, let's see what the difference was. it is day one at the u.n. climate summit in glasgow. the meeting follows on from the g20 in rome where the claimant deal fell short of what some nations were pushing for. it is not up to the negotiators -- it

japan is not taking any chances here with its current prime minister, fumio kishida, saying this is an emergency precaution to prevent, in his words, a worst-case scenario. listen to this from the prime minister. >> translator: we will ban all new entries of foreign nationals from all over the world as of november 30th. >> prime minister kishida wants to avoid the sort of political fallout and criticism that brought about the fall and the resignation of his predecessor in september. the former prime minister of japan, suda, he was roundly criticized for his slow response in his handling of the delta variant, and the current prime minister of japan, prime minister kishida, he will hold an emergency meeting on this latest variant, omicron, with his ministers, that meeting to take place shortly. kate? >> thank you so much. appreciate it. >>> president biden is vowing that shutdowns like we saw at the beginning of the pandemic are off the table for now. and he's defending his travel ban on eight south african nations. the president admitting that it will not prevent the variant from coming

kishida will pursue defense policies to battle china. will accelerate japan's post-pandemic recovery. he has only been in office for a month and nt stocks surging as investors breathe a sigh of relief after this calming effect on japanese politics. these three countries have maintained strict covid containment measures and travel restrictions but with vaccination rates rising in thailand, australia and israel, each country has decided to cautiously reopen. the australian border has been closed for some three months now. >> this mother had not seen her daughter for almost two years. emotions overflowed at city airport as it became the scene of one of the first family reunions as australia closed its borders at the epic of the pandemic. loved ones have split across continents and tens of thousands ternationals are stranded across these. the few people that did gain permission to enter were forced to spend thousands of dollars on a strict quarantine. these conditions have been dropped for australians traveling from sydney to melbourne. it i

japan's governing party has retained power with fumio kishida in charge was not what does he have in

in japan, fumio kishida avoided the worst case scenario when his government won enough seats to preserve outright majority. still, the prime minister was left with a smaller margin to push through his policies. global news 24 hours a day on-air and on bloomberg quicktake. powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. >> certain countries have an doing a fantastic job, most of the time because they have had the resources to get vaccines, but the vast majority of the world is stuck at the starting line. jonathan: great to hear from dr. andy pekosz. up 20 on the s&p, advancing 0.4 %. yield up. crude just south of 84. love this from the washington post. in an interview aboard the government airplane somewhere over the alps, secretary yellen on sunday said democrats should be willing to approve affixed to the nation's debt ceiling without gop support. subtle shift on a key issue. lisa: i wonder how much this indicates a lack of feeling that there is going to be consensus to avoid defaulting. otherwise, why make this subtle shift? jonathan: are we

the first one is short but the second and third, i think ashita -- kishida will be innovating the japanesendustry to do that. reporter: we have heard those promises before so we will be waiting patiently to see if this prime minister, not the revolving door prime minister ship will get it done. i want to ask about the broader economy. we had others at the doj last week to downgrade the inflation look to zero. the outlook for gdp. experts are weak because of transportation bottlenecks. 114, yen to the dollar will help but is that negated by these transportation bottlenecks? supply chain pain we are seeing? guest: as far as the covid-19 impact is prevailing in the southeastern asia and the height of price of energy will going to have a negative impact of the japanese economy. i think even covid-19, it is working. the asian dutch economy will recover from that. i believe the middle of 2022. i think we will have a better position to do that. as you pointed out, before that, summertime and next year, we will have an election with the other house. they will show how their administration can real

we are also positive on kishida's stimulus plans. so we remain positive on japan.aula: your thoughts on the news out of china today. the ministry of industry telling tencent to stop creating new apps, stop updating its existing ones. is it too soon to be investing in chinese tech again, for you? james: to be clear, we have been pretty cautious on china for a long time. before everything happened this year, we have been staying cautious exactly because of the regulatory risk. i think right now, it is time that we have to look at some interesting opportunities. our main focus has been the alignment of interests. we are trying to align with the chinese government. so any business or sector that aligns with the interest of the chinese government will be an area of focus to look at. paula: could you be more specific? which areas of interest do you see have the alignment are looking for? james: one area would be obviously technology, trying to replace foreign technology and trying to supply internally. replacing the technology is one area. that will be in areas like semi

we will hear from prime minister kishida at 1:00 p.m. eastern.g more on oil here, a big comeback taking place. that's what's going on, five point 5% up for new york crude. there's also a bit of movement in the metals space as well, iron ore futures rebounding, climbing almost 8% right now. metals rallying amongst all this other depressing news. let's keep the focus on oil and bring in editor andrew james. oil very much the moment and focus, particularly with the news last week with the strategic reserves of various countries that will be released gradually, and on top of that, the opec-plus meeting that is upcoming and how they respond to that move as well. tell us about these moving parts. reporter: hi, rish. to a certain extent, the big plans we've seen friday has given opec-plus a bit of cover i think to pause the restoration of supplied to january. we were already getting indications that they were intentionally going to pause it in a response to the coordinated reserves. we saw the massive jump friday. it is looking increasingly likely they

japan prime minister kishida said in response to the most recent launch, quote, we cannot overlook north's most recent development in this whole technology and must work with them and the threat, work to address the threat in the region. so a number of years ago, senator toomey and i worked together and the congress passed something called the brink act, the otto warmbier brink act, and it requires the executive branch to impose secondary sanctions on financial institutions that are helping north korea escape the sanctions regime. i think we need to do a better job to ensure we're imposing those sanctions because it seems to be a pretty leaky sanctions regime right now. given the interests that japan and south korea have in addressing the ongoing threat from north korea, what should the biden administration be doing to address this threat? >> senator van hollen, thank you for the question. i would like to note since we usually -- we're usually in the first class together and we got elected together, we talk. i think north korea's recent actions in just the past month, a number of tests o