asahi tanker, matsui osk lines, and two other companies have launched the ambitious joint venture. ♪start with, they're hoping to put the world's first electric-powered tankers to commercial use in tokyo bay by 2022. the vessels are expected to cost significantly more than conventional models. >> translator: shipping plays a very important role in supporting society and regional infrastructure. the point is how to make this business environmentally sustainable. >> reporter: ichida says his industry is ready for radical change. he believes it will make the business more marketable and help attract young sailors in japan's tight labor market. while luxury-powered ferries are already being produced in europe, ichida's venture hopes to go much further. >> translator: we will make every vessel in japan electric. from tugboats to ferries to cargo ships and water buses. >> reporter: the country's shipping industry is also looking at using renewable energy. matsui osk lines joined a project to build a vessel powered by wind and hydrogen. the design envisions sails above deck and turbines bel

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japanese brewer asahi says it has won approval to sell its beer and cider brands to heineken.lude stella ois.la art it has prompted the possibility that it may need to sell assets. atl: let's take a quick look what is going on on the markets. the nikkei weaker by about .4%. up weakness in australia, and we've had encouraging news on coronavirus cases. just ate locally acquired cases in last 24 hours. we take a look at currencies as well and see strength in the u.s. dollar relative to what we have been seeing in the past. the aussie dollar showing a bit of weakness. the yuan showing strength against the greenback. we do have some guests coming up later today and will be talking the philippine central bank governor, so stay tuned for that onerview as we get some more philippines monetary policy. stay with us. this is bloomberg. ♪ paul: we are just waiting on australian retail sales for the month of november. we are seeing retail dragging on the border -- asx, indexes off ,y one third of a percent retailing weaker by .1%. it is unusual for these numbers to be late. the expectatio