you know there's no israel not one of japan versus china but rather of japan in the united states versus china in inner cities as well you know it's not washington or tokyo or something i know he's very strange that a new member of the chinese leadership in a fever of japan and that's kind. and you want to jump in there the u.s. and. i think it's because i want to see what's going on here and i think it's quite clear that it's quite clear that japan and the united states are longtime military allies that they have a joint economic project japan is something of a junior partner to the united states in the region and globally and it has been such since one thousand nine hundred five i think that what's happening is that china is being denied access to the sea it is being denied systematically and through new provocations this one being the latest access to resources that china considers to be necessary for its development i believe that if the united states were not a major factor in the calculations going on in the middle east the countries of the region would actually find a negotiated s

china demonstrations this month. many support their government in the stance against japan. but some are calling for restraint from both parties. >> translator: the islands are definitely china's no matter what japan says. we chinese have a mission and responsibility to defend our territorial integrity. >> translator: i have high expectations for friendly china-japan ties because we're neighbors. while you can choose your friends, you cannot choose your neighbors. so neighbors are like your relatives. >> reporter: how do chinese people who have been involved in bilateral exchanges see the deteriorating relationship? this is sue xiawan. her father was former chairman of the china-japan friendship association when the two countries normalized relations in 1972. he witnessed the signing of the historic joint statement. for the past 40 years, sun has been engaged in various exchange programs with japan in a private capacity. she has also translated numerous japanese books into chinese. >> translator: i can't tell you how sorry i feel. i am even saddened to see years and years of

china sea. japan controls the senkakus, china and taiwan claim them. the japanese and chinese vice foreign ministers have met to find a breakthrough, but they could not narrow their differences. japanese vice foreign minister chikao kawai and his chinese counterpart zhang zhijun met for four hours at the foreign ministry in beijing. kawai explained the background and consequence of japan's purchase of the islands. >> translator: we have exchanged our views on the situation frankly. we managed to agree that the two countries should continue talks to resolve their differences. >> the chinese foreign ministry released that said the purchase of the islands hurt the 1.3 billion chinese. a spokesperson quoted him directly. >> translator: japan should reflect deeply on its actions and correct past mistakes. then it should get bilateral ties back on the right track as soon as possible. >> japanese chief cabinet secretary osama fujimura said government officials are trying to resolve the dispute through a numb

the view from there. >>> violent anti-japan demonstrations raised across china this month. many chinese people support the involvement against japan. some are calling from restraint from both sides. >> translator: the islands are definitely china's. no matter what japan says. we chinese have a mission and responsibility to defend our territorial integrity. >> i have high expectations for friendly china japan ties because we are neighbors. while you can choose your friend, you cannot choose your neighbors. so neighbors are like your relatives. >> how do chinese people, who have been involved in changes see the relation snp -- relationship? when the two countries normalized relations in 1972. he witnessed the signing of historic joint statement. for the past 40 years engaged in various exchange programs with jap japan. she has translated numerous japanese economic policies into chinese. >> i can't tell you how sorry i feel. i am even saddened to see years and years of hard work to nurture ties by my father, his colleagues, and by us. crumble so easily. >> even if official rela

it comes to manufacturers, more firms will likely set up another hub outside of china to reduce the overall risk. >> japan and china closed economic and business ties, but companies might change course if the tension continues. nhk world. >> the rising anti-japan sentiment is prompting firms to look to myanmar as an alternative destination. a business delegation is urging them to improve the business environment. they were led by the chamber of commerce and made the request in the capital on thursday. they were in talks with the president and minsters in charge of the economy. he asked the officials to create a legal framework needed for foreign investment to provide incentives from investors from overaccess. the country will take measures because he wants more investments from japan. >> ken kobayashi is one of the delegates visiting. he emphasizes that investor nations should find an affinity for the people in the destination countries. >> costs are not everything when it comes to global investment and expansion. the attachment or otherwise to japan of the people in the operating country is one of the mo

tensions between china and japan undermined sentiment. retailers it up blink 7% as un any globe closed more stores in china. can about porters also paired morning gains on the weaker yen. kospi edged higher in late trade. construction shares losing ground. the aussie market slipped lower after mixed messages from the rpa minutes. mining majors declined, but metalled soared 17%. back to you. >> thanks very much for that. well, the commodity futures trading commission is talking to the cme and ise. brent crude dropped more than 3 bucks and that may have contributed to the monday stock market losses. i.c. i.c.e. declined comment. they're unaware of any technical issue that contributed to selling. david kelly joins us, chief global strategist. what's your reaction here to that selloff yesterday some does it tell you anything more broad broadly? >> no, we've seen a huge rally this year particularly in the united states and i think we were due for it a bit of a correction. but overall the story has been one of tail risks and tail valuations. the

the united states is happy to see japan and china japan and taiwan in dispute with each other because forces you into a closer relationship with the united states see japan. in one. taiwan china south korea korea and with russia and then every. result of. each of these neighbors into a closer relationship. north korea so that the plane will become even more isolated. hysterical and will. totally on the united states full confidence. well here at r.t. we've been following the china japan standoff since the beginning so you can trace it back to the very start on our website r t top com we've also got coverage of the water cannon battle between japanese and taiwanese vessels and more on the peace efforts being pursued by both tokyo and beijing and. well the security lockdown as a precaution against mass protests slated for today thousands are expected to gather in condemnation of this government's cannot of course we're talking about spain it's all about austerity measures with a heavy emphasis on how cuts have come at the expense of democracy among the protesters demands in madrid are o

is not willing to relinquish its sovereignty again. >> china is worried that japan will be able to keep the island. if the country has possession of an area for 50 years, they have a claim to it by international law. china wants to prevent that, so they are moving against japan. >> china, japan, and taiwan all lay claim to the islands. over the summer, many have tried literally to plan their flag on the territory. some demands go back hundreds of years. china's case hinges on nautical maps dating from the sixth century. he has also collected what he describes as evidence. dam it does not help trying to dust off the past. we should let the judges decide. china and japan should take the case to the international court. in both arguments would be heard. >> the family still owns one of the islands. they have leased the island to the military, which is using the area as a training ground.ve shr now at least, it is only a drill. >> germany is following france's lead and closing the embassy -- closing many embassies in muslim countries tomorrow. >> concerns that an image of the prophet

series of territorial disputes in the asia pacific seeds this means we're not just talking about it china japan dispute we're also talking about a japan korea dispute over duck though we're talking about japan ongoing dispute with russia over the northern islands as the japanese call them we're talking about disputes in the south china seas between china vietnam the philippines and others so something is going on very large and significant around territorial issues in in

people across china are raising banners and their voices against japan. the demonstrators have been protesting against the japanese government's purchase of the senkaku islands in the east china sea. messages online are calling for rallies in 58 cities on tuesday. they'll mark the anniversary of the incident in 1931 that led to japan's invasion of manchuria. around 200 people gathered monday in front of the japanese embassy in beijing. it was the seventh straight day of protests there. rallies took place in dozens of chinese cities over the weekend. some turned violent. police in beijing posted a statement online saying that destroying property is not patriotic. they called on protesters to observe law and order. police detained suspects accused of attacking a japanese-affiliated supermarket and destroying japanese vehicles. a spokesperson called on protesters to exercise restraint. but he stopped short of telling them to end their demonstrations. the japanese embassy is warning japanese nationals in china to be cautious. all japanese schools in mainland c

china still attaches importance to its relations with japan. china is still seeking and hoping that the japanese side would come back. >> reporter: chinese government officials say the ball is now in japan's court. in other words, it's up to the japanese government to take action to remedy their rift. china's leaders have demanded that japan reverse its position to nationalize the islands. at the very least china's government officials want japan to recognize the territorial sovereignty of the islands as an issue that is up for debate. that could help bring down tempers in china, and a cooling of tensions could help clear the way toward a diplomatic resolution. michiaka yama ka, nhk world, japan. >>> i spoke with a visiting professor who specializes in international affairs. chinese people are angry that the japanese government nationalized the islands. did the japanese leaders expect this kind of reaction? >> well, i did, and i hope they did. but unfortunately, the feeling of the japanese government is this. they thought the nationalization wou

japan nationalize the islands two weeks ago. china and taiwan claimed the territory. that has put relations in an unprecedented situation. one of the japanese delegates says tension in the room was extremely high. the former speaker of japan's lower house says japan should take measures to correct the current circumstances. >> translator: what is needed most is leaders of both nation talk in a diligent and calm manner. >> he said he stressed the importance of getting business between the countries back to normal as soon as possible. >>> a man who helped shape a u.s. foreign policy are asking both sides to take a step back. he was a senior advisor to george w. bush. we sat down to get his views on the situation. >> reporter: former deputy secretary richard is an expert on security issues in the asia pacific and the japan-u.s. allian. his art is to bring calm to the situation. >> i think japan should do what japan can do to cool tempers, to explain to our public what's at stake here. i realize this is a difficult time for japan because of what will be impending elections

it's also the case that domestic politics both in china and japan will shoot will swirl shortly undergo big changes and that is pushing leaders in both countries not to look like they're backing down china taiwan and japan all that lay claim to these islands and with the international situation there are also other players including the u.s. who also have security interests in the region all of that means that the dispute over these smaller islands could have potentially very big consequences certainly tama showing no signs of a calming down the moment artie's time barton thank you. well there are two we have been following the whole china japan standoff since the beginning so you can trace it back to the very start on our website our dot com we've also got coverage of the big water cannon battle between japanese and tyler needs vessels and more on the peace efforts being made by both tokyo and beijing. this is our spanish parliament has taken on the appearance of a fortress today complete with hundreds of riot police manning barricades the security lockdown as a precaution agai

pros has have been building across china and japan china has also expressed its the perspiration over a proposed american missile shield in japan protest as a slander america charging. increased you are succeeding seeing the region has emboldened and other countries to challenge china such just heats and experts have watched the ongoing dispute threaten to spread further afield. what we have both sides doing is probing weaknesses of the other try and feels that it's due more respect than it's using issues like the islands issue or using. some stream issues over japan just having consented to place another ballistic missile defense system is essentially to power squaring off and while this looks like china japan and there are certainly deep historical grievances this is really about china testing the united states and its alliance with japan and to some degree i expect these kind of scrimmage is to continue for a long time the games of brinksmanship it will continue to look tense and james and james and then you'll have moments of relaxation so what we're seeing today is a snapshot of

and say look on this our treasure island china japan china and japan take to the high seas over disputed territory we investigate what's behind the conflict. parliamentary elections near in georgia and the opposition movement seems to be gaining momentum the government tries to boost its ratings but with some quiet questionable. stories much more coming your way after a short break stay with us. tucked in between the russian mainland japan and the suckling island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'll take a look at what's in store for us here. until two thousand and four the island was part of the boarders own and was completely restricted to visit is now the spiritualist place is open to tourists unique plants and animals are its top attraction. really has been exploring the deaths of the world seas for several decades but it's here at more your own island where he has finally found what he'd been looking for . the water here is very clear the visibility is very good and the underwater world her

egypt pacific pivot so i think it actually has an interest in it increasing tensions between japan and china because that makes japan ever more eager to accept it and the american military presence which up until now has been quite strong protest against but now we see them renewing military and joint military exercises in guam etc so so it is increasing the japanese reliance on the american security blanket as it as it were and i think that's that plays into american interests china comes up again another stories on our website are two telecom this time china fabio hates the u.s. as president obama orders a chinese company to abandon an american investment. also on our website for small children will have just spent a year apart from their russian mother has finished its falsely accuse their family of child abuse find out why it happened on archie dot com. a hundred thousand opposition supporters have rallied in the georgian capital tbilisi as the country gears up for parliamentary elections on monday the leaders of the opposition announced at the demonstration their shore of their victory

dispute. >> we can talk to martin now who is in beijing from what i have read, the message from china to japan was pretty uncompromising. >> i think uncompromising is the right word. you have to put this in context. china is gearing up for a once in a decade leadership change. economic cardgh will sure to win china's leaders support. they do not have a lot of room to maneuver been th. >> are you suggesting that one should wait until this transition whenever it happens before we see what relations between china and japan are going to be? >> certainly, it is difficult to see during a time of transition. china's leaders are always going to take a tough line of islands. what we often see is a ramping up of those tensions such as the protests we saw last week and then diplomacy kicks in. tokyo is taking a tough line. the sovereignty of the islands is not addressed. >> thanks very much. let's take a look at some of the other stories making headlines. 7 somalis accused of being pirates in malaysia. these defendants were captured by the navy after they allegedly tried to hijack an oil tanker. police i

japan. in one. taiwan china south korea with korea and with russia and. the result of the dispute will be to force each of these neighbors into a closer relationship with. north korea so that japan will become even more isolated will be probably somewhat hysterical and will. totally own the united states will come from kids who are. of course here at r.t. we've been following the china japan standoff since the very beginning and you can trace it back to the very start on our website our dot com we've also got coverage of the water cannon battle between japanese and taiwanese vessels and more on the peace efforts being made by both by tokyo and beijing and. now the spanish parliament has taken on the appearance of a fortress today complete with hundreds of riot police manning massive barricades security lockdown as a precaution against mass protests that are said to be staged in just a few hours with thousands expected to gather in condemnation of the government's crisis conduct joining us now from madrid now for more on this is spanish journalist and write

noda said the demonstrations against japan have made china less safe for japanese citizens and businesses. he said that's deeply regrettable. noda said he's concerned about reports that chinese customs officials are performing tougher economics on goods from japan. he said that could deter foreign investors. the rising tensions between japan and china over the senkaku islands are hurting bilateral private sector economic exchanges. a high-level japanese delegation has decided to put off a visit to beijing at the last minute. it was due to start the tour on tuesday. officials of the japan-china economic association say they decided to postpone the visit on monday. they explain that's because it has become uncertain whether the delegation can meet chinese leaders as planned. the annual visit has continued uninterrupted since 1975, even after the bilateral relations cooled down in the past. officials say, however, that japan business federation hiromasa yonekura and toyota's chairman plan a visit to beijing on a personal basis on thursday. the two chairmen are expected to hold talks with wit

. >> ifill: then, we turn to the flare-up in tensions between china and japan over uninhabited islands in the east china sea. margaret warner gets an update. >> woodruff: and jeffrey brown talks with former u.n. chief kofi annan about his new memoir and his role as syrian peace envoy. >> as one of my predecessors said, our objective to prevent humanity from going to hell. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: investing for the future, we're helping to bring these new capabilities to market. we're investing billions of dollars in a run d around the globe to help create the technologies we hope will be the heart of tomorrow's innovations. i believe by investing today in technological advances here at intel, we can help make a better tomorrow. >> bnsf railway. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by t

another issue is a row between japan and china over the islands. the south korean leader called for building stronger armed forces. the leaders of japan and columbia are pushing for stronger economic times. they gave the green light for starting nuclear level instructions. japan's business leaders hope the epa will boost exports of bills and other products to columbia. more than 1.2 billion people have taken part in the first nationwide earthquake drill in new zealand. many students and company workers took part. the drill was based on a scenario involving a large quake occurring in early work hours. students crawled under their desks as instructed by teachers in the elementary school in the southern city of christ church. >>> europe's first north korean restaurant has closed after just eight months. a dispute between it's dutch emowner and it's employees -- the manager of the restaurant closed it earlier this month. he said he called police when staff tried to steal restaurant property last month. employees responded by trying to sue him over wages

its asia pacific pivot so i think it actually has an interest in increasing tensions between japan and china because that makes japan ever more eager to accept it with the american military presence which up until now there's been quite strong protest against but now we see them renewing military and joint military exercises in guam etc so so it is increasing the japanese reliance on the american security blanket says that as it were and i think that's that plays into american interest coming up we continue to examine the rise of extremism in europe in our two special report. there are those who desperately need it to survive. misspoken has a ton of money it's a long look i'll choose the wall building the fish. and the suppresses the prize the rights of the two for. those who don't get their share of the traits. good by downloading god's. grace i mean old dos but looking one not us that people need to know about it i mean not look at it from the company from. those who suck it out to prosper. inside the cities instead. of in the front. it's. licensed and. no one can live without it's in one

china also took part. the protesters held banner ins over the islands. they gathered in front of the building that houses japan's liaison office to voice their opposition to the move. fences were put up around the site and about 300 police officers guarded the area. china's navy has received its first aircraft carrier. chinese media say a ceremony to mark the event take place on sunday. the aircraft carry e underwent a series of repairs and test navigation since its purchase from ukraine 14 years ago. chinese media say the carrier will soon leave and will sail to a naval facility for a formal commissioning ceremony. a japanese military analyst says the commissioning will take place some time around october 1st, the anniversary of china's national foundation day to boost national prestige. the analyst says it is likely to be used for landing and takeoff training missions in preparation of a future deployment. the country's bolstering of the capabilities with the deployment of the carrier is seen as an attempt o expand maritime interest. >>> the free syrian army is expanding its control into northern syria. that's

in the surrounding waters to plan has been holding meetings with china to try and calm that is spewed this latest tension began after japan bought the islands from a private owner and nationalize them that caused huge protests in a number of chinese cities china has made it clear that that japan should be under no illusion in the dispute and that it will accept no infringement it says of what it considers its territorial integrity taiwan japan and china all claim the islands as their own and there are other players including the us that have security interests in the region domestic politics in both china and japan are due to undergo large changes in the coming months and that puts pressure on the leaders there to show that they are not backing down all of which has led to fears that this dispute over these small islands could lead to some very big consequences. right we've been following the china japan standoff since the beginning so you can trace it back to the very start on our website at r.t. dot com we've also got coverage of the water cannon battle between japanese and thai with these vessels and more on the peace

the rao is hurting some japanese exports or is as the anti japan protests in china made some of them actually put their production at the chinese factories all. over on wall street overnight stocks shed value as well something pretty much across the globe a bit of a correction after a rally last week that sent the s. and p. five hundred to its highest level in about five years financial and energy stocks stocks were among the main ones feeling the pinch apple managed to resist the downward pressure thanks to a pretty robust sales of its leaders i'm still in model on the currency markets the euro at the moment is retreating to the dollar and the russian ruble is only thing of value to the currency basket and crude russia's main export commodity is retreating again this hour after the biggest drop in about oh we lost on monday and the report finds russia's rich are sharing some of their wealth a number of people with more than thirty million dollars has declined here in the country russia is now number eight on europe's new rich list one position lower than a year ago last year te

the territorial dispute between china and japan takes a turn for the worse they bring also get angry over the intruders intensified of cities here in the region. more than one hundred eighty people were swept into custody as occupy wall street protesters moxy gaze as they fire as demanded and then to corporate greed activists descended on the financial district and tried to block the entrance to the new york stock exchange offices in the situation our reports. after the occupy wall street movement is here after its inception. takes the big apple by storm in full force i think i think that it is up police on horseback and behind barricades from the wee hours of the morning. marches and acts of civil disobedience all day long images that have become all too familiar throughout the past year reoccurring protesters thrown to the ground people there to document the action knocked down by. activists attempting to help others wrestled by police. arms twisted and cops left and right over a hundred and eighty people of rested in one day when there's no place for people to come outside and to

dependst forget, china on not having rivals in the economy. it is only one-tenth of that of japanmeaning we are still in a situation where we are coupled to each other, rather than being rivals. >> no one is talking about japanese companies withdrawing investment from china, but for a long time given the anti- japanese sentiment, they may rethink investing in china again. >> fedex, the cargo carrier? >> the mood in corporate america is increasingly downbeat. we will have the confirmed very soon by fedex, as you say. air cargo is a dynamic industry as it is a leading indicator for the global economy. you can bet your bottom dollar that these numbers give us an indication six months in advance of what is around a corner. if the cargo numbers are down, you can bet that the global economy numbers are down. fedex is pretty much ships everywhere, so we are dealing with a faltering slowdown in the u.s. economy. given the slowdown, what implications are being had? >> like ups, they tend to do well when the economy is picking up. people find that when the engines are running low, they need

nations that it is the balancer and part of the ongoing effort to contain his goals to engage china could sort of japan and china have long had economic rivalries and we say the regime is too big but can japan really afford to take on it be competitive over this well they're both competitors and important is in trade japan certainly is going to pay for this. there's boycotts going on now of japanese products a number of japanese factories in china had to close at least temporarily during the last crisis over these islands the chinese at least for a period of time in the sale the trade of rare earths which are essential to japan's high tech economy at the same time china needs japanese investment so. the war would cost both characters one reason why it didn't happen appreciate the program. thank you thank you. so have funa few minutes on r.t. europe's lasting tator under fire the president the ruling elite of bella once again accused of vote rigging after opposition members fail entirely. parliamentary seat we report and the euro bank is stumble on an extra twenty billion euros in the greek budget defic

a tenth of a percent each on concerns about an escalating dispute between china and japan they're always hurting some japanese exporters as the anti japanese protests and china made some of them put production in their chinese factories on hold for the time being on wall street overnight stocks shed value as well something was saw pretty much across the globe a bit of a correction there following a rally last week that sent the s. and p. to its highest level almost five years financial and energy stocks so we're hurting the most apple managed to actually withstand the pressure thanks to a very robust sales of its latest i phone model all the currency market the euro is retreating to the dollar at the moment of the russian ruble a loss to the currency basket on monday we'll bring you the latest figures as soon as the russian markets reopen to less than one hour here in moscow equities ended monday's session with losses mainly due to the same profit taking i just mentioned and crude is the main export commodity is actually doing quite well this hour gaining after the biggest drop in about

out around the quarter percent down mainly on the concerns about the escalating dispute between china and japan the rao is now hurting japanese exports as the anti japanese protests and china made some of them hold their production at their chinese factories now onto the currency market there the euro is retreating against the u.s. dollar and the russian bull is shedding value to the current sea basket and crude russia's made export commodity is mixed this hour the still retreating after the biggest drop in about a week on monday brands at the moment is in the positive territory. and while the rich get richer. the not so rich get poorer and that's according to the latest reports by wealthy ex about finds russian millionaires are shedding some of their wealth the number of people with more than thirty million dollars in assets has declined to russia's now now britain eight europe's rich list one position lower than a year ago over the past year ten percent fewer people have at least thirty million dollars topping the list is germany with more than fifteen thousand millionaires whose total wealth

tokyo and hong kong are both shedding value and concerns about an escalating dispute between china and japan their hours are already hurting japanese explorers the japanese protests and china made some of the. japanese exports close their production factories in china one of these put them on hold over on wall street overnight stocks shed their value as well something we saw pretty much across the globe a bit of a correction after a rally last week sent the s. and p. five hundred to the highest level in five years financial and energy stocks or the main ones feeling the pinch our pulled managed to resist the downward pressure thanks to its very robust sales of the latest i phone model onto the currency market at the moment as you can see the euro shedding value to the u.s. dollar the russian ruble is retreating to the current sea basket and crude russia's main export commodity is retreating again this hour after the biggest drop in about a week on monday and while the rich get richer the not so rich get poorer the latest report by the wall x. finds russia's millionaires are shedding some of

japan's largest corporations have had to put their operations on hold in china due to fear or anti japanese protests triggered by a territorial tete a tete asia has slammed tokyo for buying disputed islands from a private owner while u.s. . as and during the fray with plans to build a second anti-missile radar on japanese soil steven climates from the atlantic magazine believes countries are now testing the water before making better moves in the future. when we have both sides doing is probing weaknesses of the other china feels that it's due more respect and it's using issues like the islands issue or using. some skirmishes over japan just having consented to place another ballistic missile defense system has essentially two powers squaring off and while this looks like china japan and there certainly deep historical grievances this is really about china testing the united states and its alliance with japan and to some degree i expect these kind of skirmishes to continue for a long time it's games of brinksmanship it will continue to look tense and tense and dense and then you'll have mom

south entered the territorial waters surrounding the disputed islands in the east china sea also known as senkaku in japan and china which claims ownership to for trying the ships are also patrolling just outside of the consider own now this comes after all trying these patrol ships were seen to have left the waters over the weekend and just one day earlier china postponed a ceremony marking the what do you found the worst of the establishment of the ties with japan over the territorial spat mass protests have been held throughout the week of course both china enterprise with some turn in violence no one lands on the disputed archipelago but it's such a hold vast reserves of natural resources beijing also slammed the u.s. for building up military activity in the asia pacific region which it claims is bolstering so go to challenge china in such the speeds international affairs and defense analysts and liars as the police washington is for more than simply an onlooker. but it does say the secretary of defense that he fears that there are these territorial disputes could lead to war between japan and china h

picked shinzo abe as the new person. >>> we're learning about how political tensions between japan and china is affecting the economy. do you see that happening through the stock markets? >> indeed. investors will continue to keep a close eye on the political tensions between japan and china. we are, in fact hearing more news that the tension -- the rift is affecting japanese businesses and corporate activity. on wednesday, ana said that 40,000 seat reservations have been cancelled. we will keep an eye on china related issues. >>> turning to the currency market the yen gained ground against the dollar and the euro. the euro/yen around $99.99. euro/yen hit a two-week low of around 99.70 in european trading and that led to gns in the yen against the dollar, that pair pretty much remained in european trading and new york trading. back to you. >> catch you later. >>> japanese firms are asking mean mar to improve the business environment for foreign companies. it is attractive due to its rapid economic reforms. the chairman of the japan chamber of commence met with an official in the capital. he

the man picked to be the next leader of china says that japan should rein in its behavior over a chainf disputed islands in the east china sea. syrian rebels say that heavy fighting in damascus6 [unintelligible] let's get the latest business news. japan, the central bank there is following a dispute from the federal reserve. >> appalling figures coming out of japan today, down 1.2%. when would you think the people expecting an increase would realize that things are out of kilter? injecting extra dollars into the economy, by the end of 2013 they reckon it will be $1 trillion pushed into the economy. this is meant to encourage people to borrow money, bring down interest rates, weakening the yen, which could help exports. but the problem is you can give people this money, like reading a horse to water and making it drink, but will they actually barrault? this is what christopher answered. >> monetary policy can only go so far in terms of encouraging people, but of course if this money is not passed on to more lending, we might find that this money will trickle out from banks into other as