. >>> joining us now akiko with the latest in japan. >> we're just watching a feed of president obama. marine one landing a short time ago in hiroshima. he'll be headed to the peace memorial park there, where he is expected to lay a wreath right by the arches which is right near that very spot where the u.s. dropped an atomic bomb on the city 71 years ago. there are still survivors in japan and this is a moment they have waited decades for. they are certainly not looking for an apology this time but they believe this visit will be a very symbolic one and one that will help the world recommit to a world without nuclear weapons. sueichi describes the day. he was five years old, knocked unconscious, his face badly burned. an experience that still badly haunts him 71 years later. >> i couldn't even recognize my mother's face because it was completely burned. charred dead bodies everybody where. people kept yelling give me water, give me water. the attack killed more than 70,000 people, just three days of after a nuclear attack on hiroshima. kiro hopes obama's visit today will shed now lig

back to you. >> akiko, thank you for bringing us that great interview. >>> we'll bring you a check on how the yen is trading with the g7 in the background and the japanese export data spooking investors a bit, but overall the surplus came in stronger than many expected. nevertheless, the dollar is weaker than the yen by half a percent. for more they are speperspectivg in simon derek, great to have you around the desk. we were just hearing mr. kuroda say there were no red lines when it comes to currency, do you believe that? >> well, if he says there is a red line, then instantly he's going to raise the ire of the other members of the g7 and g20, so by definition you have to say know to that. i do think if you look back historically, when you start to see these kinds of moves through certain levels, the bank of japan is moving us through this and does react. you can go back to 2004 and see exactly what was happening at the 105 level. yeah, i do think we start to get back to then 105 or 106 when the bank of japan says yes. the question is can they do something about it. >> one of the th

akiko fujita joins us live with what world leaders will be discussing. >> good morning. prime minister abe, the most himself is making headlines on the first day of the summit coming out and saying in the first session he's warning of another lehman-like event in the economy. specifically citing emerging markets and commodity prices are levels not seen since the crisis in 2008. saying commodity prices have dropped 55% since 2014 which he says is the same as the 55% drop right before the lehman collapse so that certainly making head lines on this first day but of course the global economy, the big topic of discussion here among the g7 leaders specifically on china. not just about the economic slowdown there and what kind of effect that could have on larger economies but also at it relates to the geopolitical risk and the territorial dispute in the south china sea. china of course lost in a tense debate with six other asian countries. g7 foreign minister have already released their own statement condemning coercive and unilateral actions. and while the u.n. has replain on

we are sitting down with akiko fujita with more. >> reporter: good morning to you.m negative interest rates to the fed, this is a wide-ranging conversation. but we started it by talking about the yen's move. finance ministry is the one that will ultimately decide if japan intervenes in the market or not, but the boj has been criticized for not acting in the last meeting despite the yep's appreciation. it has gained more than 10% on the dollar since the boj introduced our negative interest rate policy back in january. i asked governor kuroda whether there was a red line that the boj has set to affect the price target. he said that there was not in his words, he said it doesn't matter if the yen is at 100, 120 or whatever because the central bank will be looking at several factors including output expectations in addition to the exchange rate before opting to move forward with the easing policy. this has been called into question after the central bank delayed the inflation. here's what he had to say. >> i don't think our credibility has been reduced in any way. becau

akiko fujita, shanghai. >>> hackers strike at the heart of the global financial system. wooerl we'll tell you what they did and what it means. >>> an anti-counterfeiting group has suspended ali baba's membership. the international anti-counterfeiting coalition told members it had failed to inform the board about conflicts of interest involving an executive of the group. member companies had recently pushed back against alibaba's inclusion which some view as a marketplace for fakes. gucci america, michael kors and tiffany left the coalition because of alibaba's involvement. >>> facebook ceo zuckerberg defending against accusations of political bias which we told you about earlier this week. in an online post he wrote that facebook does not censor conservative topics and that the social media network does not permit the prioritization of one viewpoint over another. zuckerberg said he is conducting a full investigation and will reach out to conservative leaders to discuss the issue. >>> global bank hackers strike again. they found their way into the financial messaging syst

for "nightly business report," akiko fujita, japan. >>> still ahead, could rising wages for fast food workers back fire for the very people they're mean . a legal victory for google, siding with alphabet. the other day we told you the outcome of the trial could ripple through the entire software industry. theodore boza has the details from the courthouse now. >> after six years of litigation and plenty of increasingly heated back and forth between two tech giants, the jury in the courthouse behind me decided in favor of google. essentially they have decided that the company did not violate oracle's copy right when it used java programming to create android. we have since heard from both companies giving statements. let me read you the first from oracle. they said they brought this lawsuit to put a stop to google's illegal behavior. we believe there are numerous grounds for appeal. google for their part issued this statement. today's verdict that android makes fair use of java represents a win for the android ecosystem so the java programming community and for software developers who r

. >> akiko thank you very much. live in sendai japan. i've actually been there.is where the tsunami was and earthquake and very close to the nuclear disaster. >> japan or hong kong, which is your favorite? >> so difficult. i lived in hong kong so maybe that. but i love them both. >> cnbc.com a great picture of all the finance ministers in traditional japanese location, embracing the location. >> what is that the g7 meetings are all about. all about the photo ops. >>> taiwan naug rating its first female president, tsai ing-wen. . >>> another high profile person weighing in on brexit. canada prime minister justin trudeau wants the uk to remain in the eu. the comments after campaigners had argued canada was a potential model for britain if it left the union. betting odds today on the brexit issue indicating a 79% probability of britain voting to stay in the european union. this according to bet fair. the implied probability has increased about 9 percentage points in the past week. the pound also enjoying a decent week. it is off a bit today but as you can see at clo

akiko fujita joins us now from japan with all the details. >> good morning wilfred.tainly an emotional moment for the 180,000 atomic bomb survivors still living. they have waited 71 years to see this. president obama though not offering an apology but a larger vision of a world without nuclear weapons and the significance of hiroshima. >> death fell from the sky and the world was changed. a flash of light. and wall of fire destroyed a city. and demonstrated that mankind possessed the means to destroy itself. >> and here in ise-shima, leaders of the g7 countries offering a united front when it came to the statement that came out saying the nations who you would work in a cooperative manner but stopped short of ouring specifics on coordinated fiscal spending. prime minister abe speaking a short time after saying lead leader -- he said the leaders agreed on that. and the message was largely seemed aimed at domestic audience. he looked to clay the sales tax hike take a listen. >> translator: we rigorously debated the global economy at this time and agree it faces a great

akiko fujita has more on the story and joins us. >> good morning to you.l this was certainly an emotional moment for the 180,000 atomic bomb survivors who are still alive. seeing a sitting u.s. president visit that very site where the u.s. dropped an atomic bomb 71 years ago killing 141,000 people. he didn't offer an apology but he did talk about the larger vision for a nuclear free world saying specifically we have a shared responsibility to look directly into the eye of history. >> in the image of a mushroom cloud that rose into these skies, we are most starkly reminded of humanity's core contradiction, how the very spark that maps us as a species, our thought, imagination, language, tool making, our ability to set ourselves apart from nature and bend it to our will. those very things also give us the capacity for unmatched destruction. >> the president spoke with some atomic bomb survivors shortly after the speech. this was a speech carried out live across all networks here in japan. it wasn't without controversy. japans neighbors, china and south korea

. >> leaders are gathering in japan at the g7 summit today, abe shinze -- akiko fujita joins. >> leadersreement in where they believe the recovery stands. angela merkel saying she believes there is limited growth. shinze abe -- trade in the tpp also on the agenda here with the trade deal yet to be ratified. leaders agreeing to speed up the process, and taking effect next year. as for geo political risks, the territorial dispute in the south china sea dominating discussions but president obama saying g7 leaders also expressed concerns about the u.s. presidential election. >> they're rattled by it. and for good reason. because a lot of the proposals that he's made display either ignorance of world affairs or a cavalier attitude or uninterest -- an interest in getting tweets and headlines instead of actually getting through what it required to keep america safe. >> president obama there talking about donald trump. tomorrow the attention will shift to hiroshima, where president obama becomes the first sitting u.s. president to visit the site of the nuclear attack. he has made it clear he wil

akiko fujita is covering that in japan and jouns us right now. >> good morning. certainly the health of the global economy dominating discussions on the first day of the g7 summit by leaders divided over mr. they believe the recovery stands. merkel believes the economy is showing stable growth while prime minister abe here in japan warning of a lehman-like event specifically citing commodity prices and growth in emerging markets saying they were at levels not seen since the global priesz in 2008. trade also on the agenda here at g7. with the tpp yet to be ratified. and we heard from president obama talking about the progress that was made on that front. take a listen. >> we had a chance to talk about trade. not only tpp and our involvement in that, but also t tip. and recommitted ourselves to making sure we try to finish those negotiations by the end of the year and emphasize the importance of pushing back against either protectionism or competitive currency devaluations or the kinds of beggar thy neighbor strategies that all too often end up leaving everybody wo