has again cut its asia. outlook for sherry broke those lines for us half hour ago. >> for the second time in just months, the a.d.b. has cut china's growth forecast. of course, this is having an impact on the rest of the region. the bank now says growth in asia 5.8% this year and 6% in 2016. below its march forecast of 6.3% for both years. top of these growth prospects and india. first in china, a.d.b. sees growth at 6.8% this year. 7.2% projected earlier. of course, that's lower than of about 7%,arget already the slowest pace in a quarter century. so growth in industrial 1.9%mies i is also easing to in 2015, down from the 2.2% march.t in this is because of consumption and investment, not to mention and japan had a tough time in the first half. report,aways from the capital outflows from developing asian markets remain a key for the bank. the bank now says asia could be the u.s. inllow raising rates to contain capital flow reversals. the bank warns a strengthening u.s. dollar poses companies withan large for

that will hang over asia for some time.ign of relief or currencies in the near term, but longer, the threat of capital outflow, the threat of the stronger dollar and more pressure on the our work will remain. rishaad: is that why there was one person in the fomc looking at this and saying that we should have negative rates? enda: that is all part of the consideration. for the first time we have seen inbal markets but events china and asia being a significant factor in their thinking. it is shaping the global outlook. rishaad: that was something we were not talking about going into this? we thought that fed would only look at what was happening i domestic we. even inside the u.s., inflation is not taking up. enda: they have other positive signals on consumption. domestically in america, you can rate hike.a hik we are now seeing what happens in china impacts the global markets, and that has impacted how the fed -- gets their decision. fedaad: the body of the changes all the time. we could have a different looking fed in janua

reporter: how much brighter picture in asia. asia still in in the red. trading day of the quarter. not a great one for investors. the asia-pacific index closing at its lowest level since 2012. but overnight, risk sentiment stabilized. japan and also a story which was hit hard yesterday by the route inequities. the index looking a lot greener than yesterday. we are focused on the chinese automakers. trying toe auto tax, boost sales of cars and moving into more green tech knowledge he created great wall motor, listed in shanghai and on the market here in hong kong. shares up by 17.5%. uid has also received an a trade, doing very well. readaic motor, up to credit suisse upgrading the stock. a good pickup in the auto industry in china. thank you so much. let's talk about the car stocks. moving faster than first gear. cut, in aunced the sales tax for autos after deliveries fell for the fifth consecutive month. let's go to david ingles. >david: it is the argument when it comes for fiscal policy. is it better to spend the money or put it in the pocket of consumers. i will get you the deta

all of these organizations include countries in southeast asia, some oceana, south asia as well.t's much larger than just japan, south korea, and china. those three countries are a member of all, but they do have very large memberships. and i think that a lot of it is focused on the experience nuclear countries can tell the countries looking to develop nuke char pow nuclear power what to do. how do we do nuclear security and safeguards. not necessarily cooperation among the experienced nuclear count countries. but also to be blunt, a lot of these i think are kind of talk shops. you come and talk about things but there's no enforcement of it or really have some sort of check to make sure that what you've talked about is going to be put into practice. so i think this kind of gets to the cooperation is good talking about it is good, but what does it mean in the end? so maybe that's where the napci proposal is trying to get at. on the international level, the iaea also does this. the iaea has teams. these operational safety review teams that will come in and inspect reactors to look

we are "asia edge," heading back to the milton asia summit in singapore, joined by the atlas merchanthis is a special global edition of bloomberg "surveillance" in prime time. from new york, here are tom keene and michael mckee. tom: good evening, everyone. we are here on a beautiful day north of new york city for one of our most anticipated events in the history of bloomberg "surveillance." this is 114 acres north of new york city. michael: a short ride.

where i think they have more insight is since they are in asia come in southeast asia, they have a betternderstanding of what all of the changes and all of the movement that is happening in the economy there, what that means for equities across the globe. i think they try to use that insight, and use different equities slightly tweaking them. again, their preferences are similar in many ways to u.s. preferences. apple would be the number one held and traded stock. that is virtually the case in the u.s. as well. you aboutave to ask the commodity route, in asia we see that impact certain nations here that are exporters, but to offset that, to hedge that, how will that affect consumer behavior in the u.s.? what do you think? ,teve: we talk about it a lot because the individual names that some people might hold, they would appreciate it as well , remember that is a tangible benefit to most people here. everyone is a consumer of something energy-related. as we get to the holiday season later in the year, i think you may see some benefits of cheaper energy across not only the industries, but ac

tableau software asia-pacific vice president.g up next, the third time was not a charm for india. but will a fourth rate cut do the trick? we will be live for details on the interest rate decision, next. ♪ yvonne: india makes its latest rate decision and a few hours. economists expect a cut for the fourth time this year. let's pass it over live to bloomberg tv india. cut is likelynt to happen. rajan is juggling inflation targets with political interestto slash rates. 42 out of 52 economists expect a rate cut. it is the rate at which the reserve bank of india lends funds to banks. a consistent downward trend in recent months. the u.s. federal reserve has given a bit of breathing space to try to act on the right front. -- rate front. is from the finance minister and the chief economic adviser, who said that the time is just right for a rate cut. most likely, he is eating the calls for ading the bigger dose of rate cuts. a monsoon and the impact it will have on food prices. food makes up nearly 50% of the basket. this should not lea

so asia knew her assignment would be shorter. >> reporter: asia was one of three d.c.olers flying to california on 9/11 on a national geographic scholars program. her dad had dropped her off at dulles. yeah. got my hug, got my kiss. she said i'll see you, see you when she gets back, see you soon. >> reporter: on his way back to work he heard the news about the planes crashing into the world trade center and then the jet piercing the pentagon. >> pretty much i knew then because i told two of my co- workers, i said that's my daughter's plane. >> reporter: asia's parents still grieve. >> don't get no easier of. >> reporter: but they remember asia by making the lives of dozens of other young people better. >> i believe if she was here now, she would be like a big sister figure. >> reporter: in 14 years her parents asia cotham foundation has given out 85 scholarships worth a total $250,000 to college and graduate students who want to make the world a better place. including herbert jackson, iii, at the howard university did i vin -- divinity school. >> it's the experience o

this is "asia edge." on stimulus.china will do more to bolster flagging growth. mountains of debt -- china's corporate borrowing is soaring as banks struggle with the most loans since 2008 -- most bad loans since 2008. a u.s. rate hike could be a boost for asia as the chinese economy struggles. rishaad: the singapore government getting back to work after a resounding election victory. japanese mobile covers -- carriers plunge. and privacy for profits. to the talk about -- chief executive of a company that vows to keep your communication safe. all that and more on this monday edition of "asia edge." : we are seeing again across the asia-pacific. hong kong is leading the way. --t is due to the investor the sentiment that china will come up with additional stimulus. everyone watching very closely.

let's take a look at asia's weakest currency this quarter and let's go live to our southeast asia correspondent has -- currency continues to slump. >> that's right and it's hard to see the safe haven this point in regard to other currencies struggling to find a bottom down . now set for its biggest quarterly loss since 1997. -- it droppingth the most in the region, falling 18%. , the central bank has been intervening. reserves make it more susceptible to the selloff in emerging markets. theth noting, moody says reserves are enough about their adequacy is weaker in southeast asia, hence what we see right now. there are other reasons for the weakness like low oil prices, malaysia. the oil slump hurting earnings. economicchina's slowdown, the impending u.s. rate hike, and the scandal involving the prime minister adding up. angie: what has the response in from government -- been from government and has a central bank come out and made remarks about malaysia's economy? >> to central bank governors says she wants to see the norency stabilize but has specific target level for a. she reiterated the wea

all that and more on this monday edition of "asia edge." : we are seeing again across the asia-pacific. hong kong is leading the way. --t is due to the investor the sentiment that china will come up with additional stimulus. everyone watching very closely. they tell us what we have been seeing for the past two months, the slowdown in china continues. the shanghai composite down 1%. it started the day higher, now reversing course, lower by about 1% in the session. gains in australia. the asx 200 up by 1/2 of 1%. the topix moving as well. the singapore strait times index is down by 1/3 of 1%. a lot of movement in the telecom space. and some of the tech names moving. pioneer is up nearly 4%. 5.4%.ta, technology is a theme in the markets. as you look at the hang seng in hong kong, lenovo one of the big movers in the session. tech defying the overall trend in the market today, which is "wait and see." we wait for the fed and the bank of japan tomorrow. shery: chinese companies are building up debt at the fastest pace in three years as it gets harder for them to finance growth. with efforts

alibaba has lost its top spot as asia's largest internet company.ve been tracking this. $.10 taking the lead. reporter: alibaba has missed revenue for the past two hasters, whereas tencent just started monetizing its revenue. on the other hand, even though they really want more than 50% revenue to come from outside of china, it is more like 83% right now in china. rishaad: what is alibaba doing wrong? i think it's more in a few of expectation from investors because they promised so much when they were doing the ipo. but what is really happening is they have a lot of long-term growth expectations that they are trying to invest in. but these take time to actually grow and actually asked and. in terms of short-term growth, you are seeing them struggling a bit. especially in the next corner, this is continuing, something that might continue throughout. they say that they expect a relatively tough quarter next, and the growth merchant is only going to post single digit growth. we have had a few lines on that story, they are trying to been it off. reporte

hit commodityo exporters in asia as well. to look out for, net capital outflows from asia, remain a key concern. the bank now says that policy to contain necessary destabilizing a capital flow reversal. may mean asia may be forced to follow the u.s. in raising also. the strength in the u.s. dollar posing a threat to asian with large foreign currency exposure. those are the key takeaways from report.s back to you. >> all right. thanks. well, the chinese president is u.s. today for his first state visit. couple ofuest says a difference and a few trade deals hide major differences between the two powers. withe joined today, along our very own steven. so first up, seattle, where from. is a safe place they say, where a lot of xi's predecessors have gone before. are you thinking about the relationship now? two years ago, when these two very custody di. >> well -- cuddly. >> yes. let's more problems now. but the major problem for china now, going to the united states, is to convince the americans and the world, the corporate world,

oming up, "asia edge." ♪ mark: i'm mark halperin.nd i'm john heilemann, and with all due respect to cnn, we really appreciate all that native advertising. >> with all due respect -- >> with all due respect -- >> with all due respect -- ♪ mark: happy national hangover day , sports fans, if you were playing any republican drinking games. speaking of parties, since the debate, candidates did their best victory laps this morning, and although there really is only one true winner, her name rhymes with gnarly. she was nothing if not on message. >> joining us now, carly

we see a rally in asia, japan and across asia.y much what we have seen for the last six years and this type of quantitative easing coming this type of easing policy allows equities to continue to balloon. as long as you believe that story his impact, equity markets should continue to improve. anna: we have stories coming across asia for the last 24 hours. the hong kong dollar, let's talk about that because in your fx background, there have been a lot of questions about currencies and whether they will last. the current diverse policies we see exercise by the fed and under the pd ooc have the hong kong monetary authorities. peter: the one currency that is really trapped between a rock and a hard place. it is holding the dollar and the fed to policy. it is throwing the kitchen sink at the situation. the problem that it is. --don't believe it will be we think it has a lot of sense to have the stability of the dollar-hong kong peg. with think it has the reserves to supported despite the recent drawdown and in china. at this point, we

you're watching "asia edge."ry that gave the world sushi now finds itself with an over supply of fish. demand for seafood in japan has been falling over the past few years. more people choose to eat meat. that's really forcing fishermen to look to their neighbors now for new markets. >> making the perfect cut to deliver that delicate piece of sushi. looks easy but it's a culinary skill that japanese chefs take years to master and it all starts right here at the port with the right selection of fish. and this growing global competition although who has he best catch? exports for the industry still worth around $12 billion a year but number of fishermen has almost halved in 20 years. japanese seafood exports rose 30% in the first half of this year alone helped largely by a weakening yen. >> we have been trying to export more fresh fish to japanese restaurants in asia. they have been on the rise globally so we expect the demand for fresh fish to grow rapidly. we've recently opened a restaurant in singapore where we

of the founding of the economic community. [ speaking foreign language ] ♪ >> in this episode of "asia we take a look at dwept in da nang, meeting with business people hoping to benefit from the opening of the east-west coast economic corridor. >> the redevelopment of da nang has been under way since 1998. when the east-west economic corridor was launched. and particular focus has been placed on the modernization of the port system. tien sa, the main terminal, has a 12 meter deep area which enables these cargo ships to dock. it was originally built during the vietnam war for american military vessels. although it was severely out of repair, it can now handle five times more containers than before, thanks to an extensive makeover. a further round of construction commencing at the end of 2015 is expected to double the size of the port. once completed, it will cater for even larger vessels. [ speaking foreign language ] >> currently some 10,000 trucks drive through tien sa every month, including those from other countries. this diner close to the entrance has been in business for many yea

asia leading the gains.t is what lego reported this morning. -- putsdown in china is future growth at risk. joining us now is the lego cfo, john goodwin. great to have you with us. massive sales in china. i guess for me, i want to gauge whether this is a lego story or a china retail story. you tell me. -- did winthe lego the asia region has been the focus for the last three years. has been thechina big emphasis. we are continuing to see strong double-digit growth in that market. presence your physical , you have developed that in the last year. factory on-site domestically. you continuing to expand your physical presence in china? john: we are the facility we have been building comes on stream at the end of this calendar year. at the same time, we are committed to building our overall marketing and sales presence there. we are upping our consumer research to ensure we are getting those key insights to continue to innovate great break.s, behind our lego to allow us to grow and appeal to more children in the c

military policy in asia.he focus was mostly on the threat posed by china's military and its territorial expansion efforts in the south china sea. this is about an hour and a half. >> the senate armed services committee meets today to receive testimony on the u.s. policy in the asia pacific region. i want to thank our distinguished witnesses for appearing before us today and for your continued service to the nation. america's national interests in the asia pacific region are deep and enduring. we seek to have a peaceful expansion of free trade, free market and free commons air, sea and space and cyber. these are values that we share with increasing numbers of asia's citizens. for seven decades, administrations of both parties have worked with our friends and allies in the region to uphold this rules based order and enlist new partners in the shared effort. an effort that now extends to states like indonesia and vietnam. no country has benefitted more from a peaceful regional order in the region than china. i a

let's should the markets in asia.he first thing this monday morning in the region, to new zealand where it is gaining fractionally higher. the new zealand dollar spot bouncing back from the 1.8% down on friday. tied to the speculation on when the fed will raise rates. we are counting down to the opens in australia, japan, and korea. 25, more than 2% down. 25 -- 225 closed more than 2% down. we start with the g-20 talks where the chinese economy was at the top of the agenda. senior officials stressed that the worst of the turmoil was over and that calm will return to the markets. zeb is looking at the talk. sounded an optimistic tone and china is at the forefront given the market turmoil. had aded for core -- full-court press by policymakers trying to reassure partners of the g-20 that the chinese economy is in fact on a rebound phase, or at least that the worst of the market turmoil is over. at the center of this we have the central bank governor and his key deputy, both speaking ng says that the fundamentals are fine

back to asia. what do you think is going to happen in terms of geopolitics? -- geopolitical risk and economical months in the south china sea. jonathan slone: i have no real comment on china's policies and i am not privy to those conversations. assertive be more going forward. the world's second-largest economy. it has not really played a role. it is reaffirming its cell. we have time to talk it out. you have elections in singapore and that's going to be speaking to china. i am sure all of these other nations are going to be part of the conversation. i am not too worried about at that. china has always pushed things. never gone further than -- angie: very happy to welcome you jonathan slone, clsa chairman and ceo. here in hong kong. thank you. checking some of the stories making headlines around the world. corbin has began his first week as labor cabinet minister. itsays britain cannot cut way to prosperity. the left wing there won one almost -- almost 60%. several members resigning. in hongtop official kong said the notion of the separation of powers did not

i also mentioned that asia was weak. this follows a very very strong day the day before in asia.he nikkei was up 7.7% so the fact that it's now correcting 2.5% not too bad and china was strong the day before as well. weak today. it does come off the back of some mixed data. inflation from china was good. >> well, you know, that's a market. let's talk about sports. the 2015 nfl season officially kix off tonight with the pittsburgh steelers travel to foxborough to take on tom brady and the new england patriots. kick off weekend coverage begins at 7:30 eastern on nbc. the sunday night football team then travels to dallas where tony romo and the cowboys will host the rival new york giants and are you ready for some football? well let's talk about it. joining us live from philadelphia we have reggie wilkes, vice president of merrill lynch investment managers but before that he played ten years as a line backer with the philadelphia eagles. so reggie, are you ready for some football? >> well, first of all, good morning and i absolutely am. i am so happy that we are past at least for no

it is across a zone -- asia-pacific.have launched in 16 cities in eight weeks, offering a one-time fee where you can workout from any jim anytime you want. rishaad: how does that model work? >> they actually use existing gyms and studios. if you are a gym owner, there is space. you still have to pay rent. but what we do is, it allows gym owners to give the other people to sample and try. rishaad: at certain times. low peak, high peak. we were talking about in bangkok having restaurants were you would -- where he would get a discount on your meal. companies, they are usually compared with over. they areber. delivering services as well. you can get a motorcycle, if you are to -- in jakarta, it you can get a motorcycle that will take you to your meeting. innovation is happening all over the world in all different industries. how did you identify a proposition? >> right now, the easiest way to identify one is to how much -- how much traction it is getting in the early stages. thousands upon thousands of customers, they keep

today we are seeing optimism across asia and felt. also -- asia being felt. is gettingsafe asset -- look at that, the yen trading 120 spots. -- .6% declining. it is a different story for emerging market currencies. there gaining ground. --they are graining ground they are gaining ground. back to you john. jonathan: shery, great work. the nikkei to 25 of 7%. i want to get the investor take on what is happening in japan with i sucks share -- with ashok shah. shop, great to have you with us. -- as shock, great to have you ashok, how do you explain a monster move like that tackle -- like that? ashok: we have markets going -- during the summer months. there is then trading. august was on the negative side. the stuff that was coming out of china, as far as emerging market commodity, and the news of the expectation on the fed rate rise was very heart of the market here it -- market. what we're talking about was the integration of asia. china was the biggest issue. they are under pressure which means bad news becomes good news, because you are looking at increasing t

let's head over to sydney where we are joined by drupal or news asia -- joint type bloomberg news asia. >> is challenges are. . -- is challenges are myriad. he has weak commodity prices as china's economy slows, and relatively high unemployment. he needs to sort of negotiating this while a year out from election. the us trillion dollar has depreciated a lot which improves competitiveness of local firms and i help him with tax revenue. at the same time, this has been a resilient economy. it hasn't gone into a technical recession in 24 years. he does have that going for him. i think what people will be looking for from morrison is to put together a narrative for where the jobs and the economy are going to come from as mining winds down. that is where he picked up the previous treasurer and prime minister. morrison's key task will be to put together a narrative. most people would say tax reform, some freedom of the labor market, better competition policy, they are his main areas. angie: one thing about narrative, what about credibility? morrison has never held an economic portfolio. how i

that does present a risk within the asia-pacific region.ow closely are these events being monitored? jon: china knows the u.s. will be watching very closely. for the reasons i have just explained, analysts and washington certainly will be looking in terms of the military capabilities that will be on display today. contours andthe the dimensions of the missiles, looking to understand the speed, the perception, the survivability, the mobility of these missile systems. they want an understanding of the real capability of china's military. sources very little open information about this capability. a parade like today gives to gain an opportunity an insight into how far china's military capabilities have grown in the last two decades. in that important day regard. open source information about these capabilities doesn't exist to some degree. to that degree, it is an important occasion. rishaad: we have been seeing some unmanned aerial vehicles now to sendingng this message of key switches will be have at the moment. -- peace which we have at th

a raf in asia -- a rout in asia, the ftse just off lows.index got battered by the miners yesterday, the ftse mining index bouncing off a 2008 low, the dax down by the tense of 1%. -- down by 8/10 of 1%. switch of the board quickly -- euro-sterling, 74 pence. we are coming off the back of a five-day winning streak, dropping into negative territory. rhetoricll the hawkish around the bank of england in the dovish rhetoric around the ecb, that is not factored into this currency. what happened those calls? not bearing fruit right now. that is the fx situation -- let's move on to the political situation. the italian prime minister spoke exclusively to bloomberg's editor-in-chief last night on the sidelines of the u.n. general assembly. the situation in syria featured prominently in the discussion. take a listen. agreement we need an of a vast majority of countries to solve the problem of syria in syria. problemy there is a focused on the presence of assad, but i think the priority -- everymoments country involved in this parable -- we spent four

how cool asia respond? -- how will asia respond? this john: i'm john heilemann.nd i'm mark halperin. and "with all due respect" to , clinton based on your speech this morning, you have learned from the master. >> literally, it was like a pledging conference. >> we literally had to break into a meeting. >> literally. >> literally. >> literally. ♪ john: on the show tonight, the former maryland governor martin o'malley. but first, the big rally. some sort of vote is going to happen on the house of representatives on then

guest: it is not confined to asia or china. exports are on the rise.oday we have the chinese authorities giving another round of export quotas. this gives them -- this permits them to increase the volumes. it is a signal that the expectation is china's markets going to remain oversupplied and more is going to make its way out into the regional market and global market. that puts pressure on refiners elsewhere and if those margins fall away then we will see crude demand from the refinery coming under pressure in reducing in other regions as well. scarlet: is asia, is china more or less transparent when it comes to the determining oil and supply dynamics. how much can we extrapolate about u.s. or global inventories? guest: clearly people have concerns of the quality of chinese data. it is not as reliable as the u.s. data. many parts of the oil market are less transparent and covered and we would like. everywhere out side it is difficult to get your hands on reliable data. what analysts and people have to do is the best we can, make estimates and fill in

juliet on what has been happening in asia. she mentioned what is happening with the mining stocks reverberating around the world. and all of the stocks really under pressure right now. let's go to david in melbourne. give us more detail about what has been happening overnight. sayingou and juliet were , we have seen that selloff from london overnight continue through the trading day. the world's biggest miner has fallen the most in seven years. trading still continues for another hour or so. touched the lowest since 2009. group,fort askew metals group, that metals has followed to the lowest in three years. since 2012.lowest across the board we have seen the mining companies suffering and trading. guy: any sense that this is a bottoming phase? reflected in the stocks is coming to a conclusion or that is this the end of the beginning rather than the beginning of the end? that is the key question. there is a bit of a diversion's of views. companies see the situation is mainly volatility in the short term. story thatat as a still

they've teamed up to take on the market for manga across southeast asia. executives from four publishers and a book store worked out a deal that gives each party a 20% stake in the venture. they'll start by targeting thailand. that's a country with the biggest regional market for manga. they say later this year they'll open a shop in bangkok that sells comic books and anime goods. the executives will consider expanding the business to other countries if the shop is successful. they hope to raise the profile of japanese works and discourage people from pirating them. >>> that's it for business news. i'll leave you with the markets. >>> whiskey production was under way in japan as far back as the mid 1920s set up by a man who studied the craft in scotland. since then many distillers have tried to manufacture the technique mostly for domestic consumption. amber colored japanese single malts are in high demand overseas especially in asia. and price tags are skyrocketing. nhk world reveals what is behind the craze. >> reporter: in hong kong more and more buyers

stocks are because generally lower of cost of the asia-pacific. china reading out of having an impact not only in china but across the region. it is late into a decline on the asia-pacific. look at the numbers. that yanis moving higher. a check of that in a moment. shanghai, the real story. -- in the yen moving higher. a share movers. watching them today. we are seeing as much as 10% decline for some of the chinese names. seng,ong, the hang declines today. energy producers are the market leaders and their session. petro china leading the pack. some of the same names we saw yesterday leading the highs. macau casino shares. both have huge investment in macau. another name that moved yesterday is falling by about 4% and a session. closely watching australia. rba decision and legs economic numbers. somebody m -- some of the miners doing well. evolution mining. 3%.l search rising look at this. a drop for this, oz and minerals. closely following currencies. wake of the numbers out of china, here's what we have on the aussie and kiwi. 7119 u.s. cents. wh

how asia may have triggered these low prices. we begin with the market. we're looking at stocks closing around session highs. the dow ending up 200 points. a gain of 2%eing within the s&p. utility was the laggards on the day. industrials leading the market. the 10 year, the yield has the biggest move up in a week. the nasdaq has turned positive for the 2015. saw,onster volume we investors were pulling money out of investor funds. the biggest withdrawal in two years according to ici. stock funds saw outflows of $1 billion in redemptions. funds blended with stocks and bonds. $4.3 billion pulled out. catastrophe wee have seen in the markets, is anybody going to commit big on the long side? we get a nice rally today but in theory is this going to be an uptrend if china cannot stabilize? pimco.g news on matt: the total return fund has fallen below $100 billion in assets for the first time since 2007. the total return fund at the end 98.5 billion dollars. row is after 28 months in a of redemptions. net outflows at pimco because people were concerned about inter

look at the asia editor looking out at a look at where we are today. i think that context, fast-forward 10 years from now, we don't know. i think that will shape whether or not a statement of what kind of statement is given. but again, i'm not usually here supporting mr. abe, and find myself in that position today. in the press conference after his state he said something very important. first of all in a statement he said we should never forget history. that was a very clear statement. it was their obligations not to forget the ending his press conference after he said exactly what mike was alluding to which was used trying to bring the most japanese that he could together under a statement. so he's trying to both bridge this right left difference in definition of what was right and what was on but think he's also enlisting them a little bit in the education, the future generations. that this is something we can all come together as they come person, that we can teach them we can make it possible. but they did take it on as our generation's responsibi

giving a mixed reaction in asia.wling alongside traditional -- japan rallying alongside traditional havens. south koreand bonds jumped last night. the biggest divides in that's the biggest advance in -- european bonds are rallying. the leader of one of brazil's parties says he doesn't think impeachment is viable. who alsort of leonardo leads the largest party in brazil. japan -- opposition try to stop a vote on a bill expanding the role of the military. he snatched his paperwork and microphone. the bill will go before the entire house for approval. transitions -- they want to change japan's constitution did -- constitution. let's get more reaction to what we heard last night from the fed . to let us knower who said this. no hike in september. no reason to believe that the fed will hike in december. the economist george magnus says the u.s. has avoided a reversal by holding rates. they didn't want to follow the other countries who have raised rates and reversed. standing pat for now, but for how long? -- holdingweight

conference in emerging markets in asia, they're quite vulnerable.ecause the corporate debt to gdp ratio has risen significantly. for example, you take the nonfinancial sector debt, which is merely corporate debt. and china for example, it has grown up according to national gdp tont from 150% of nearly 200% of gdp. therefore in china, china has one of the highest ratios in emerging markets. and the speed of the increase is also significant. all of this suggests that the growth slowdown in asia is relative to the industrial companies, it will continue. angie: and help certainly when you're trying to pay back corporate debt. . live from singapore, we will even there. thank you so much. coming up, the dollar takes a dive after the fed decides the hole. it was not the only curren to currency to hold. we will take a look at that, next. angie: welcome back. breaking news now, getting comments from korea's central bank about its policy. yvonne also has the details. yvonne: this is coming from the bank of korea governor. ago,a couple of minutes this is what

the asia boss for hire.me of the other stories break japan's benchmark index hitting two new members this month. dnasocial website operator, and the property builder has seiko. they will join the nikkei at the end of september as part of the annual review to make sure it has a right balance of industry dna has been riding high. analysts are betting their stock will jump almost 50% over the next 12 months. ko showing that primeminister's -- minister shinzo abe's efforts to boost the property market have been successful. up, what has been the most important thing to consider when you are planning your interest rate strategy? we will hear from the bank of indonesia on that. a full market check coming up your way when trending business returns. ♪ . . our top stories -- chinese shares rising after last week's today break. initially enthusiasm, well, it has at the way. calm would return to the equity markets. the regional benchmark, heading for its lowest close in three years. toshiba soaring in tokyo after finall

with a story out of asia. anna: sticking with asia, we have a rate decision from indonesia. later on in this morning, sometime after 2 p.m. local time. we will get a rate decision there. a good illustration really of the decision-making that is going on around the world by central bankers in countries where the currency boost has been moved around considerably, partly by what is happened in china as of late. we'll get a rate decision from them, that comes before the feds. the most of economists are not expected to change. time.:30 a.m. u.k. we watched that decision later on, we will break in on that, and of course 7:00 p.m. u.k. time -- it is the fed. jugglingking about the the emerging markets are having to do in interest rates, the world economy is about to be stress tested. are we about see the first tightening of the u.s. monetary policy and was a decade? it was a challenge for a global economy already affected by slowing chinese demand and volatility in financial markets. our chief agent economics correspondent joins us live now from hong kong. given talking about this

it had been so far pretty weak in asia. especially in china the last couple of days but a strong finish today fuelling speculation that the government may have intervened. also possibly playing catch up with europe and the u. s. the volumes have been subdued. the 10-day average volume in shanghai has been steadily falling all through september. it was the last week of august where we saw volumes spike. let's look at european markets. quite a surprisingly positive start to the weekend. last week was strong and of course we have the uncertainty ahead of the fed meeting. another descent day today. germany up the best part of 1%. france up just more than 1%. right. as we said, the big rate debate is on and we're continuing to talk about the fed. interesting move yesterday. bonds sell off, yields spike, in particular, let's look at the two year note. 0.78. it's highest level since 2001. is that pointing to the fact that people are expecting a hike this week? perhaps. that is an aspect but let's also point out that we had descent

. >> europe and asia catch wall street's cold. the dow and the s&p erase more than half of the week's gains. >> chinese premiere says the economy is not heading for a hard landing. >> dell banks big on china. the firm pledges to invest $125 billion in the country in the next five years in a move that will create 1 million jobs in the country. >> the brokers still love apple. the stock remains on most out perform lists. >>> coming up on the program. s&p cuts brazil's credit rating. also the case against a rate hike is at its most compelling. find out why he wants the fed to wait. we break the latest results later on. >>> something new today. >> new hair cut? >> it is a very warm welcome to london, susan. >> thank you. it's good to be here and great timing to be here. what's happening in asia and how it's effecting global markets. >> the last month or so has been the most crazy. as you say, the real spark for this correction is china. >> it has been about china and what they're going to do with the policy response. do they know what

over from asia, august industrial profit plunging 8.8%. the worst, the worst contraction since 2011. center worries front and about thesis of the economy and china. risk aversion playing out. ftse 100 up by 0.6%. cac, risk aversion in terms of the yen. yen rally today and a euro lower versus the dollar. the u.s. dollar, this japanese yen strengthening verses of the dollar. money moving into the haven that is the yen. oil, concerns about a slow down in asia. down 1%. metals not faring so badly. weatherown by 0.1% for to better than oil. -- weathered better than oil. to yound money going to as data this morning. yelleds down ever so slightly -- yields down ever so slightly. political risk brewing and spring. basis points. despite the concern about barcelona. managing to win a majority. i want to get into some of those huge stock stories we have today. deal is on and deal is off. ramifications. vodafone is off. since june, talks ongoing with liberty global to combine the mobile giant with a cable-tv giant. talks terminated. all about shell. t

and asia, the buffer zones -- in asia, the buffer zones were outer mongolia, manchuria, korea, and thee a page from japan's book in seizing manchuria and korea. states for close to half a century had espoused a strategy of the open door which meant undeserved support for china's territorial integrity. american and russia strategies were indirect conflict, particularly over manchuria which in 1943, f.d.r. had promised to return to china. f.d.r.'s solution to this conundrum was to propose that in return for stalin's commitment to china's territorial integrity, he would guarantee the soviet union's preeminent interests in manchuria would be safeguarded. those interests were to be safeguarded through the instrumentality of the chinese, lists, who had controlled manchuria after the war. there were no communists in manchuria then. what was proposed to bind us together was the treaty of friendship and alliance between the soviet union and china and the commitment to enter into a coalition government. the united states would encourage and support both negotiations. realize onlynt to a handful

asia pulp and paper is based here in singapore.ernment is looking for information on what has done by suppliers. as you can imagine, the hayes is putting a strain on bilateral particular over a comment made by indonesia's vice president. he has said that indonesia's neighbors should be grateful about good air quality most of the year and that your car not apologize for the crisis. angie: how significant is the move taken by singapore? time that the first any action has been taken by , companies identified as the start of the legal action. they say parent companies must note that there is a price to be paid for damaging our health, environment, economy. singapore adopted a legislation here. those found guilty can be fined at $2$100,000 a day, cap million in total. some experts say that is not enough. they are calling for stiffer fines, more policing, even rewards for whistleblowers. the biggest challenge is identifying who started the fire. angie: thank you so much. time for our look at some of the top corporate stories on the bloom

this is where christian europe meets islamic asia.stanbul lies on the bosporus, the narrow strait that unofficially separates europe from asia. the city has flourished for many centuries as an economic and political center. as constantinople, it was the center of the christian byzantine empire. as istanbul, it was the seat of the turkish-ottoman sultans. after the first world war, the last remnants of the ottoman empire disappeared. turkey, on the losing side, was reduced to its present size. in the 1920s, the political leader ataturk founded the modern turkish state. ankara, to the east, became its new capital. one of ataturk's major goals was economic modernization. development was focused on the cities. the effort led to mass migration from the countryside to urban areas. many villages were completely abandoned, escially in the 1950s and '60s. ( speaking turkish ) translator: this village of formerly 120 families now only houses 35. these 35 households mainly consist of elderly people-- old-age pensioners. i don't think anyone will

north asia laboring under the weakness of chinese domestic demand. >> across asia emerging market currencies seeing their biggest drop since 2011 in the month of august. more pain ahead or is the worst over, richard? >> well, a lot depends on what's going to happen to the chinese currency moving forward. as i was imlying a moment ago it's going to be very difficult giving the skirt of outflows that china is currently experiencing for the pboc to do anything other than continue to intervene very heavily. effectively capping the spot rate. but the longer this policy goes on the more the risk is that the pboc will have to step back and then we will see a renewed bout of weakness. whether that comes after the decision is being made on inclusion in the sdr in early november, whether that comes after fed lift off remains unclear but what is clear is more likely than not we'll get further cmi weakness and that could project another downdraft for emerging markets in general. >> those that have high exposure to the commodity picture. a pleasure to have you on the show. thank you for joining us on the

angie: let's see if the blood clot extends to asia in our part of the world.u keenan, thanks for that. let's check the asian market. zeb eckert is monitoring early indications. zeb: pleased to report that we are seeing some leadership in the markets from the asia-pacific this morning. check out yesterday's trading action, mixed across the region. new zealand is the only market but is open so far. australia in just under an hour. the topic the index in wellington posting again. posting again.c -- posting a gain. 2% and effecteing factor limited up 1.5%. to the downside, kathmandu down 2% and pacific edge. the new zealand exchange down about 1%. that is what we are seeing in terms of equities but watch closely because china, the big concern in washington for janet yellen and the members. as we near the open of the chinese markets it will be interesting to see if asia investors believe that as well. yesterday the shanghai composite closed 2% lower, continuing the big drops we have been seeing. the hang seng lower by .5%. commodity currencies, not benefiting from

rishaad: when "asia edge" returns. ♪ angie: welcome back. you are watching "asia edge."have been speaking with guests all day about major economic indicators out of china and japan and how policymakers have managed economies. the ceo says that the bank of andn lacks decisiveness that has not been helpful for the markets. >> what we are getting from the bank of japan is more of the complacency. the cpi is nowhere near the 2% we have targeted red most private economists are forecasting a negative cpi. that is not what global markets want. active,arkets want aggressive, proactive policymakers, and that is where japan has been lacking over the last couple of months. angie: almost three years after shinzo abe became prime minister, japanese growth is back to where it was. there are reports of growing unease among policymakers and fidelity's alex says that the banks should refrain from further easing. what japan needs after more than a generation of deflation and disinflation is for the populace to start thinking that prices can rise and tomorrow will be better than today. tha

since 2009, we see a significant shift to asia.had 76% of all the worlds skyscrapers over 200 meters and that is increasing. angie: it is all happening here. thank you so much, andrew lawrence, founder of the skyscraper index. coming up next, japanese stocks could be a good bet after some rosy earnings results. picked thers will market movers when we return. ♪ ♪ angie: welcome to the stock exchange. we're talking about the openings of australia and korea. shery: i almost forgot coming in. a construction company has been down more than 20%. they fell for the past seven sessions and now we are hearing the first half operating jumped 14%. sales were up 3%. i'm thinking maybe there is some potential for upside, but i don't want to call it. at least, we have one analyst recommendation buying. angie: what is that look on your face? david: the only reason i will lose today is because of stock trading. it is poised to open 20% up, 900 plus yen a share. a corporation build condos, houses, stores -- one of the companies that does a little bi

over from asia, august industrial profit plunging 8.8%.the worst contraction since 2011. center worries front and about thesis of the economy and china. risk aversion playing out. ftse 100 up by 0.6%. cac, risk aversion in terms of the yen. yen rally today and a euro lower versus the dollar. the u.s.

economic engine for a long time especially east asia economic growth has peaked big-time in asia for a number of reasons. number one. demography. hongkong south to re-enter japan, fertility rates compared in the united states. much of asia had day demographic dividend now entering very rapid day a demographic deficit. reason number two that i go into detail is the china story that now accounts 45% of the gdp and the growth in china is slowing much more than you think it is. since 2008 much of asia especially east asia sailed through the economic crisis because even outside of china and increase of credit growth that no one is talking about all throughout asia if you look at total debt or a government debt has a share of the age said gdp is higher now than it was the of the financial crisis in 1997. much of asia has manufactured growth the past seven years built on a surge of liquidity and debt. it is a huge story. give the recent slowdown should the global economy be concerned? the storage area answer is absolutely. is the second largest economy at current exchange rates at $12 milli