but japan can meet everybody halfway.e need to plan for all sorts of contingencies on the korean peninsula. i see what goes on at pyongyang, north korea, obviously is a source of more than a little concern. >> and the key countries, key states in the region, namely japan, china and south korea. the leaders aren't meeting each other. >> i very much hope the japanese prime minister and president xi jinping can meet. i very much hope they can agree to set in motion a set of follow up meetings with various ministers and others. but there should be agreements that if there's a crisis there would be certain types of hotlines where people would talk. in some ways as i see it the relationship between japan and south korea is even more complicated right now. but these are two countries that share alliances with the united states. >> reporter: the rise of the islamic state militant group has further destabilized the middle east. the outbreak of the ebola virus is a threat not only to african countries but also to countries in the w

it's japan's 14th such deal. australia will be japan's biggest epa partner in terms of trade value. lawmakers in the upper house approved the pact. lower house lawmakers endorsed it last week. japanese authorities will lower tariffs on chilled australian beef from 38.5% to 23.5% within 15 years. their australian counterparts will remove a 5% tariff on certain types of japanese cars soon after the deal takes effect. the prime ministers of japan and australia signed the deal in july. it also gives japan a stable supply of liquefied natural gas from australia. the country is the biggest exporter of lng to japan. the pact is expected to take effect early next year, after relevant bills are passed. >>> let's get a check of the markets now. investors are waiting for a key jobs report due out in just a couple of hours. ahead of that, encouraging corporate earnings are supporting overall sentiment in europe. here's how the major benchmarks are doing at this hour. fairly mixed picture right now. we're seeing some markets retreating from earlier gains. london is still up by 0.6%. frankfurt, t

japan is the first of its kind. experts are interested to see how the company will balance on line freedom of expression with privacy protection. >>> u.s. ambassador to japan has expressed stronger hope for cooperation in the space industry. kennedy spoke at a reception at the ambassador's residence in tokyo. about 100 people, the japan aerospace exploration industry, attended. >> for over 40 years t united states and japan have worked together in space. our joint research and development have increased understanding of the universe. >> our bilateral corporation is not limited in the human space exploration. in our effort to protect the precious environment of our home planet, the field of earth science is a major part of our comprehensive task list. >> the two countries are cooperating on space degree like defunct satellites as well as joint defense. >>> japan's top wrestlers will be back in action this sunday and they'll be keeping a close eye on one competitor. the 40-year-old is quickly becoming the sport's newe

japan would be against that. as would some asian nations. >>> well, investors are happy tw the results. they think the gop majority in the house and senate will be good for the market. ai uchida is joining us at the business table. >> well, republicans are in favor of less regulations. they want company executives to be able to make decisions more freely. investors think this business environment is good for the stock market. on wall street the dow jones industrial average rose to a record high and closed up by 100 points. investors are hopeful executives will be free to do what's best for theirs business. that would lead to stronger earnings and higher stock prices. better than expected job data also helped boost overnight share prices. >>> the buying momentum is spreading to tokyo. the nikkei is a stronger dollar increases those companies profits in yen terms. and the dollar is trending higher, hitting a four-year high against other major currencies. against the yen it's at seven-year highs. analysts believe th

we have a low pressure system that is skirting south of japan. but because of that it's wrapping itself with the northerly flow, and that's dropping temperatures in hokkaido. let me show you some video coming out of the northern portion of japan, where people, and you can see also animals in northern japan, are having to bundle up in heavy coats as frigid air is blanketing the region. now, wednesday was the chilliest day of the season so far. morning lows dipped to 14 degrees below freezing in some areas. and you can see here some of the ducks are trying to walk through the ice because of the freezing taking place. i do believe, though, by thursday we should see an improvement when it comes to the temperatures. a little bit warmer as we go through the week. once the low starts to pass off toward the east, we will have high pressure trying to build in from the west. and that will help to raise temperatures as we go in to the weekend. because we'll see a shift and see winds coming in from the south. meanwhile, as long as the high stays over to the

exporters who are starting to invest more in japan. they are increasing their profits but not so much their investments. now companies are becoming more optimistic. they are investing more. we can expect that the weaker yen is having a stronger impact on exporters and incomes in japan which is a strong plus. >>> analysts say the rise in the consumption tax in april and cool summer weather made japanese consumers spend less. they say that caused gross domestic product for the july to september period to grow more slowly than they expected. analysts from ten private search firms estimate gdp rose between 0.2 and 0.7% in real terms. that translates to annualized growth rate of between 1 and 2.8%. gdp shrank at 1.7% in the april to june quarter. consumer spending accounts for 60% of gdp in japan. prime minister shinzo abe has to decide whether to raise the consumption tax again next year from 8% to 10%. he says he will make his decision after looking at economic data like gdp. finance ministry officials will release preliminary figures on

it is a three-day holiday weekend for japan. we are expecting clouds and rain going all the way into monday. we hope you have a good day wherever you are. here's your extended outlook. >>> that's "newsline" for this hour. i'm gene otani in tokyo. xxx >> good evening from los angeles. tonight was the most expensive midterm election in the his e history of this country. nearly $4 billion and counting with president of public sit zep about the long overdue need for campaign finance reform who actually led the charge for a constitutional amendment to get unrestricted money out of politics, an amendment just last month was backed by the majority of senators, however, that was still two-thirds short of needing to pass. >>> the latest movie, kill the messenger,but e put the spotlight on the media. the details by gary web back in 1995 which laid out a connection between the cia contra in nicaragua and the explosion of crack cocaine in our inner

japan controls the senkaku islands.he japanese government maintains the islands are part of japan's territory. china and taiwan claims them. the report also talks about rapid developments china's military is making in space. they've been testing missiles that can travel more than five times the speed of sound. the committee warns all u.s. military satellites could be under threat from chinese forces in five to ten years. china's nuclear force would also be more of a threat. professor robert sutter is with george washington university. he says china's behavior over the past years undermines u.s. interests in asia. >> we want to get along with china and we hope that they will be collaborative with us as we go forward. but we have to keep our powder dry. we have to be prudent. >> sutter said the u.s. needs a stronger alliance with japan and south korea to counter chinese activity. >>> the last british governor of hong kong has advised student protesters to clear the streets. chris patton has been a strong supporter of the

japan has imported u.s. oil for the first time in four years. the country looks to cut dependence on the middle east. it took delivery of 300,000 barrels last month. american policymakers are under onssures to lift up ban crude as new supplies from fracking increase global supply. some of the stories making news this morning, japan's prime minister will be making another pitch to voters to participate in an online debate today. the event will be streamed live on seven sites including twitter japan and yahoo! candidates will be looking to address young voters ahead of the december election. china cut rates and pressure is now sitting on the central bank governor to act next week, with inflation at a three-year low. the finance minister is calling for a cut. another factor, growth is expected to slow further when gdp comes out today. economists surveyed by bloomberg expected them to ignore the clamor. among listed hedge funds, none is larger than man group, managing about $72 billion. in china the stock market

a rain system now heading toward japan. lots of cloud cover, some rain also expected as we go throughout the next day into saturday, for japan, ahead of it some warmer temperatures. highs topping off at around 20 degrees in tokyo with a lot of cloud cover and some showers possible. back towards the west, and shanghai and also chongqing we're also expecting some rainfall as we go into saturday. now, a lot of rainfall talking about the region toward the western side of europe. you can see a lot of cloud cover moving onto the iberian peninsula, and also into the northwestern corner of africa. we are talking about this rainfall, also into casablanca during the past several days. more rainfall expected with this system. and some areas may also see some very strong winds, and gusty conditions. so looking out for the possibility of some severe weather, maybe even seeing an isolated tornado, and also some hail. we have another disturbance over the mediterranean sea so the coastline for france, spain, and also into italy will be get

abe described the meeting as a big step forward for japan/china relations. >> translator: japan and china have a responsibility for the peace and stability of the region and the world. we were able to send out a strong message to the world that we will enhance our cooperation in the spirit of a mutually beneficial strategic relationship. >> the pair spent about half an hour together. the summit was the first between leaders of japan and china in 2 1/2 years. abe said he had frank talks with xi and agreed to work on their relationship. >> translator: various issues arise between countries that share borders. it's often the case all over the world. that's one reason why neighbors should maintain dialogue. i believe we can find ways to resolve any kind of challenges through frank discussions between leaders. >> ties soured in september 2012 when japan nationalized the senkaku islands in the east china sea. japan owns the islands china and taiwan claims them. japan claims they're an inherent part of history and international law. it says no issue of sovereignty exists to be resolved. the lead

amid frosty relations with japan and china, the chairman of the japan business federation met with the vice chair in september. he said both need to continue to improve business ties. >> it's a lot of difference in noise. the business sector look at much longer term to see the future. i do believe looking at future, we can solve that problem. at least maybe we cannot 100% solve the problem but be not so bad like today. because we are neighbor. because we really need each other. we rely on each other. should have very good relationship, much better than now. >> he believes business can improve the bilateral relationship. people around the world are watching to see if china can transform itself from mass production manufacturing to innovation. nhk world. >> okay. that is going to wrap it up for biz tonight. i'll leave you with the markets. >>> radical extremists calling themselves islamic state have taken over large parts of syria and iraq. nhk has obtained exclusive footage of raqqa which is designated self-proclaimed area of syria. >> they continue to expand the area they control in sy

it is increasing animal spirits in japan. japan wants to compete. japan can compete.licies are being put into place. >> we appreciate your perspective. those latest gdp numbers, third quarter, they are disappointing some people from what analysts were expecting of a 0.4% drop. let's check in with japan. the nikkei 225 dropping three quarters of 1%. 4/10 ofar-yen dropping, 1%. let's get straight to the other markets. in australia right now, the asx 200 dropping 2/10 of 1%. global dividends get set to hit record $1.4 trillion next year. let's take a look. jim correia, the cost be -- kospi just down. woncoriander -- korean weakening. back to hong kong we go. and a couple of hours from now, the gates to the mainland chinese stock market will swing open. thed in places watching action from the credit suisse david inglis is watching the action from the credit suisse trading floor. >> we are about one hour and 20 minutes until that open in hong kong. what we do know is both exchanges conducted their final tests that were successful. the hong kong exchange basically said, we

japan controls the senkaku islands. the japanese government maintains they are part of japan's territory and china and taiwan also claim them. >>> officials gathered to discuss environmental issues. they held the talks in beijing where water and air pollution are big problems. some 150 experts and government officials took part in the forum. a senior chinese official says a better environment means a better economy. >> translator: improving the environment will lead to new investment into the country. >> reporter: japan's ambassador to china expressed willingness to use the country's technologies and experiences. >> translator: i believe the achievements of japanese companies will help china conquer environmental problems. >> reporter: an official from southwestern japan explained how his city overcame serious air pollution. and a south korean expert stressed the need for cross border efforts showing at site photos of atmospheric movements. a u.n. resolution denounces human level rights abuses. japanese delegates co-spo

i want to direct focus to japan. this is main weather features. we have a high pressure located over in the peninsula, low pressure in japan. this allows the high pressure to rush into the low and create windy conditions. 126 kilometers per hour gusts expected as we go to friday with waves aalong the western side of japan up to 7 meters. in the process, snow expected. 20 to 40 centimeters up in the higher elevations and mountains. meanwhile, staying dry in china. we have a system disturbance down toward the philippines that's bringing enhancing the rainy season. it's going to be a bit wet for the country as we go throughout friday. look at this. 31 degrees thunderstorms in manila. 34 bangkok. colder with the high driving in northerly winds 12 in beijing, 10 seoul. tokyo high of 16 degrees with partly cloudy skies. hope you have a good day wherever you are. here's your extended outlook. >>> that's "newsline" for this hour. i'm gene otani in tokyo. gg99Ññç >> the doctor who conducted sterilization procedures that left 14 women dead in india is now

delegates from japan and the eu introduced the resolution. it says people in north korea are carrying out serious human rights violations that may constitute crimes against humanity. and it says these actions reflect policies put in place by leaders. the resolution urges the security council to refer the issue to the international criminal court. it says the court should punish those who are responsible. >> despite the continued calls of the general assembly and human rights council in the last ten years, the grave human rights situation in the dprk remains the same. >> officials from pyongyang rejected the document and pledged to press on with their nuclear program. >> the outrageous and unreasonable human rights campaign staged by the united states and its followers in the attempts -- in their attempts to eliminate the state and social system of the dprk is compelling us not to refrain any further from conducting nuclear tests. >> 111 committee members voted in favor of the resolution. delegates from china, russia, and 17 other countries, v

. >>> voters in japan have a date to mark on their calendars. abe dissolved the lower house of the diet and set a general election for december 14th. abe has been in office since december 2012. he says he's seeking public support for his economic policies known as abenomics. [ speaking foreign language ] >> reporter: the speaker of the chamber declared the dissolution. the campaign starts on december 2nd and people will cast their ballots 12 days later. prime minister abe is framing the vote as a choice between abenomics and other alternatives. >> translator: through the election campaign, i would like to ask the people whether our economic policies are right or wrong. i'd like to ask the public whether there are any other options. >> reporter: abe says his government has increased employment, income and corporate profits. he said his economic policies rectified excessive appreciate of the yen and put an end to hallowing out of industries and revitalized smaller businesses. he said abenomics isn't complete until people in rural areas can feel th

. >> the bank of japan stands by its huge package. the central bank will stick with qe until inflation is on target. >>> a vote to approve the controversial keystone pine line falls shoet in the u.s. senate, but supporters are hopeful the project will eventually get the green light. >> it's been on my agenda and it's staying on my agenda and i'm going to do everything i can to help america to become energy independent. >>> gearing up of a showdown, the french lower house approves the 2015 budget. coming up, we ask the european vice president if paris will face any punishment. >>> no comment from pbnp paribas on reports that executives have been targeted in an insider trading probe. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> and it continues to be the big story of the day. the bank of japan says a continued economic recovery is on track despite surprise data earlier this week that shows the country slipping into recession. the central bank kept its economic view unchanged a

japan has a gargantuan debt load.e good news is the bond market doesn't seem to be freaking out at the moment about pushing out the tax hike. that probably gives abe a little bit more cover. if he does well in the snap election, has public support, that would help. >> does he need to regain momentum in the next year? >> i think he has to do something. he has to put some points on the board. since abenomics was launched two years ago, we have been waiting forthe heavy lift regulatory moves that would set japan back on a long-term growth path. you're talking about a tax reform. busting open the greco cultural and health care sectors. -- agricultural and health-care sectors. a lot.sk ks french nuclear company has continueed to favorable marketable conditions. airline hide is here to explain the reasons why. they had a few major issues to deal with. august.have back in four months ago is when they slash the outlook for 2014. now we hear they are not driving up revenue -- those had been the targets. this dates back to 2011

he's from western japan. for many years he has worked on projects aimed at stimulaing hagi tourism. >> the information you provide to first-time visitors is important. >> hagi was destroyed and preserved. the old district of hagi city still keeps its historical appearance, which dates back to the 17th century. they present the entire town and that attract more visitors. now they are applying their know-how to revitalize tourism. >> did you make this? >> yes. it's handmade. >> the group is planning to create a tour that enables the visitors to interact with locals. he is determined that the tour focus on the city's history. so he might feature this 17th century church near the the statue of the blessed virgin mary, there is a space for muslims to pray. in many parts of the city, there is evidence of peaceful existence between christians and muslims. >> this is an ancient cultural heritage that people keep alive. it's important to emphasize that. >> they hosted a tourism training center in hagi city. 25-year-ol

japan railways has sent engineers to the site. weather agency officials are warning aftershocks will continue for about a week. they also point to a risk of mudslides if it rains as the ground has been loosened by the seismic shaking. officials at japan's defense ministry have chosen u.s.-made aircraft to be the country's first large-scale reconnaissance drones. they want to better monitor the military activities of neighboring countries. the ministry plans to deploy three global hawks. the drone has a wing span of about 40 meters. it can monitor the ground from an altitude of 22,000 meters with an advanced infrared sensor. the drone also has a mechanism to avoid collisions with other aircraft. defense officials plan to start introducing the global hawk in fiscal 2019. they'll request funds to purchase the drone next miss cal year's draft budget. they're considering deploying the aircraft at the air self-defense force misawa base. the ministry has also decided to buy four u.s.-made e-2d early warning aircraft. the plane's radar ha

japan will ask the u.n. and other agencies to transport the aid from ghana to the other countries out of safety concerns. this will be the first time for personnel to be dispatched to west africa on a mission to support the fight against ebola. >>> britain's prince william will visit japan and china next year. this will be his first trip to both nations. he'll be traveling without the duchess of cambridge, who is expecting their second child. kensington palace officials say he spend about three days in japan. the visit is being arranged for february 27th through march 1th. the prince will appear at events in tokyo and other cities. he'll also attend functions that support his own personal interests in combatting illegal wildlife trade. queen elizabeth and prince philip visited in 1975 and diana in 1986 and then with the duchess of cornwall in 2008. prince william will head to china after his stay in japan. in shanghai, he'll open events in business and tourism. he'll also visit beijing. >>> country club owne

japan will ask the u.n.er agencies to transport the aid from ghana to the affected countries out of safety concerns. this will be the first time for self-defense force personnel to be dispatched to west africa on a mission to support the fight against ebola. >>> government officials and the operator of the fukushima daiichi nuclear power plant say cleaning up the heavily contaminated reactor buildings will be much harder than they had previously believed. they say additional decontamination work will be necessary before beginning their decommissioning process. workers have been scrapping off flooring material in the number 3 reactor building to remove r5id yavth substances. tokyo electric power company had expected the work to lower the radiation level to one millisievert per hour but the operator now estimates radiation would still range between 10 and 60 millisieverts per hour in some levels. the government and tepco decided to introduce more measures to reduce exposure. they include laying down steel shee

and japan play a central role, and a japanese serves as its president. through the aiib, china appears to be trying to exert greater influence in asia. >> translator: china is trying hard to propose and realize beijing-led frameworks for the international economy and finance. i believe that aiib is one of the elements in the bigger picture. >> leaders of asia's developing nations are hoping to see rapid changes in infrastructure, and many are pinning their hopes on the beijing-led investment bank. the leaders of some countries remain wary of china's strong influence in the region. nhk world reports. >> reporter: this bridge was completed this month in phnom penh, the capital of cambodia. it's called the china bridge. it was built with assistance from the chinese government. four years ago, china overtook japan as cambodia's biggest source of aid. >> translator: i like to thank the chinese and cambodian governments for building this bridge. >> reporter: many asian countries have high hopes for the aiib because china approaches infrastructure support diffe

kuroda in japan. incredibly forceful and he has this ambitious to mess with policy reform and secondly his foreign policy is a much more normal japan, you might fall at the first -- call it the first post-world war ii japan. >> amnesty is a parliamentary system, but he has the support of the people, i believe. why does he need to vote come december? >> it is a good question. i think they were surprised by the result of this most recent quarter. 9% down is a recession by anybody's calculation, so i think they need to go to hope to regain their initial momentum if they are ever going to move beyond monetary policies. >> i think what we are seeing is there's only so much central bankers can do. >> mario draghi is boxed in as well as kuroda. >> correct. at some point, these guys are left out there. >> you have structural reform and fiscal policy. structural reforms seems to be what is missing in japan. fiscal policy is missing in europe. what do they have to do structurally? both are missing. to some exte

the commodore opened up japan in the 1840's. we may not be as familiar as the japanese as with the germans, but we had interactions for at least 100 years on a national level, cultural level. so i think when you take that into consideration of the next chapter, do we not have notions of the japanese or what they are prior to the beginning of the war? >> let's go to lucas. i was replying to him. then over to chris. >> there are notions, but it is not like the groundwork we have from world war i. world war i, you have what the germans are doing in belgium. people referring to them as the homs. dehumanizing the germans. we are familiar with their culture, especially on the west where there are a lot of japanese-americans. you do not have a groundwork as establishing them as someone as a subhuman. >> ok. chris? >> with i do see us establishing them as though it is, commodore perry said when he rolled into japan, he did not open up trade really. until theyed them capitulated and said ok we will trade with you. the first interaction w

he said policymakers want to ensure japan doesn't slip back into deflation. they're worried the decline in personal spending following the consumption tax hike could cause that to happen. kuroda said the bank will do everything necessary to achieve its goal of 2% inflation. >> translator: in order to overcome the chronic disease of deflation, a patient needs to take the full course of medicine. half-measures will only make the condition worse in the long run. >> kuroda said wages have gone up about 1% from last year. so the basic trend is that both wages and prices are rising. >>> let's get a check of the markets now. investors are encouraged by recent earnings reports from european companies. the region's major benchmarks are rebounding from two days of losses. we're seeing solid gains of 1% for london and frankfurt. london is up 0.9%. marks & spencer raised its margin outlook. in asia, many markets had a pretty lackluster day. china's shanghai composite suffered profit taking, retreating from its highest level in nearly two years the previous day. the nikke

whether or not japan can reform its pension system will be seen as an indicator of whether japan can revive its economy. we must make sure citizens in the future can receive pension payouts. that's what the gpif must put its focus on. >> that's all now for business news. i'll leave you with a check on markets. >>> a koala that attracted leader will soon go to the zoo in tokyo. she was hugged by u.s. president barack obama, vladimir putin and other leaders at the summit in australia. her charm gave the leaders a moment of relief during their stringent debate. the name means "friendship." officials in queensland planned to present the koala to commemorate its anniversary. they are looking to forward to receiving the koala in january. >>> scientists are finally getting result. comet 67-p consists of ice in a layer of dust. it was launched by the european space agency ten years ago onboard an unmanned spacecraft. it was only able to collect a certain amount of data before the batteries ran out. scientists say the comet's surface is made up of ice 10 to 20 centimeters thick. the scientist

japan is technically in a recession.s this mean that the planned attack site for next year is now dead? hike for next year is now dead? >> yes. it would be economic suicide to go forward. as john was saying, this happened in 1997, the last time japan raised consumption taxes. japan ended up having to reverse that decision and cut taxes a new. it is happening again. we are being reminded today that the economy is just not strong or stable enough to withstand higher taxes. going forward with the tax increase next year would give consumers less incentive to spend money over time. it would make them more uncertain about the economy and would give companies less confidence in investing and paying workers more. in many ways, it would be very counterproductive. evil reason for raising taxes the way that japan is is to maintain its debt levels. it has high debt levels and it is trying to pay those down. in many ways, this is another example of policymakers shooting themselves in the foot. having reports of a possible snap electi

let's move over to eastern asia now and talk about japan. really, the big thing here, it's a phrase called cold surge where you get the siberian high and it starts to drift down here to the south. it is the cold air surging to the south and parts of the southern japanese islands, 5 meter high waves and winds over 100 kilometers an hour and still have the rain showers in taiwan and the philippines and showers into southeast asia around malaysia and indonesia. that's a look at your world weather. i'll leave you now with your extended forecast. >>> one of japan's leading film stars has died. -- was 83. takakura was a major figure in japanese cinema for decade. it he gained popularity as an actor in the 1960s. "design talk" received a number of awards for films. he starred in hollywood products such as the yakuza and black rain. talk died monday last week. >>> and that's all for now on this edition of "newsline." i'm yuko aotani in tokyo. thank you very much for joining us. . >>> good evening from los angeles. i'm tavis smiley. tonight a convers

>> he should turn japan around and save japan. he's ruining japan. >> aging pets, fewerring kids.t the companies learning new tricks in old dogs. hello. you're watching asia biz forecast. i'm yuko fukushima. leaders in the region have been working on ways to integrate the economy. the latest idea proved at an apec summit meeting in beijing is the most ambitious

abe, prime minister of japan, he did visit the shrine in 2013. this year he offered to the shrine. this stokes tensions with china, seeing as china sees the crime, the abe curie shrine as honouring war criminals. >> the chinese authority rarely sends the vessels to the east china sea. that has been widely recognised as part of the similar provocations that the chinese have done over the philippines, and vietnam and so on and so forth. >> let me afghanistan you... >> the handshaking opportunity between china and channan is important for br japan for the tensions to be provided. (both talking at once). >> who is the nationalist leader? who did you say the nationalist leader was? >> shinzo abe. he continues to visit the yaszer kuehny shrine, and stays on his own... >> no, he has not visited the shrine over the last year. >> not, but he sent offers to the shrine for japan. >> let me just speak. let me just speak. shinzo abe and japan has been doing nothing provoking to the chinese interest in terms of territorial issues. and it's been very much good

the first paragraph, middle, the japan --omic with conflict with japan was inseparable from fundamental development, westward expansion and racial. we have interacted in the pacific since the 1800s. commodore perry opened up japan in the 1840's. we may not be as familiar with the japanese as with the germans, but we had interactions for at least 100 years on a national level, cultural level. right? so i think when you take that into consideration of the next others, do weand not have notions of the japanese or what they are prior to the beginning of the war? >> sorry. >> let's go to lucas. because i was kind of replying to him. sir, butwere notions, not the groundwork we have from world war i. world war i, you have what the germans are doing in belgium. which leads to people referring to them as the huns. you already have that groundwork of dehumanizing the germans. meanwhile, with the japanese -- we are familiar with their culture, especially on the west where there are a lot of japanese-americans. but you do not have a groundwork as someone as subhuman -- >> ok. chris? -- what i do se

the shrine in tokyo honors japan's war dead. those remembered include leaders convicted of war crimes after world war ii. prime minister abe will fly on sunday to join other world leaders at the apec meeting in beijing. japanese officials say they have been engaged in quiet negotiations with their chinese counterparts on how to improve bilateral ties. they released the document that lays out their four-point agreement. it says that both governments have affirmed they will uphold principles and spirit of four bilateral documents. they include the joint communique signed in 1972 when japan and china normalized their ties. the first point says the two sides have agreed to continue to develop a mutually beneficial strategic relationship. the second point states they share recognition to some extent that they should overcome political obstacles affecting their relations in the spirit of facing history squarely and looking to the future. the third point notes japan and china acknowledge they have different views on tensions in the eas

it is all about japan. >> it is all about japan. just under 3%lied , all predicated on the fact would comed -- abe to the country. you are looking at a substantial reversal. it's not just the headline number within japanese gdp, but it is also about capital expenditure. it is also about the stocking. that is what rip the heart out of the overall gdp numbers. about destocking. 19 sessions of gains on the topix. you get to see what happens behind the scenes in terms of having to choose the currency. i cannot find my ruble. that is what i was looking for. this is live tv. 47 point 38 is where we are. the ruble is continuing to fall. 38 is where we are. to talk about 1998. they are going to talk about the last time russia defaulted. catastrophe that ensued because of the decline of oil prices, those are the words of the leader of russia, not mine. with an comes out contrarian view. they raised the equity market to overweight from underweight. retail sales will be out next week. the bank of england minutes will be out next week. we like

let's get back to -- >> sure, let's go back to japan. stuart: japan.t's my theory. >> i think you're right. japan's just killing itself. i mean, it is following slavishly all the left-wing policies of stimulus spending, printing quantitative easing, devaluation of the currency, regulations. it is just incredible. and you see the results. i mean, they have been so underperforming. they started all of this in 1990. i wrote a paper back then called japan: the land of the setting sun. and they have been declining ever since. and all they do is when the results come in wrong, stuart, all they do is doubling down and do more. and that's exactly what they're doing with this consumption tax and trying to weaken their own currency. it's cats if you can. stuart: on the one hand, they're printing a ton of money, on the other hand they're raising sales taxes quite dramatic dramatically. and as charles pointed out, you print a lot of money, that's good for the elites. the money goes basically into their pockets, but it's very bad, when you raise taxes, it's very ba

than china it needs japan.orerhaps japan needs because of the minister and the people saying the relations would not improve. fan -- japan as look at growth opportunities and look at alibaba. become the richest first and in japan. and get grow the market a consumer base. >> how concerned were you about the rise of anti-japanese sentiment in china? is.aw this with his this businesses. >> it is not good for china because they need capital and if you read the press, there was a backroom chattering before the handshake happened. much they wanted to work together. >> i would look at the foreign exchange market and it looks like the dollar-yen. how long would china tolerate that? and thes strong japanese are feeding into the japan numbers. they are having a week japanese they should be the beneficiary. >> you are bullish on japan and we have seen a move with the trade that is back on. how high can they go this year in the remaining months? >> we should never ignore the floor and we did not get a full correction. ther

that next japan.ny lessons we can take? >> this is the unfortunate thing about the timing of japan falling behind on reforms. i would have liked to have been able to say combining fiscal and monetary, it is all good. i still think that is the right interpretation but there will be plenty of people who say see, this did not work. it is important to remember that -- this is part of the reason i'm in favor of not postponing the tax cut in japan -- things are better in japan than most of europe. the unemployment rate is a fraction of that in most of europe. the average growth rate is as good or better as most of europe. real wages are climbing slightly but not down 30% like southern europe. so sure the europeans are not worse off than japan, at least southern europe. >> adam posen, president of the peterson institute for international economics and mpc number stays with us. we will talk about the germans and the ecb, next. ♪ time for today's new energy headlines. toyota has named it fuel cell car mirai. i

things like weakness in japan. all those are going to dominate the news here over the next couple months until we get to the fourth quarter earnings reporting season. now, there are some positives here in the fourth quarter. fourth quarters generally pretty good. fourth quarter during midterm election, which we just had here in the u.s. last week, those are positive 88% of the time. and so i think there are still a lot of positives between now and the end of the year. the first couple weeks in january could be tough, which is if you go back to the beginning of 2014 where we have a difficult start to 2014. >> thank you very much for joining us. investment strategist at lpl financial. >>> now is whale watching time in big name investors to unveil the big stocks e they have been buying. and directv, viacom, visa and mastercard were the most popular in the nird quarter. john pollson reports a drop in gold prices. checking shares of the stocks we mentioned, let's have a look at those now. significant moves on some of th

let's keep the focus on japan. the bank of japan voted in favor of keeping its record stimulus measures in place and support for governor kuroda and his monetary policy is increasing. let's get out to bloomberg's asia managing editor. the bank of japan board seemingly willing to get behind corona this time around -- kuroda this time around. anything to do with that recession? >> i think the recession might have had something to do with it. it is hard to defend fiscal austerity. this was a big development today in tokyo. in a of good news for abe week that was full of bad news. the economy went into recession. very dramatic the and politically risky step of calling a snap election. credibility has been taking some hits. >> brian, going forward, how does this play out? we know a lot about the federal reserve and the ecb. we don't know much about policy makers on the bank of japan. does kuroda lead the pack? >> i think so. i think there is an awareness within the bank of japan that they need to get in sync with what t

between beingay japan and not being japan. not entirely japan, they have been much quicker to react to the situation. >> you think the ecb has a firm handle on the situation? >> i would not go that far. battle demographics. >> this is something we have been seeking -- speaking -- thinking of the better part of the last three years. >> we are in a bit of stagnation. not quite as bad as japan, but we are clearly in error. our colleague zero bloomberg -- our colleague zero bloomberg are still so constrained. they need to do much more on the side.ural it is obstacle after obstacle. i think he is doing his bit. you will not solve these aoblems unless you manage policy. you need structural reform, no doubt about that. bigger problem in the eurozone. wars.attle of currency clearly, japan at the moment. slacks. is picking up the in a way that is the strongest measured economy in the world. >> what is the endgame here? approaching 70% of gdp. let's talk about risk. what is the risk of what the japanese -- the bank of japan is doing rig