japan. officials accuse her of violating the territory's national security law. police say the 23-year-old was arrested when she returned to hong kong last month. they say her online comments were aimed at promoting the territory's independence movement. she was released on bail but authorities took away her passport. this is believed to be the first time the national security law has been applied to activities in japan. it went into force three years ago. it's meant to crack down on anti-government activities including those carried out overseas. japanese experts are warning people authorities can apply the law to comments made anywhere in the world. >>> the chinese foreign minister has blamed activists in taiwan seeking independence from china and a handful of countries for undermining stability across the taiwan strait. he said at an international forum taiwan has been part of chinese territory sinceane sh a times and both sides of the strait belong to china. >> translator: it is not the

now, the launch sent some in japan looking for shelter. the government issued an alert saying the missile could hit the country, then it dropped the warning. this incident and more are raising questions about the alert system's credibility. and one expert is calling for improvements. nhk world's ishita arisa reports. >> reporter: it was a startling morning for people in japan's north, including tourists from taiwan. >> nervous. nervous. the first time i've received an emergency alarm. >> reporter: trains were brought to a standstill, and schools delayed classes. it was the second time the jay alert had been issued. the government says it sent out a warning about 30 minutes after becoming aware of the missile. it was the first time the alert was issued on the assumption a missile could hit japanese territory. 20 minutes later the government said that was no longer a possibility. the prime minister says it was appropriate to issue the alert. >> translator: the decision was made on the basis of prioritizing the safety of the public. >> report

we start in japan. the government officially announced thursday it'll downgrade covid-19 to its lowest legal classification level. it will soon consider the illness to be on par with seasonal influenza. >> translator: the expert panel finally confirmed there will be no special circumstances that would change the scientific premise. our ministry has decided to reclassify covid-19 to category five starting may 8th. >> the illness is currently in category two. that allows the government to put strict measures in effect. the health ministry says the downgrade will improve health care access for patients with covid-19. it aims for 64,000 facilities nationwide to offer outpatient care for people with the illness and calls for test results and outpatient care after a positive diagnosis will fall on the patient. the ministry will continue to recommend people with covid-19 stay home for five days starting the day after symptoms appear. >>> officials initially intended to lift covid-19 border restrictions to coin

japan had a limited economy. there was no threat that they could ever invade the west coast of the united states. but hitler was a mortal threat and our military wanted to delay any involvement in war until we had a chance to build up. but their concern was hitler. and they said to. a whole new terrors about whatever you do, don't get involved with japan because that put us into a two front war. they were not prepared for a two front war. so there was delay on the part of the military. but that delay was a qualified delay. delay to hull and his advisers, as was just put the japanese off and will just play little long for time and of course, delay to the japanese meant we're getting weaker every day that is as it freezes in place and they're getting stronger because they're rebuilding their military. so they said there's got to be a deadline who either haven't agreement or we're going to fight. and so in the end, even though there was a chance for agreeing an agreement, it fell through. and we had pearl harbor. so

japan's trade balance has now been in the red for 20 straight months. now, one economist says japan will probably continue to have wide trade deficits. >> translator: there has been a lull in the impact of higher resource costs and the weaker yen. import prices are declining, and those effects are diminishing. slow downs in overseas economies mainly in the united states and europe are widely expected, so i think exports will remain sluggish for a while. imports will also stay weak. it's difficult for japan to avoid trade deficits. >> she says companies need to diversify procurement sources and sales chams to reduce risk. >> translator: japanese firms must readjust the scale of their domestic versus overseas production and avoid concentration in one area or location. >> oshiba says what's important is whether companies are able to produce internationally competitive products after decarbonization advance in the company. she says action by government and company responses are needed to turn the trade deficit into a surplus. >>> and u.s. electric vehicle m

also saw the yields situation in japan. kathleen hays is at the boj this morning and has been covering what to expect this week. i think all of us together were quite shocked when we saw that nikkei line sore early on in this decision. what are we looking ahead to in the next few hours? kathleen: we are going to look for some clarification for starters, and when all of us saw that one of the headlines which the boj as expected is not going to modify its yield curve control policy, that was something. but also saying that they were going to alter therefore it guidance. -- alter their forward guidance. the deputy governor spoke to us yesterday and he said they could lead a change and collect a change of forward guidance by taking their reference to making monetary policy potentially for more easing, looking at what inflation is doing and keeping inflation lower. to the fact that the government is changing, they will drop more references to covid. at any rate, it is still shocking we got this leak from the nikkei, so close to

earlier we spoke about japan's security. >> so what is the diplomatic move say about japan's security environment and the threat posed by north korea. >> north korea poses a grave and imminent threat to japan's national security. it points out that company has repeatedly launched ballistic missiles in an unprecedented frequency and manner. it's just the latest example. in fact, the diplomatic blue book describes the environment around japan as the most severe since the end of world war ii. this is not just because of north korea's nuclear and missile development. it is also because of china's military buildup. >> and suyoshi, what is the biggest feature of this year's diplomatic blue book. >> last year's invasion of ukraine, it strongly condemned russia's inaggressiaggression a outrageous act. it says the war in ukraine is a global crisis, and the international community is at the turning point in history. china is also prominent in this year's report. the group says it's the biggest strategic challenge to international order. it argues this is a key issue for japan and all like minde

i thank japan. one of canada's most important defense partners in the endo pacific region for this strong relationship based on shared values, economic links, and people to people ties. what's more is that this japan nato partnership seems to have been in the works behind closed doors for a while. back in january and stoughton berg made an important visit to tokyo, less than a month after japan unveiled its biggest military build up since world war 2 hills . the real purpose of its indo pacific strategy that is to encircle china. as japan re militarize us for the 1st time since world war 2 and canada asserts a military presence in the pacific. the western august military alliance seems to be preparing for war with china as well. specifically with australia planning to construct a nuclear powered submarine fleet. all things considered it doesn't exactly looked like no nieto is involved in defensive operations on the other side of the globe. well, for more in this less cross to hong kong, speak to spe

in japan , it ended as abruptly as it began, but the sakura was unstoppable.o this year, sakura bloomed a week and a half earlier than usual, and the peak fell on a cold snap and rains, gloomy rainy clouds, not the best fund for admiring flowers in the daytime, but in the evening the backlight turns on in the sakura quarters of the city, and in this form and bad weather for hanami is not a hindrance. the streets of the city turn into colorful tunnels, admire, which you can without leaving the car. although from the point of view of traffic rules to do. this is of course not recommended. beautiful illuminations in iconic places such as, for example, here near the walls of the imperial palace in tokyo appeared relatively recently, all these trees were planted in the late fifties of the last century, according to the conditions. they are not suitable here. they often get sick to monitor their health, which is technically very complex and incredibly expensive, but for the sake of such beauty, the japanese do not spare money. bloom cherry blossom season is a specia

we begin with the developing story off japan's southern coast. japan's defense ministry says it's lost track of a helicopter that may have been carrying a high ranking officer in the ground self-defense force. the gsds black hawk was flying near the island in okinawa prefecture. it disappeared from radar at around 4:30 p.m. on thursday. the helicopter had ten people onboard, and official sources say that number may include a gsds division commander. search efforts have been launched involving self-defense force units and japan's coast guard. >>> taiwan's president has held high profile talks in los angeles despite threats from beijing. tsai ing-wen spoke with u.s. house speaker kevin mccarthy. he said the challenges facing taiwan's democracy unprecedented. tsai was returning from visits to central america and made a stopover in california. she met with mccarthy and other lawmakers both republicans and democrats orchestrated to show solidarity. >> to preserve peace we must be strong. i would like to add that when we are together. >> mccarthsy is t

in japan. so in the summer of 1885, eliza and her mother went off to visit george in japan, and it became life changing for both of them. so mrs. skidmore decides to live in japan with her son and so what this does is it gives eliza a part time home in japan. she started writing about japan. she wrote a very influential book on japan that was published in 1891, and she became recognized in america as an authority on japan, a country that people in america knew almost nothing about at the time. besides having this part time home in japan, she had a base for traveling around larger asia, so she ended up writing books on java, japan, china, india. she wrote for many major magazines of the day, and so she just had an extraordinary record. and i one of the fun things in the book is to find some of these episodes where she suddenly turns up like in the philippines after the spanish american war in 1899 and the day she arrives, there was an insurrection. and it's like, you know, this can't be true bec

in japan.arclays says the yen is set to regain its status as a preeminent currency haven. as the boj normalizes policy ended the inflation stock starts to wane. let's bring in fx and rates strategist david. if the boj does leave policy unchanged, what should the dollar yen jgb traders be watching out for today? david: yeah, that's a good question because governor ueda has indicated that there will be a change but then markets go that's fine, what about down the line? a lot of yen traders will be looking forward to opening the door basically for the curve control meeting in june or july. the outlook report for today, the way that the boj thinks and the wording and the statement, markets will take that quickly and run with it. but if they literally push back against that, saying we are not seeing anything in the need to change policy, that could be changed to september. it's very disappointing indeed and they're pushing higher to the 135 or above that. the fed is hawkish week. while ueda may say

the bank of japan will welcome a new chief from sunday.he incoming governor first news conference on monday will be closely watched. and wednesday brings japan's used vehicle sales figures for march, an important indicator for the auto industry and the economy. that's why the used car market is our feature biz pick this week. sales of secondhand cars were in a long rut. this blue line had not broken above zero for 20 consecutive months through january. this bump was drawn out as auto makers cut production of new cars due to the global chip shortage and the coronavirus pandemic. but the question with new cars is fewer used car sales means fewer trade ins and eventually drives down the number of used vehicles on the market. but things may be turning around. new car sales have been recovering since last september, so if we extend this graph on used car sales to february, we see the lines finally breaking above zero. with supplies returning, prices of secondhand cars on the auction block are dropping according to major used vehicle auction hou

how is japan dealing with this class of interests? and well, i think in the last several years, a bose, russia and china have been a more isolated among the leading powers. but at the same time, the 2 pounds are trying to get our closing with the global south by having much closer link with the global pass countries. i think both russia and china and can avoid to be a minority, international community. the japanese, a stronger trade with china, of course. but the same time japan needs a stronger trade with india or some other countries or the global south. in the sense, if china and russia can have the global self countries leading global. so countries with them it would be a serious problem for japan as well. think says it is necessary for japan to be a friend, re a country to china. why trying to avoid a crisis happening in this region? i think there's a question that is asked quite a lot here in europe as well. how do you trade with a country like china, against whom you're also building defences? in the event that chinese assertiv

across japan it's definitely feeling warm and dry as well. and we are looking at some rain to pop up as we head toward the weekend, but then we get past that. we're seeing warm weather and then for the holiday wednesday through friday highs in the 20s in place. hope you have a good day wherever you are. >>> and that's all for this edition of nhk "newsline." i'm yoshi going saw waw raw oga. thanks for watching and do stay with us for more. ♪ >>> this is "news line biz" i'm gene otani. market players have been waiting for the bank of japan's first meeting under its new governor. policy makers say they'll continue long held monetary easing for the time being, but they also plan a review of their measures. the central bank is keeping its short-term bench mark interest rate in negative territory, and it aims to keep long-term rates around 0% by purchasing assets. the bank is also continuing its policy on ten-year government bonds preventing fluctuations of plus or minus 0.5%. that was set by the former governor. the bank has had to intervene multi

south korea and japan as we _ matter, japan? south korea and japan as we would _ matter, japan?apan as we would expect - matter, japan? south korea and japan as we would expect to - japan as we would expect to have this morning, and reiterated what they say that this is a breach of un security council resolutions, and that it threatens pcr in north—east asia because north korea is ploughing ahead with its nuclear weapons programme and it is building weapons that are increasingly sophisticated and that do pose a greater threat to south korea and japan. now, as i said, we don't know that aclei what missile have launched, you may get more details from the north koreans in the coming hours or perhaps days, but this is important, they are celebrating kim jong—un�*s iith they are celebrating kim jong—un�*s 11th year in power and we know that north korea likes to use these anniversaries to showcase military progress. so we may find out that it has been testing a new piece of technology and more threatening piece of technology. there is also something else that is concerning the authori

by the way, you mentioned the ambassador of ukraine to japan , serhiy torchynskyi, i agree with whats now an extremely important political and military-political ally, japan is a country that, by the way, is one of the most powerful in the big seven, we know that at the highest level , the big seven are meeting literally a month ago, it is very important to us that the entire big seven be introduced there continued to support ukraine, and now with japan, ukraine really has very important partnership relations, and it seems that on march 21 this year , the prime minister of japan was already here in kyiv, and ukraine signed a very important statement on global the partnership is serious with the japanese, and this partnership is financial, and i repeat, defense, humanitarian, and economic, and it is an important ally there in the far east, and that is why. by the way, there is another reason why russia is so nervous. i remind you that the northern territories russia calls the kuril islands are actually occupied the russian federation and russia understand that ukraine causes huge loss

i thank japan. one of canada's most important defense partners in the endo pacific region for this strong relationship based on shared values, economic links, and people to people ties. what's more is that this japan nato partnership seems to have been in the works behind closed doors for a while. back in january in stoughton berg made an important visit to tokyo, less than a month after japan unveiled it's biggest military build up since world war 2. a $320000000000.00 plan to buy missiles capable of striking china and prepare japan for sustained conflict. on surprisingly, beijing feels threatened and its own back yard us indo pacific strategy is in fact an attempt to gang up to form exclusive blocks to provoke a confrontation by plotting in asia pacific version of nato. its goal is to undermine regional integration through decoupling cutting chains. the u. s. claimed shaped the strategic environment in which china operates actually reveals the real purpose of its indo pacific strategy that is to e

else curve control is different in japan.lso aware of etf holdings to be a big challenge when it comes to a time when they need to exit. rishaad: our focus on japan continues and we get down to the boj meeting at the end of the week. this is bloomberg. ♪ the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com 92% still active? seems high. seriously? it's just a bike. wait. they make a treadmill with an intuitive speed knob? yeah. want to try? 92% stick with it, so can you. start a 30-day home trial today. terms apply. >> now it is more evident that the world economy will slow down significantly, so right now there is less pressure for interest rates to rise. this is look good chance for the boj to take the first step of its policy change. it could be this april or may term, but i think it is not

and by the way, not only for america and japan. think it is also very important for our other allies that no type and type of weapons from china be supplied to russia, even through north korea or through other third countries, because the most worrying concern was caused at the beginning of the year by possible china's and russia's plans to use north korea as such a transit country to supply, first of all, artillery shells and shells for russian hails so that they would then appear here and kill ukrainians so far these schemes have not worked they are blocked by our allies, but russia's plans, i think, have not changed, they will desperately look for opportunities to receive some kind of military military-technical assistance from china or from other countries , mr. valentine, you mentioned the chinese minister of defense , li shanfu, who was in moscow yesterday for easter. putin met with him, and putin is also the minister of defense. well, of course , he told china that xi jinping is the best , his personal friend, and emphasized

japan. the united states was at peace with that nation. and at the solicitation of japan was still in convoy sation with its government and its emperor looking toward the maintenance of peace in the pacific. indeed, one hour after japanese air squadrons had commenced bombing in the american of oahu, the japanese are to the united states and his colleague delivered to our secretary of state a proud reply to a recent american message. and while this reply stated that it seemed useless to continue the existing negotiation, it contained no threat or hint of war or armed attack. it will be recorded that the distance of hawaii from japan makes it obvious that attack was deliberately planned. many days or even weeks ago during the intervening time, the government has deliberately sought to deceive the united by false statements and expressions of hope for continued. the attack yesterday on the hawaiian has caused severe damage to american naval and military forces. yesterday, the japanese governmen

to be honest, i don't see a dire connection to the political climate in japan. the attack last year had a very specific reason. the attacker last year wanted to point out a political failure with regard to a sect that was very prevalent in japan and that had political ties. i don't believe that this time there was any relation with the current political climate in japan. initially i thought maybe it has to do with the g 7. obviously the mysterious meetings are taking place in the summer will be taking place next month . but at the moment i feel it's too early to really tell what might behind this but will security be tightened a given that the g 7 summit is coming up shortly? yes. yes. and they've already tightened in since last year. obviously police have been very nervous since then. there was a lot of criticism how they handled the attack last year. and i heard some extra talking earlier saying that there were more police compared to previous events. also of course heater is in office right now, so he would have more security detail on him anyway. but i think

japan's largest trading companies. they are going to benefit considerably over the next couple of decades. dani: martin, stay with us. that is martin malone, chief economic advisor at alpha book. i want to give you a view of what we are watching out for today and get you set up for your trading day. ex: 30 a.m. and u.k. time transfer first quarter gdp. the economy does to have held up throughout the quarter. also, cpi from france. spanish cpi at 8:00 a.m. and we expect countries inflation to have picked up in april. germany's first quarter gdp and cpi later today. at 10:00 a.m. euro area bp as a recession appears to have been avoided and sentiment stabilize. we will have u.s. employment cost index and pce, the one to watch out for today. coming up, speaking of u.s. data, we saw perhaps a mixed bag. gdp slightly weaker but inflation in the consumer coming in hot. markets see the glass as half-full i suppose. more on that next. this is bloomberg. ♪ and it's easier than ever to■ get your projects done right. inside, outsi

. japan issue temporary evacuation. now the u. s. president is meeting his irish counterpart in dublin. have these a life which as you can see, marco haines at the shoulder of joe biden, on gibbons, on a 3 day visit to either later he'll have talked to the prime minister, veronica, or for addressing parliament. it's, you know, from dublin co. brennan has more. what's expected from that meeting with the partners? that is quite a substantial diplomatic and political discussion that they'll be talking about talking about economic ties. they'll be talking about ukraine, they'll be talking about inflation. they'll be talking about the peace process as well in the north, and i think the, the delegation that joe biden has taken with him. secretary state anthony blinking is part of the delegation as well as the us secretary of agriculture is also part of that delegation. you can see that that's quite a substantial political and diplomatic, very meeting discussion that's going to be taking place later. i think the highlights of

as a series of provocations by japan, again staging to the table, he reminded me that it used to be japan who had been controlled by the us when he comes to with dr. industry development and now he argued that japan should not do the same to china, which is definitely detrimental to both china and japan and the 2 side also exchanges their views on a couple of issues regarding international regional issues such as a china, japan are okay. cooperation situations for financial lot and also the reform of the security council. as you know, that is strengthening of the judge japan alliance charging china has constituted a very long after disturbing factor for the china japan relationship. and during their talk, foreign minister can go make clear that the i want to hear a tell question is at the core of china's core interest and concern the political foundation of china, japan solutions. urging that the japanese side to refrain from interest, bring in that the long question or undermining china sovereignty form. so in fact, he said that it is the basis of mental trust and credibility in develop

never seen that japan before. so again, within less than one year today though, very fortunately, everyone everyone was on how and mr. t. c l. so nothing happened to him, that is the best thing happened. but what actually i see japan is very close country, you know, and japan is not like, you cannot compare japanese culture with any other kinds of different there because it is unique. so if i say that could be the reason i maybe you know, i would be wrong at the previous monitor, which actually who did, who murdered a mr. mr. abbey. so actually we did not know what was the reason, but the reason was very private. so it can be very private reason itself and he, maybe he's having something against a mr. casey or maybe you know, he's related is having something against him. so it can be, it is not really politically involved. maybe it can be private, it can be political, it can be, you know, we just, we can guess right now. and japan is since a society is very close, they don't disclose things like until unless they'

before we go, the equity space for japan. the nikkei is outperforming europe and the u.s., warren buffett is piling into japanese stocks, do you follow that rally? ben: i don't think we want to get on that train at the moment. a lot of that will have to do with a reopening in china, and the cyclical ties japan has with china. i don't think the china recovery story is a surge in imports, it is more of a domestic recovery story. that is not the cyclical element japan has enjoyed. not talking zero to japan, but a modest underweight, with a disappointing delta of growth. francine: the bank of japan is committed to stimulus for now, is there a worry of a policy mistake from the fed? ben: yes, there is always a risk of a policy mistake. particularly around these points of inflection. the anticipation, i think, is that the federal reserve will take note of both moderating, though not capitulating inflationary pressures, and the withdrawal of lending from the banking sector, particularly from small to medium-sized banks. therefore, w

and in this case, it's obviously the united states and japan. it is also or ought to see japan and south korea working together at the security level so closely given their past historical differences. william. yes indeed, you know, for the last few decades, especially even under the former south korean president of mu j in the bilateral relations between soul and tokyo have in fact, even dipped to the lowest point in decades. but i think since the new president came to power, he has really identify and clarify, i think, highlight the threats coming from both penguin and also the potential growing threat from b jane in reality, to south korea security and highlight the importance of mending the relationship with tokyo and then forming a much closer security and, and also strategic ties with japan because this, you know, they are facing the same threats coming from north korea and china. and at the same time, it's becoming more and more important for them to have a working and even friendly relationship. so that the coordination and i think shari

japan policy meeting.element of that as well. also, a big theme for markets at the moment is how quantities are performing. we are seeing part of it of downside trading as well. some pretty steep losses when it comes to all of this. this is bloomberg. ♪ ♪

and of course, the united states is and so as many bases here in japan. so we're trying to disrupt this cooperation would be an objective of the north koreans. however, this is only more likely to make japan more determined to continue building up its defenses to deter, to potential south korean attacks, and also potentially china and russia. and given what you say then, to what extent do you think north korea has become more assertive, it's miss on will. it's become very assertive them already in recent years. it's been retching up its scale of launches, but at least this year has been the doesn't launches both of the smaller scale short range missiles and cruise missiles, all the way up to ballistic intercontinental ballistic missiles out such as today's could have possibly been in the role so i was saying they were launching potential nuclear capable, some rain launched missiles. and just in the past of recent times, the lead i came, joe and his, the, his increased his rhetoric about increasing the north korean nuclear deterrence. so up, it's a buildin