within a decade, ishiba faced a difficult choice.he ldp lost power for the first time in three decades, and ishiba made a move to the party in p power. but he would reteturn to t the after it took back the diet. a few years later, he took over as defense chief. ishiba soon impressed the public with knowledge he'd gleaned from a personal fascination with the security forces. over the years, he moved between several senior posts. ishiba is no stranger to leadership elections, having tried to take the party's helm three times before. in 2012, he came close, getting the most votes initially before losing to abe in the runoff. ishiba later declined a cabinet position to focus on his own policies. he put up a good fight in that next racace, winning m more tha% of votes among rank and file members. ishiba hopes this time around he'll finally be able to cross the finish line. of the three main contenders, suga yoshihide is the only one who o sn't born into politicics. hihis family owns a strawberry farm in northeastern japan, and his first j

both ishiba and kishida have been campaigning outside the capital.y are taking advantage of the fact that suga must stay in tokyo because of his role as cabinet secretary. in reality, this is more likely a strategy to shore up support for one year from now, when the party holds another presidential election. >>> china and india have agreed to quickly disengage and maintain proper distance in a disputed border region in the himalayas. china's foreign minister and the indian external affairs minister held talks in moscow on thursday. in a joint statement, the ministers also pledged to continue dialogue on the boundary dispute through a special representative mechanism. the meeting came a week after the chinese and defense ministers agreed to seek a solution to the border issue. in june a clash resulted in the deaths of 20 indian soldiers. earlier this week china said indian troops opened fire in the region for the first time since 1975. the indian military responded to the allegation by saying chinese troops fired several shots into the air. >>> the eu

i know shigeru ishiba was shinzo abe's chosen, or rather, the public‘s favourite. strong in campaigning coachella i think campaign wise, suga looks the favourite. but i think... suga has been the party favourite to serve out the continuity. suga initially, when mr abe announced he was go to step down, said he did not want the post at all. and there are questions also, because any mr abe did shut down a lot of questions from journalists. is there a chance we could see more of this with mr suga? i doubt that. i think ms. -- i think —— i think suga knows he is being watched very closely. the putting on his performance in the next 12 months or so, he could open themselves up to serve the new term is the prime minister, so he would be very careful in treading many things. that includes certainly his relationship with the media. 0k, things. that includes certainly his relationship with the media. ok, the deputy prime minister has hinted there could be a snap general election as soon as the next leader is announced. is that really capitalising on timing and is there agree

former ldp secretary general ishiba shigeru is visiting areas hit by the 2011 earthquake, tsunami, andlear accident. chief cabinet secretary suga yoshihide visited the offices of party lawmakers to seek their support. >> suga is also connecting with local party members online. ldp policy chief kishida fumio visited the northeastern prefecture of miyagi. he met local rice farmers who are worried about low demand for their crops amid the coronavirus pandemic. >> 394 ldp lawmakers have votes in choosing the new party leader. in addition, local chapters in the country's 47 prefectures will have three votes each. suga appears to be the front runner after securing support from major ldp factions. next wednesday, the new party president will be virtually assured to win the vote for prime minister in the diet as it is controlled by an ldp-led coalition. the person will succeed abe shinzo who announced last month he is stepping down to deaeawith health issues. ♪ >>> walt disney is facing a backlash over itits release of e of the bigiggest movovies the year. someme criticscs are calling fo boyco

ishiba shigegeru is running to party leader for the fourth time.he former ldp secretary general and defense minister has long bebeen seen as abe's rival. he says he will improve living standards in rural areas by creating jobs and raising incomes. 535 votes will decide the winner next monday. 394 of those will be cast by party lawmakers. the remainder will come from representatives of local ldp chapters, which have three votes each. the party will announce the new president later the same day. >>> japan continues to reopen to countries and territories where it deems the coronavirus to be largely contained. starting tuesday entry restrictions are eased for long term residents from taiwan, malaysia, cambodia, laos, and myanmar. the same move has already been made for vietnam and thailand. japan also aims to strike a deal with singapore by the end of the month to mutually allow short and long term visitors. the government is also negotiating with china, south korea, and australia. it hopes the moves will help reviveve jajan's economy. >>> people in p

. >> also in thee race are kishid fumio, ldp policy chief and form foreign minister, and ishib ishiba shigeru, former secretary general and former defense minister. most of the party's large factions have pledged their votes for suga together amounting to two-thirds of the sitting lawmakers. on september 14th, 394 ldp lawmakers will get to vote on who becomes their next leader. local chapters representing the country's 47 prefectures will decide on how to designate three votes each. two days after the new party president is chosen, japan's diet will vote on the prime minister. a win there is nearly a fore gone conclusion since it's controlled by an ldp-led coalition. >>> staying in japan, researchers here have begun evaluating blood samples from coronavirus survivors to see how long antibodies remain in the human body. they want to analyze the risk of reinfection and help develop vaccines. antibodies are proteins created in the human body after a person is infected by y a virus. one type called neutralalizing antibodies are s said t to prev infection. a team led by researchers from yo

suga won more than 70% of the votes cast, beating his two opponents, former ldp secretary-general ishibahigeru and kishida fumio. diet members will vote wednesday to pick the new prime minister, and suga will almost certainly win, since both houses are controlled by an ldp-led coalition. new cabinet ministers will be named later that day. the new ldp president is known for his loyalty and tough work ethic, but when not at work, suga keeps a low profile. this next report takes a look at his personal history. >> reporter: nearly every day the last eight years, suga yoshihide stood here taking questions from the reporters, especially in times when the government faced tough criticism, from allegations of corruptions to unpopular decisions. the top spokesperson seemed unflappable. >> reporter: then he took this step into the glare of the public eye. suga unveiled japan's new era name, reiwa. it is an uncommon honor, whihic madede millions look at the t s trusted aide and adviser in a new light. it earned him the name uncle reiwa and started speculation about the man behind the podium. he gre

. >> also in the racace are kishi fumio, ldp policy chief, and former foreign minister, and ishiba shigeruformer ldp secretary general and former defense minister. of the three, suga has secured the most support. most of the party's large factions have pledged their votes for suga, together amounting to two-thirds of the party's sitting lawmakers. on september 14th, 394 ldp lawmakers will get to vote on who becomes their next leader. local chapters representing the country's 47 prefectures will decide on how to designate three votes each. two days after the new party president is chosen, japan's diet will vote on the prime minister. a win there is nearly a foregone conclusion since it's controlled by an ldp-led coalition. >>> pope francis has held his >>> china is rejecting a report by the u.s. defense department that projects beijing will double its stock pile of new clear war heads over the next decade. >> translator: the report deliberately distorts china's strategic intentions. china firmly opposes this. >> the spokesperson says china urges the united states to abandon its cold war men

. >> forrer ldp secretary general ishiba shigeru appealed to lawmakers who feel they're underrepresented translator: if the public thinks a small group of people are making the country's popolitical decisions or that popoliticians only care about their personal ininterests, the vevery foundation of democracyc will crumble. this e election will decide wha kind of nation japan is. i will do my best for that cause. >> 394 ldp members will vote to choose their new leader on september 14th. local chapters representing the country's 47 prefectures will decide how to designate three votes each. the new party president is virtually assured to win a vote on the premiership ton diet two days later as it's controlled by an ldp-led coalition. >>> as the coronavirus pandemic continues, the u.s. centers for disease control and prevention has reportedly notified all 50 states to be ready to distribute a potential vaccine as early as november 1st. but some health experts are warning the timeline may be too ambitious. u.s. media reports that the cdc have sent documents advising early planning for a covid

if anyone had hopes for ishiba to be the dark horse and win on the coattails of his popular support among electorate, he has very little power within the factions. only 19 members within his own faction. shinzo abe has 98 members. you are looking at the numbers favor.king in ishiba's haidi: is it a foregone conclusion he will be elected? what are the implications should japan head to the polls for a popular vote sometime next year? >> even before the race officially begins, three factions with a total of 150 five lawmakers have shown their support for suga. suga is not in any group. areones close to shinzo abe lining up in suga's camp. so it looks like it is as close to a foregone conclusion as you can get with suga rising to the top. as for policy, any new leader -- toeed to continue t convince the populace they are in good hand and convince markets of policy stability. one of the first decisions is when to switch to stimulating return to growth after all of these life-support measures due to the coronavirus outbreak. any sign of a departure from the path could send the yen surging and s

really, as i say, i will use a poker analogy, the cards are stacked against ishiba.our north asian correspondent with the latest. downgrading expectations for australia second-quarter gdp reading. we hear from senior economist felicity emmett. she will take us through the analysis and the outlook for the rest of the year. this is bloomberg. ♪ rest of the year. this is bloomberg. ♪ haidi:haidi: let's take a look at our market, how they are shaping up as we hit the midweek session. u.s. stocks setting another strong lead overnight with another record high when it comes to the s&p 500. the nasdaq one short of the 12,000 level as the tech rally continues to drive the exuberance. chicago and nikkei futures as we get the leadership, heating up. upside of .3%. over in seoul, kospi futures are looking like a positive start to the day. 1.2% higher. in sydney, we are awaiting second corded gdp numbers. looking like an ugly print. estimating a 6% contraction quarter on quarter over a 5% contraction year on year as australia looks for confirmation of the first recession -- techn

destruction, and thatis constructive destruction, and that is what i think i am expecting from mr suga or ishibajiro ta keshita, thank you positive direction. seijiro takeshita, thank you for your analysis. always great to have you on the programme. let's get some of the day's other news. up to £3.5 billion — that's $4.6 billion — in coronavirus job retention scheme payments may have been claimed fraudulently or paid out in error, the uk government has said. hm revenue and custom estimates that 5—10% of furlough cash has been wrongly awarded. the scheme has paid 80% of the wages of workers placed on leave since march, up to a maximum of £2,500 a month. the founder of netflix says he has seen no benefits of his staff working from home and that the new normal makes debating ideas harder. despite that, reed hastings says his 8,600 employees will not return to the office until most of them have received an approved coronavirus vaccine. other leading technology companies like twitter have suggested employees may never return to the office. there is a thought, isn't there? never return to the office.