kathleen: how does this affect how much the bank of career, what other central bank -- big of korea, what other central banks are doing? a lot of asian central banks are cutting so they do not have to worry about that. how about the federal reserve? does it make sense for them to wait to see how accommodative this said is, what it does and signals? >> that would be part of their calculus but they are seeing what their rate decision does on the domestic inflation. to the extent the fed has an impact into that, a lot of em's would wait for the fed to ease before they did it themselves. that is a possibility. the majority of the weight would be on domestic factors for korea. they are not alone in the neighborhood. in australia, the rba has cut twice in the last couple of months. the rbnz gate 1 basis point cut. this is part of the trend we are seeing as the outlook continues to weaken. recessionalk about indicators. one of the ones that is not, i want to bring up this chart on the bloomberg terminal. the oil prices are still playing although it did play a bit of ketchup today. where do y

old fuge of jeopardizes a country's modern day success the bank of korea warns of the trade spat with japan could cause major damage to south korea's economy to go to salt for the latest. meanwhile japan is trying to work out differences with the united states to reach a partial trade agreement good morning stood. with exclusive. the must see concerning car club culture in europe. should be for sure small arms length do it yourself networkers leg subscribers and don't miss out. on the lead. how old fugit jeopardizes a country's modern day success the bank of korea warns that the trade spat with japan could cause major damage to south korea's economy we go to seoul for the latest. meanwhile japan is trying to work out differences with the united states to reach a partial trade agreement that would prevent tariffs on japanese cars. and well come to the robot restaurants china's biggest fast food chain now opened its 1st branch kitchen on service staff are being replaced by machines. but come to d.w. business asia i want to get germans and berlin good to have you with us south korea cent

korea's economy we heard that from the central bank today how damaging is it. well maybe not s. damaging yet as you might expect with a south korea was stripped off japan's white list of preferred trading hotness and this is more of a symbolic move. often asians in asia are not on the wifeless observe and anyway so this will bring more inconvenience to us such as you no longer our approval procedures for exports but japan has also regulated the exports to solve we all 3 chemicals were really critical essential for south korea's biggest industry namely the semiconductor industry so japan could possibly consider up the south korean companies by james m. for example for some songs to produce semiconductors but this has not happened yet the 1st batch some exports have already been approved but the government you want to talk to some of the shows today they seem quite alarmed because it's a sensitive issue president going to end up south korea his popularity is really really weakening because of the domestic economy and just today the finance minister has announced that south korea may miss its target growth for this year of 2.5 percent and he blames the trade dispute with

bank of america's key rate, last month cut by 25 basis point. one-year line, the bond yield, the yellow line, the 10-year bond yield are all below bank of korea's one of the arguments against is they cut again back to back which is something that almost never do. on the other hand, bloomberg economics point out other central banks are cutting their rates. that kind of sets the stage. one other thing to watch is the federal reserve meeting. maybe they will want to wait until september 18 to see what the fed does. could be an important aspect of making that decision, cutting the rate now maybe could wait until they see what the fed is going to do. paul: we will have a few answers pretty soon. we're expecting korean industrial production numbers at the top of the next hour. we will have s&p global ratings chief economist with us for reaction. that is almost it for "daybreak asia" this morning. trading in new zealand under way. the market currently up .75%. this is bloomberg. ♪ from the couldn't be prouders to the wait did we just win-ners. everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can s

the bank of korea handset rate cuts. the uber ceo tells bloomberg exclusively the ride-hailing giant is ready to take risks and it will be profitable. >> this is not short-term gain, but i believe we can demonstrate progress. legal battles loom over boris johnson's suspension of parliament. matt: good morning. yesterday i was talking to a market guest and i asked if they could put the trade noise aside and run his portfolio. he said, no way. this market is driven by every tweet from donald trump. it looks like he was right. nejra: it is a very interesting question. what a month we have had. what a week. big moves on brexit. the italian coalition. european politics front and center. now we get the latest trade news, which is giving risk assets a little bit of a lift. matt: we see that across stoxx around the world. this after president trump yesterday said the u.s. and china were actually talking. said he hopes he will get a good deal. nonetheless, the chinese decided not to retaliate immediately. asian stocks rising. eur

message and tighter pay and boycotts and effects like all japanese business here and the central bank of korea has measured at the last credit card spending on japanese products in the last month has half like so only 50 percent what people spend on the japanese products it's really really messed up. right. there reporting for us from the south korean capital seoul on the current situation in that trade dispute between south korea and japan thank you so much. meanwhile japan has been tackling trade on a nother front on wednesday the country's trade representative. helps talks with his u.s. counterpart in washington the aim was to lay the foundations for a bilateral agreement that would replace the now defunct trans-pacific partnership initial signs suggest the 2 sides still have a way to go. to meeting was billed as an important step toward securing a trade deal between the united states and japan the body language between japanese trade representative tom she meets him a take and his u.s. counterpart operate like hisor may have suggested hope of a more positive outcome than that which in fact

oh an old few to jeopardize a country's modern day success the bank of korea warns that the trade spat with japan could cause major damage to south korea's economy to go to seoul for the latest. meanwhile japan is trying to work out differences with the united states to reach a partial trade agreement that would prevent tariffs on japanese cars. and well come to the robot restaurants china's biggest fast food chain now opened its 1st branch where kitchen on service staff are being replaced by machines. but come to the new business asia i'm going to get jones and berlin good to have you with us now south korea central bank has warned that to japan's recent decision to cut exports of tech materials could cause major economic damage the export restrictions relate to 3 materials the major south korean companies like sam's the need to make a semiconductor chips and to displace tokyo's decision to limit supply comes amid an escalating dispute between the 2 countries about compensation for south koreans forced into labor by japan during the 2nd world war. or for more let's bring in our corres

is there anything realistically that the bank of korea can do? ing a political problem, isn't it? krystal: yes, this is something that is more on the government andcy side than the bank, there isn't much the bank of korea can do in terms of a demographic problem. you need structural reforms in the economy that will increase productivity, so that can help a cap for the labor force. [indiscernible] paul: no it isn't, and i'm quite relieved about it. but more importantly, there is the issue of the korean yuan, one of the most beaten-up currencies in the region. where is the floor? krystal: there is going to be more weakness and the year-end forecast is 12.35. there is a lot of pressure right now,yuan external backdrops for growth, u.s.-china trade tensions, south korea is one of the most exposed economies in the region and that is because of the high uanrelation of the korean y and the chinese yen. sheri: we are seeing the south korean government getting involved in the economy and trying to support job creation. how much more can fiscal policy suppo

the bank of korea hinting at further action to support the economy if risks continue to rise. that after leaving the key rate unchanged. as an indication of growing concern, more must be done to prop up growth. well meet ministers to try to keep the iran nuclear deal alive. they will talk for two days in foreign policy challenges. europe is trying to salvage the deal that the u.s. pulled out of. global news, 24 hours a day, powered by more than 2700 journalists and analysts. this is bloomberg. >> selina wang. up next, new tariffs. the story through the asian section. -- session. the latest on the trade narrative. bloomberg life is live. they are certainly covering that story for us. the latest overnight developments. this is bloomberg. his is bloomberg. back to bloomberg markets. we are 21 minutes away from the start of cash trading. in terms of futures, we see some green arrows although not really any movement. dax futures up about 0.1%. nearing its end and markets are teetering. no more sleepy currencies or tiny swings in bonds. it is historically the most volatile month of t

plus, a policy decision from the bank of korea.att toms, luke hickmore, and jim keegan's still with us. are you expecting anything definitive from the g7 meeting that could potentially give a floor to bond yields? matt: unfortunately not. the g7 gives us a chance to fear what if the trade war expands from china toward europe. it was stalled earlier this year to clear the decks with china. there is more downside risk, should there be negative tweets or headlines out of g7. we fear there is more of a downside case as opposed to stability. lisa: luke, agree? luke: that has to be the central case. g7 has struggled to come up with a communique that reflects a more settled joint opinion from the last couple of meetings, and this one does not feel any different. prime minister johnson in the mix there as well will not make anything anything easier. lisa: jim, do you think the pressure is for yields to go lower here, for government bond yields? jim: absolutely. especially long-term rates, it is a relative gain. as we talked about where the

i think the bank of korea is more in focus. tioning the quite dreadful breakdown in consumer sentiment that we saw. the climb we saw in the advanced trade figures for korea, the bank of korea is going to be a very interesting meeting on friday. if you look at the way three-year bond yields are well under the current cash rate, you chance think there is a they go. can find garfield's commentary on the market life blog on the bloomberg. you can get a market rundown in one click. there is also commentary and analysis from bloomberg's expert editor. yorkormer head of the new fed sparked a wave of criticism after he implied jay powell should not help president trump by cutting rates to shield the u.s. economy from the trade war. our global economics and policy editor is here with the peace bill dudley wrote for bloomberg view. powell has tried hard to depoliticize the fed, and this kind of would take it in the other direction. kathleen: it certainly would seem that way. former fed officials are almost as cautious in the remarks as th

romaine: and on friday, look out for policy decision from the bank of korea. technology is coming up next in the u.s. taylor: have a great evening. this is bloomberg. ♪ i am emily chang in san francisco. trade tensions tighten. china retaliates by vowing to slash tariffs and president trump signals that he's prepared to escalate. we will tell you about u.s. tech stocks taking a hit. plus, vmware has agreed to buy carbon black and pivotal in the la

some bank of korea lines coming out. talking about how the governor -- they have room to respond. headline i enjoyed his he realized there was talk out there that they might cut in the future. says hard to predict the impact from the trade spat with japan yet right now. they are paying attention to fx and market conditions. won has been under pressure recently but we have seen since won paringtalking, back gains, strengthening .4%. coming up, the latest avengers movie may have been the biggest hit globally but in china, a surprise competitor has knocked the heroes off their perch. find out who next. this is bloomberg. ♪ rishaad: just an hour before the session in india. devina is in mumbai. with moretive closes losses. i have no idea what i'm talking about but you will. devina: monthly futures and options expire, so this expired yesterday and he saw tim tebow last month. -- -- the next month. that is probably not looking too great at this point. kind ofyou see the positions moving into the next month, it is in line with august. the system is called shallow in terms of the position

the bank of korea hinting at further action to the economy if rates continue to rise. cut that much concern more must be done to prop up growth. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. tom: that was really smart, the disinflation in the koreas and argentina, i want to emphasize the separateness of the bond price reduction yesterday in argentina that got global headlines in em debt. headlines isaking greg valliere. we will do a jobs segment in a moment, but we have got to go right now back to what you are dealing with in the beltway. david folkerts-landau of deutsche bank just toward bill dudley to shreds. he had the most visceral comments i have ever heard and said the fed has to aggressively rebut mr. dudley's bloomberg essay. is that the zeitgeist? greg: absolutely. you do not want to rise to the bait and the fed and dudley look politicized. that is the last thing you want to see. let's getrump trade, an update going into the weeke

bank of korea coming up on friday. what will they do? ubs recommended defensive the prospectst for 2020. a sense that in some of these markets, they are trying to work out what to make of the geopolitical risk. at the beginning of the week we had the shift of tone from president trump. there's a great piece on the bloomberg talking about the fact that china might see the shift in tone as another sign of unreliability in the president and it is digging in for the worst-case trade scenario. the 10 year yield dropped six basis points yesterday, holding below 150. the point to curb has been flirting with inversion. we are down there for a fifth day. a former top fed officials suggesting the central bank should reject interest-rate cutp 2020 reelection. bill dudley states that policymakers should not bailout an administration that keeps making bad choices on trade policy. the former new york fed president argues that the central bank should make clear that donald trump will on the consequences of his action over the trade war with china. dudle

of late -- data from south korea of late. are you taking from these? korea has been in trouble for some time. we have seen a steady deterioration in their exports and growth. the banktes once. they will most likely cut rates again. that will certainly not helped a great deal. asia is being hurt by the tariffs. you can see the singapore economy is a great example. quarter, they wanted to contraction. that may be the case for other economies in asia. singapore is exposed to what happens in global trade. quarter, they wanted to contraction. when singapore is in trouble, that's not good news for asia at all. things are not looking very good anyway. the tariffs are coming in september. the outlook has to be for slower growth everywhere. central banks will continue to lower rates. they will do their best. one's economy will have rough year, but not too much that weaker currencies can do about it. there divide their time and get through. one rough year, butsophie: we see ty continuing on. traders must be scrambling to adjust where they see rates going from here. mark: absolutely. when you see a quickly u.s. yields fell yesterday, that will be the signal for the rest of th

to do you -- to get you some news, the bank of korea will be meeting on the u.s.urrency manipulator. the meeting will take place at 9:30 a.m. they will also be discussing the slide in u.s. stock markets. weakerpi is feet -- is right now. let's focus on the selloff in japanese equities. joining us is our reporter from tokyo. how bad is it? like selena mentioned, falling more than 2% and everybody is watching close to see if the fall will be as bad as 3%. we were in a similar situation yesterday where we were watching to see if the topix fall as much as 3% which would be the worst decline this year and the worst since christmas last year when the index fell 5%. the reason is like we said, the ongoing dispute with the u.s. and china because we don't see an immediate end to the dispute and how bad it will get, we don't know. the yen is going higher and higher, around its highest level since january. this will have negative implications for the earnings. people are worried what will happen going forward. rishaad: shery: goldman sachs saying earlier the yen is one of th

banks. and so was the language of banking. speaking the truth global news that matters w made for mines. south korea says it won't be defeated again by its neighbor japan's capital to finance the removal of korea's. threat. the only way is down problem solved. escalating his trade war with china beijing threatens retaliation and a river runs right into villages in india blame the textiles into spring just going to. get his will and place to visit south korea is the 1st country to be dropped from japan's white list of favored trading nations a slow way ots of a wide range of goods and with so threatening to do the same make could be or could economically both export driven economy has faced sliding demand from china and both a key u.s. allies in keeping regional peace. no sooner had the news of fresh japanese trade restrictions reached south korea the protests kicked off again just like here outside the japanese embassy in seoul. we are here to express our deep anger against japan 2nd economic retaliation we have been boycotting japanese products since 2 pounds export curbs were introduced last month

early 2000 he was sent to singapore he earned tens of millions of dollars for north korea as a representative of pyongyang's north east asia bank in 2003 he was suspected of having passed on information about the regime's finances he fled to south korea today the former banker works for his new country's intelligence agencies he supports them in their struggle against the regime he wants war eternal allegiance to our main goal is to make for in cash and this foreign cash business is secret. complete the secret office number 3 ny and continued creating that the system is setup like it's all north korean institutions where these foreign cash is generated there is to report it to can to the top and then should bring that should pay that in cash to family now turns on and before communal so he gather all this and then spend it or coding to his priorities so $2.00 economies one is to family economy and the other one is the national economy run by the cabinet and run by their so called you know central planning so to family i call it you know royal court economy royal court economy they possess all the best profitable businesses ther

korea is calling those drills a flagrant violation of peace talks. the united nations is reporting now that they accuse north korea of funding its nuclear program by stealing $2 billion from banksough cyber attacks. deirdre: the pipe bomb mailer we have details on that, tracee carrasco with us now. tracee, what's the latest. tracee: caesar sayok pleaded guilty to sending pipe bombs to prominent democrats and other people opposed to president trump. prosecutors were seeking life behind bars for the 57-year-old. a manhattan federal court judge sentenced him to 20 years in prison saying the bombs were not designed to explode. sayok apologized to victims before being sentenced. gatehouse media's parent company, new ynewmedia is buyin. it combines the two largest u.s. newspaper publishers. neither snow nor rain keeps postal deliverers from delivering the mail. sometimes the heat is too extreme. one postal worker cooked a steak on the dashboard of the delivery truck. an arizona state representative sent a letter to the president of american postal workers union to look into the working conditions. and that's what's happening now. cheryl: i have fried eggs on arizona sidewalks in my p

nation calling that a flagrant violation of peace talks as the united nations accused north korea of funding its nuclear program by stealing $2 billion from banks through cyberattacks. the man who mailed pipe bombs to high profile democrats and media organizations will spend 2 decades behind bars, in tears telling the court he was, quote, beyond sorry for sending 16 packages to target including hillary clinton, cnn, and people he considered critics of donald trump. he faces the possibility of life in prison but a judge ruled he never intended for the bombs to explode. the granddaughter of robert f kennedy has been laid to rest. family and friends gathered in cape cod to say their last goodbye to certify kennedy hill who died from an overdose, she would be buried next to her aunt who committed suicide in 2012, the niece of fox news correspondent douglas kennedy. a fox news alert donald trump calling for mental health of gun-control after the shooting so what action can congress take? attorney jenna ellis reeves has congress has to stick to the constitution and she is here live. barred from the ballot, not so fast. the roadblock to california's n

nation calling that a violent violation of peace talks as the united nations report accuse north korea of funding its nuclear program by stealing $2 billion from bankerattacks. jillian: democratic hopefuls placing donald trump for the back to back mass shootings. >> the policy of this administration amounts to nothing but an onslaught. >> i say to donald trump stop your anti-immigrant rhetoric. jillian: democrats speaking at a latino conference as the dnc fundraisers off of the tragedy, donations to help them prevent gun violence. rob: check this out. and suv towing a camper caught -- caught on camera flipping out of control. police dashcam video capturing the swerve from side to side before this thing rolls over several times across the highway in australia. debris scattered in the aftermath. the driver and passenger were not seriously hurt. jillian: adult life is pretty tough. stubborn pooch film on the streets of new york city going viral for its dramatic refusal to get up. it is tired, the video has been viewed 3 million times. rob: i think it wants the belly rub. one or the other. >> everyone like they belly rub. >> you are into the belly rub

in asia green across the board, japan allowing exports of semiconductor manufacturing materials to south korea once again we have another central bank> boycotts observer support of president trump, facing black this morning due to companies chairman holding a frv for the president, more on controversy ahead, and rising tensions with iran u.s. warning of iranian threats saying the country interfering with gps systems posing u.s. warships to tankers in the region all sthoirs this thursday morning joining me to brak it done fox business network dagen mcdowell, founder and ceo, and fox news contributor columnist for the hill elizabeth pooeng great to see everybody so many things to talk you can about. >> so much uncertainty everywhere, i don't think investors really know what to make of this plunge to the bottom, in terms of interest rates whether precursor of something happening overseas whether it is going to infect our world it is recommend -- it is a big story financially economically right now. >> for sure there are real impacts on this right dagen in terms of debtor countries. dagen: that was why, the -- the what looking like begi

- her prosecutors are investigating a chain of transactions that allegedly were used to help finance north korea's nuclear weapons program. three chinese banksbpoenas for information about the transactions. the banks have resisted u.s. demands. the names of the banks have not been identified. opponents of boris johnson'

banks. ey pened an op ed when it is free of political pressure and remove. north korea has launched more project tiles ramping up the pressurement the north fired two identified weapons before such launch in two weeks. south korea and the u.s. began military drills and president trump in singapore. the indian rupee in six years as they scrapped the status. people have held scholarships ap local residents. ritics of india's government the demographics. lobal news 24 hours a day. 2,700 jourmists. and this is bloomberg. >> u.s.-china trade war. is in singapore. the u.s. the manipulator. this has profound significance, does it not? >> the symbolism is significance what it says about the rap i had deteriorations. when you hook at the analysis, they say in terms of the impabblet on china, it is very limited, it triggers a set of negotiations and conversations between the u.s. and i.m.f. about what china is doing and potential penalties that the u.s. col impose on china but china faces u.s. tariffs. blook berg is pointing out china does president meet the three categories ta d

of forced labor used by japanese companies joining world war 2 even. at the factory bank gave us a piece of bread to ate we were so hungry we ate grass we lost our here. south korea has just commemorated the end of the 2nd world war unveiling a new statute to the so-called comfort women young koreans who were forced to work in brothels for the japanese army. this trade dispute has stirred up decades old animosities between the 2 former adversaries. is fighting for issues that is in the past and needs to be corrected today for tomorrow to teach our children what not to do from the past simple but. still drawing big crowds at movie cinemas the film role to victory tells the story of korean freedom fighters resisting the occupation by japanese troops many south koreans believe japan has never fully apologized for atrocities committed during its occupation of the korean peninsula in the 1st half of the last century japan says the matter was settled by an agreement in 965 and it's time to move on i don't know if this is now having a destabilizing effect on security cooperation with south korea pulling out of an intelligence sharing agreement with japan set up to count

federal prosecutors are investigating a chain of transactions that allegedly were used to help finance north korea's nuclear weapons program. three chinese banksbeen served subpoenas about information about the transactions. the banks have resisted u.s. demands. the names of the banks have not been identified. china has urged hong kong to stand up to protesters challenging the government, this after yesterday's strike the lead to traffic, mob violence, tear gas, and flight cancellations. >> i want to warn all those criminals, don't misjudge the situation or take restraint as a sign of weakness. don't underestimate hong kong's societies develop force for justice in rule of law and order. in hong kong, a pro-democracy lawmaker says beijing is trying to spin the situation to their own narrative. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. david: thanks so much, mark. when facebook announced earnings last month, it's cfo said that revenue growth would slow because of regulatory headwinds. now we hear the ftc may be lookin

be allowed to visit her grandmother in the occupied west bank on humanitarian grounds as long as she doesn't promote a boycott of israel. or korea's rejecting further unification talks with the south saying the suggestion is foolish a government spokesman in pyongyang made the announcement before the latest ballistic missile test the firing of to. short range weapons into the sea of japan on friday is the 6th test in the past month or 3 sizes anchored by the south latest military drills with the u.s. actually falling is a research fellow at that johnson university institute for north korean studies he says the latest rhetoric from north korea consummate a diplomatic shift on the peninsula it's a result of softer and come on having been effected mediator between north korea and they you know they say you specially when there was the escalation of tension on the korean peninsula in 2017 when the u.s. president almost from open the you know top of the complete destruction of north korea and north korea retaliated with the harsh rhetoric. so if the irony of south korea being a booster or mediator between north korea and the united sta

banking sector. experts apparently are also investigating cyber mining activity designed to earn foreign currency. we know of course all this comes as north koreaact the fourth such launch in less tha n in fact the fourth such launch in less than two weeks. king john alone said the lord was a warning against joint military exercises being carried out. —— kimjohn alone. —— kim jong—un. there is also a licit ship transfers connected to weapons of mass traction and also since 2006 there has been very, very sanctions that opens up another gravel stop —— very ha rd that opens up another gravel stop —— very hard sanctions. that's it for the business briefing this hour. but before we go, here are the markets. british viewers are rapidly switching from broadcast tv to online services such as netflix according to new research. the media regulator ofcom says the fall in tv viewing is accelerating and is calling for a national debate about the future of public service broadcasting. our correspondent rory cellan—jones has this report. tv is changing fast and so are our viewing habits. from u—tube to netflix, to add they are, we have much more choice of wha

say in china even south korea when currency drops they have dollar denominated foreign currency denominated debt trying to remay be debts lenders like banks institutions outside ofign currency falling in value that is how you get a financial crisis we're not there if you wonder why you would see 10-year yield drop to low before president trump's election as president that was happening that was the concern in the markets. maria: don't forget impact of the stronger dollar puting the china story afor a second, implications of a stronger dollar -- >> shares, commodities playing out the president tweeted about this here is what president just massive alters of money from china and other parts of the world pouring into the united states for reasons of safety, investment, and interest rates, we are in a very strong position, companies are also coming into u.s. big numbers a beautiful thing to watch. maybe. yesterday certainly was anything but beautiful, with that market down 800 points. >> well, this gets to the hole uncertainty about what if you are going to make an investment you have to know what rules of the road are in terms of of the tariff they raised the cost

judge has said three major chinese banks, three of the 10 largest chinese banks, have to comply with subpoenas looking into whether they have been financing north korea'sgram. a big contest. they didn't want to do it because they didn't go through the united states, and the court said i don't care whether you did or not. if you have a presence in the united states, we get to find out. alix: there are many things worrying about it, but to focus on one that is more market oriented, how do you separate geopolitics like this into trade conversations? is it possible? david: that takes us back to huawei, doesn't it? they keep saying it is about national security, not trade. the two really come together. alix: what are the recompression's -- what are the repercussions to that? david: you know president xi is not taking it well. at the same time, the u.n. has come out with reports from the security council that there is a larger set of problems over north korea figuring their way around restrictions on financial transactions. they are harder to trace, including for banking systems and cryptocurrency transactions. more than 30 overseas represent --m's best repr

joining world war 2 even initially at the factory bank gave us a piece of bread to eat we were so hungry we aren't grass we lost our here we were slaves. south korea has just commemorated the end of the 2nd world war unveiling a new statute to the so-called comfort women young koreans who were forced to work in brothels for the japanese army. this trade dispute has stirred up decades old animosities between the 2 former adversaries. is fighting for issues that is in the past and needs to be corrected today for tomorrow to teach our children what not to do from the past simple. still drawing big crowds at movie cinemas the film roll to victory tells the story of korean freedom fighters resisting the occupation by japanese troops many south koreans believe japan has never fully apologized for atrocities committed during its occupation of the korean peninsula in the 1st half of the last century japan says the matter was settled by an agreement in 965 and it's time to move on i don't know if this is now having a destabilizing effect on security cooperation with south korea pulling out of an intelligence sharing agreement with japan set up to counter t

south korea's central bank has meanwhile said it stands ready to cut rates if needed. cutting interest rates makes money cheaper to borrow ideally sending more of it circulating through the economy and boosting stagnant markets. but some analysts worry that cutting rates now to curb a slowdown leave central banks too little space to act in the event of a real economic crisis. but nations here want to get ahead of the next recession and they're following the lead of other central banks most notably the federal reserve. looming over everything is that trade war between the u.s. and china a conflict that shows little signs of abating. despite that trade border u.s. china and dozens of nations have signed a landmark mediation treaty in singapore the treaty of those parties involved in international commercial disputes to carry out mediated settlements in their own courts and have a new that was not previously available in cross border disputes singapore's prime minister says although multi-lateralism is under pressure the solution is to improve it not abandon it. experts say female leaders boost the bottom line that companies could add to global gr

bank. cooler pattern. we will look coming up. >>> north korea has released photos of its most recent missile test which i says a message to the u.s. and south korea. north korea's leader kim jong- un supervised the live fire demonstration of two newly developed short range ballistic missiles. they were launched from a western airfield and hit an island target off of the eastern coast. the launches show the reliability of what is called new type tactical guided missiles. kim jong-un said it was a warning in response to the joint military drill held between the u.s. and south korea. >>> learning about the bankruptcy file of the high end store, barneys. barneys filed for chapter 11 yesterday, hoping that will ease the pressure of having expensive leases. barneys stores in new york, los angeles, boston and san francisco, they will keep operating but barneys will close stores in chicago, las vegas and seattle as well as a dozen other concept stores and warehouses. >>> walgreens will close 200 stores in the u.s. to cut cost. they want to save 1.5 billion dollars. the company has not yet released a list of stores th

also talking about south korea and saying the relationship there will damage the country's trust relationship. and oh former bank of board member has been saying the boj is likely to cut interest rates more as japanese bond yields sink. and we go into the lunch break in tokyo. ♪ david: welcome back. jackson hole will be a big same. -- big theme. symposiums, and the keywords we are tracking, the number of times in the last year, inflation was a big hit. back in 2014 mario draghi, unemployment was the big problem. 2010 mentioned the words securities 32 times. i wonder what we will talk about this time. rishaad: talking about inflation 57 times when there is not any inflation. itid: just because you say does not mean it will not happen. rishaad: maybe it becomes a self-fulfilling prophecy. any negligent inflation. hays,talking to kathleen waiting to see before further easing. where at jackson hole people are gathering for the symposium. >> we are looking forward, everyone is telling us the global growth is slowing. let's get ahead of this and move now and reduce the probability of doing more later. we are pleased with

sophisticated cyber attacks to steal from banks and crypto currency exchanges the report was presented to a committee of the u.n. security council sanctions were imposed on north korea in 2006 in a bid to stop funding for its nuclear and ballistic missile programs. us media are reporting that the trumpet ministration is that to impose a complete economic embargo on the venezuelan government is a target any company or individual that does business or offer support to anyone affiliated with the government of president nicolas maduro and it would be the 1st measure of its kind against a government in the western hemisphere for nearly 30 years on monday washington froze all that israel and government assets in the united states. is a venezuelan national and the managing director of the financial advisory. consulting joins me now via skype from mclean in the u.s. state of virginia good to have you with us live on al-jazeera said thank you for your time and we'll be secondly sanctions work and what type of industries or economic areas will effect the most. well i think this escalation. must be a reflection of the position that the united states had into it and also the eu

bank k is likey to launch stimulus measures. in france, data shows the economomy grew 3/10 of a percent in the last quarter. the dax and frankfurt gaining midday. the trade conflict between japan and south korea. >> japanese officials visited the south korea foreign ministry to discuss the relations between the two. tradewngrade of seouls status took effect this week. has unveiled its most aggressive spending plan in the face of mounting economic challenges. the downgrade is due to the mishandling of the weapons programs. a court decision orders japanese forms for using korean slave labor during world war ii. >> the japanese government is trying to rationalize its -- as frequently as necessary.y. it is clear the japanese government has links to economic matters. japan is stepping up its investment across africa. has a strong presence in african nations. with the seventh tokyo onernational conference development underway, japan is looking to change the game. in africa.g action shinzo abe is counting on the prprivate sector to boost his country's presence. >> from companies founded more than a century ago to startups, investors vary by a great degree. they all seek value in africa. plan aims to

korea and the united states. those are due later in august. that's great there some other stories making headlines in the media around the world. we will start with the independent. the bank ofhat faces a one in three chance of recession even if there is an orderly brexit. manuel and the financial times, donald trump said the us replace a 10% tariff on $300 billion worth of additional chinese goods was opposite an escalation as mentioned a moment ago of the trade while between washington and beijing and ina while between washington and beijing and in a new threat to the global economic outlook. the times leads with promising medical news reporting that a simple blood test could detect the onset of alzheimer's stop it's been developed by scientists in what has been described as a breakthrough for combating the disease. the male online looks at the criticism levelled at the tech giant google which has been labelled hypocritical, this is after reportedly more than 100 private jets were used to fly celebrities including prince harry to climate change conference in sydney sicily. —— sicily. and finally, is it closing time for being a god by a bartender? it could be for a buy in l