in eastern japan. my question is given the dangers of an enemy attack are the self-defense force in the us military planning on working together on how to provide large-scale humanitarian help in the future if needed and is planning going to include working with the civilian authorities for the disaster relief in japan? >> translator: i think more than ten years ago we passed the contingency law and in it there is a lot requiring reflection of the citizens. at the time of the contingency how to protect life of the citizens. even at the municipal level were being prepared when the missile was launched actually evacuation exercises were conducted in. [inaudible] of course, us forces in japan will act together, whether us and we need to consider the possibility of receiving support from us forces and at the time of operation it was effective support was provided by the us forces. we would like to continue conducting exercise based on the plan. at the time of the earthquake i was one of the people affected

so japan has a role to play. among all the countries in the world, when the countries that talk, we have self-defense. , by preventing ourselves from preventing the other side from launching the attack again, i think japan is a country which does not have that capability. of course that doesn't mean we engage in war. but when the second attack is carried out by the enemy, we do have the capability of self-defense. to keep our enemy from doing so. i think that is constitutional and our interpretation of the constitution. and what we have to do at the government, and we made a proposal to the prime minister about this and the prime minister accepted that proposal. the collaboration between japan and the united states, i think we do need to enhance opportunities. mr. nakatani: we wonder what would happen. however, after the president trump became president, the first summit that he had that was with prime minister abe, playing golf, they established a very friendly relationship of trust, based on trust. secretary ma

and japan. we should further enhance our cooperation between these countries and to deal with this threat. what's most important is the efforts in the area of diplomacy. thank you. [applause] nagashima: good morning. i am delighted to be here to speak about the japanese security strategy with the trump administration. i became independent two weeks ago. i've been fully enjoying the freedom of speech. [laughter] since c-span's broadcasting this event. let me make my presentation in english. for the sake of american viewers my presentation is a brief presentation today of trying to focus on three issues. first alleged talk about the trump administration's foreign policy. next i will give you my quick strategic -- of the pacific region. finally i present some proposals to strengthen the u.s. japan alliance to deal with those dynamics in the region. during the presidential campaign , an initial phase since the inauguration, there are a wide spectrum of concerns shared among japanese members about tr

to a sicko from the democratic party of japan november of the of number of japan. is deeply knowledgeable about the strategy and served as the special adviser national security advisor to the prime minister and the state minister for defense purposes so each guest relative gave brief opening statement. i think what he will speak about his recent experiences and where we are on the defense side negative. ended to talked-about blood redo as allied's but but to work with the trump administration. >> we bin the podium is a good idea for the opening statement play is welcome the former minister. [applause] >> speaking speaking japanese [speaking japanese] [speaking japanese] translator: the nuclear test was conducted twice in an february 12th fisher -- this year and for of the missiles were simultaneously aimed at japan. in the fifth missile was launched. budget debate and those that was launched we are investigating and then with north korea but then on the regime and with the united states the the nuclear development so in exchange but there is no chance of making pro

i promised to restore japan to what she use to be. how is japan today? during the past 4 years through our economic policies, it has grown by 9.5%, adding 47 trillion yen, an all-time high. nominal gdp has grown by 9.5%, adding 47 trillion yen, an all-time high. employment, which decreased by 290,000 jobs in the previous administration, despite the decline in population, rose by 1.85 million in four years. what's more, 82% of them, women, unemployment rate is at 2.8%, almost full employment level. number of regular workers increased by 790,000 just in the two years. number of foreign -- and actually, it has gone down to 550,000 before they took over the government. the number of foreigners visiting japan surged, as well. before the start of my administration, it was 8 million in a year. last year, it reached 24 million, a threefold increase. immediately after taking over the government, i introduced visa waiver and relaxation. improvinghead with the duty-free system, or japanese people's hospitality campaign is gaining momentum. we're targeting 40 millio

incsee japan think -- japan on the way to recovery. profits that records, lending also backing -- dancing back. we also see wage inflation happening in japan. it is not soaring, but we have risen more than 1% the past four years. how will this affect the corporate story for japan? are we going to be compressed? jim: no, i do not think so. it chip -- japanese businesses are well managed. the trend globally toward more gdp going to corporate profits comes with the change of the capital structure. and again, the adoption of technology. i do not think that will reverse itself area -- itself. the rise of corporate profits puts the market in a fairly positive way. it is still investable, but not unique to the most attractive market in the world. that remains the united states. the japanese market is ok. think we will have to take that. i want to give you and our viewers a road map of where we have been in terms of inflation. hop into my bloomberg. i am curious what you think about in terms of how this current cpi reading will impact boj poli

we might be seeing japan 2.0? any evidence we could be following in japan's footsteps?ited states is not going to fall into japan's problems. u.s. fundamentals are far stronger than japan. inflation is much stronger, they still have growth. the u.s. consumers have a strong consumption appetite. all of those things are lacking in japan. there is a tremendous difference between the united states and japan. betty: thank you so much, andessor at the university former boj policy number. we have our interactive tv function. you can find it and watch us live, but also see previous interviews like our interview with jim bullard. dive into securities and functions we talked about today and become part of the conversation by sending us instant messages during our shows. this is for bloomberg subscribers only. this is bloomberg. ♪ ♪ ,"tty: this is "daybreak asia i am betty lou in new york. yvonne: i am yvonne man in hong kong. set -- bmw set to halt production as they grapple with us shortage of steering parts. suspended and a facility in munich has also been us -- affected. an un

let's turn to japan. increasingly fragile after the japanese moved to block them further joint venture. angie: but a future without western digital could be a bleak future for toshiba. what is the problem between these two? >> western digital has a joint venture with toshiba. it wants to make sure that joint stakee -- so it wants a to make money to plug those losses. western digital is offering the lowest price of anyone out there. shery: there are other rivals to western digital right? >> one of them is a big rival called broadcom. it is offering more money, but western digital does not want them to acquire, so it is doing everything it can to block the sale. it's like there was a marriage and somebody needs more money in the family household. there is a very clear agenda with western digital, but what with the detriment before let's gof it decides to arbitration and try to fight it out for the top dollar? >> it takes a long time to happen, needs billions of dollars to plug those losses made because of t

well, japan doesn't have...ip is escorting, then the japanese navy will come to the defence of the american navy, and that will be a first. i don't think anybody thinks that is going to happen. if there were an attack onjapan by north korea, then the us and japan will jointly respond under the joint defence treaty. at the moment, japan does not have any offensive weapons. it cannot strike back at north korea if it is attacked. it would have to rely on the united states. but a debate has now started injapan, again pushed by the abe government, as to whetherjapan should also change that, and should acquire offensive military weapons, to allow it to strike back at north korea if it were attacked. rupert wingfield—hayes reporting from japan. and now we move to france. there have been violent scenes on the streets of paris during the traditional may day march. 0ne police officer was seriously hurt. it comes as the fight for the french presidency intensified. both candidates used campaign days to launch attacks on eac

what does this mean for japan, for policy, for the bank of japan?hays here with a look at this. what happened here? kathleen: they just came up short, at least against the forecast. the bloomberg consensus survey number was for a gain of 2.1% in march, a month on month gain, and it came in at 1.1% -- 1.4%. let's see how it looks. the white lined is the core machine orders, from shipping companies and utilities. it did rise, but it should have risen more to help offset the drop of more than 3% in january. the blue line is pretty flat with a bit of a downward tilt year-over-year. core machine orders are getting weaker. i had a conversation with the currency strategist at bb h investor services. here is how he described the report. he said, orders not good but not so bad. the pluses here -- global growth, fiscal steps from the abe administration helping boost orders, but overall, remaining subdued -- but overall capex remaining subdued. i have to share a story over the wires from tokyo. she is pointing out that japan is set for its longest string of ec

japan now saying that it will take concrete actionwith pan's japan's coast.apan now saying that it will take concrete action together with the united states. >>> this is north korea's third missile test in just over on three weeks. david mckenzie, we've heard about south korea and japan and of course beijing could be a player in trying to thwart kim jong-un's desires with his missiles. what might we expect from beijing if this continues, david? >> reporter: certainly what the trump administration hopes is that china will use its economic leverage over north korea to try to slow or stop the progress of the north korean leadership of developing nuclear weapons. we've just got a response to this latest missile test from the chinese government. they are using very standard language on this particular test saying that they oppose any moves by north korea that break u.n. sanctions such as this and that they want all sides to get together and discuss, negotiation to try to ease the tension on the korean peninsula. but with these repeated tests like this, it seems th

japan's three megabanks as well.t for ppi for april and march machine tool orders today. take a look at the bond space, aussie bonds looking bullish after the u.s. economic data on friday. inflation missing estimates, but the fed on track to hike rates next month. on suchtraders betting a move, falling to 70%. given thatency space backdrop ahead of that meeting, hedge funds are set to go short all major g10 currencies. when you look at the aussie dollar currently it is the only net long among g10 forex, but contracts falling as depicted by the line in white. this as the currency suffered for the first time in about a year, so hedge funds may short the aussie to. this perhaps gives the aussie a miss onut if we get a the chinese data, we may see the $.73, sove towards keep an eye out for the data around 10:00 a.m. this morning. watching outl be for that data. sophie kamaruddin there. let's get first word news with paul allen. paul: security experts are saying the weekends attacked will continue claiming victims. the ma

also to watch of course, the lines coming from japan about bank of japan conference, hearing from bend governor kuroda, talking about where this 2% inflation target went. and what sort of monetary and fiscal policy alternatives still remain in the playbook. plenty more to come. ♪ ♪ haidi: i am haidi lun. this is "bloomberg markets: asia." ♪ haidi: the warning lights flashing, moody's cuts china, growth stalling. struggling noble face pressure from a suspended, now reports of a potential savior walking away. president trump's budget proposal would hu

more on japan in the next couple minutes. specialwe are expecting a fiftr of expansion for japan.dollar-yen, 111 against dollar. this is daybreak asia, i am yvonne man in hong kong. betty: i am betty liu in new york. let's stay on the story out of washington. president trump in the midst of his biggest crisis since he entered the white house. markets unsettled by the drama. the doj has appointed a special prosecutor to oversee a legend links to russia. that, as a president deals with the fallout from the alleged memo, that claims he gave classified information to moscow. bloomberg congress editor is tracking all of this. we just had some more comments from the justice department saying the white house was told of robert mueller's appointment after the special order was given. how significant is that development? >> this appointment may go a fairly long way to calm congress -- calm calls in congress for a special independent counsel or commission to investigate the whole russia-trump controversy. the initial reaction from both parties has been almost entirely positive. -- jason cha

north korea's repeated missile tests are alarming its neighbors, including japan. japan sent a naval warship to escort and protect a u.s. supply ship. the move is symbolic. it is the first time japan has involved itself in an operation of this nature since the country moved away from its purely defensive military doctrine last year. it is exactly the kind of proactive behavior washington wants to encourage and its allies, as mike pence has stressed. mr. pence: the president has been very clear. whether it is our allies in europe, south korea, or japan, we expect other countries to do more. reporter: the u.s. is also seeking to widen cooperation with other countries in the region, including the philippines. on sunday, president trump invite it president rodrigo duterte to washington to talk about the threat posed by north korea. host: let's go to washington and our correspondent. what are we looking at here? donald trump now says he would be honored to meet with the leader of north korea. what does that mean? correspondent: we don't know. the problem is, of course,

let's bring in a senior japan economist.ith you. , thew the account balance surplus widened but the trade balance did shrink considerably here. i want to ask you more about those figures. can exports still be the same engine of growth when you see china bmi slow and u.s. car sales? we focus on the seasonally adjusted figures and they show quite a read of drop in the current account surplus. that was mostly due to a lower trade surplus. some of it is certainly due to the volatility around chinese new year but you are probably right that going into the second half of the year we will probably see some slowdown in exports volumes which is been very strong. we will probably get another , q1 gdp butet trade that will probably fade in the second half of the year. betty: how much is that going to hurt the economy? what is your forecast of it seems exports are going to become softer? >> i don't think it will make a major difference. we think the economy will grow quite strongly this year. our forecast is 1.5%. one reason we are rela

of people in japan, but my experience being in japan is that the survivors who speak publicly about their experiences are very open and direct and deeply respectful of those who suffered at the hands of the japanese military. at pearl harbor, in -- across asia with the atrocities and the allied p.o.w.s who were tortured and killed. i don't know if there's that sensibility across the nation. i haven't experienced it, put it that way. i don't -- i can't speak for sure. so it's, you know, we have similarities to some degree. yes? >> is the book being published in japan, and if so, have you had reactions? >> the book is not yet being published in japan. it is just released today. [laughter] so it is being publish ared so -- published so far in the united kingdom and denmark, and being translated into danish. and it's unsure yet whether the book will be published in japan. i'll have to wait and see. those survivors' stories in japan are very well acknowledged every year around the time of the two anniversaries. so a lot of their stories are familiar to the japanese, so that's why i'm not sure.

a look at some of the demographic challenges making it harder for japan to achieve its goals. >> japanworld's senior citizen. birth rates are falling, and people are living longer. japan has a population that is aging and tricking fast. --. shrinking fast. there encouraging japanese people to have more babies and to bring in more workers0. japan's population is forecast to tumble by about one third between now and the middle of the century if current trends continue. over 64-year-olds, one quarter of the population, are expected to reach 38% by 2028. it is causing a shortage of workers and starving the economy of labor. twookyo, there are vacancies for every applicant. prime minister shinzo abe is introducing policies to curb excessive working hours and to create care facilities for children and the elderly. but change has been slow. robotideas include abe's revolution, encouraging automation in everything from factories to medical care. his moves to listen labor rules have had some impact. the've helped to double impact. an aging population bring stier fiscal applications -- brings di

japan usehe bank of some help?ortage there are different industries in the labor market experiencing spreads tond this inflation. >> the headline and a lot of people have been following is negotiations. >> outside of that part of the labor market, you say these other entities are controlled by labor negotiations. negotiation only cover theof labor force and withs are concerned more the job security and it is a segment of the labor market. >> i want to continue the conversation and there are signs there is a long way to the boj target and will it get there? this is our panelists here today. i'm kathleen hays and we will be coming back here. will come back to bloomberg and weion here in japan are taking a look at risks in the asian region. ministry of finance and this question of japan and inflation. rising, but the core number is points 2%. -- is 0.2%. it is going to be so long to get to 2%. it is going to be meaningless. rate at theegative short end and it is time to move on to something else. boj'ss is not the res

japan expecting growth?|j not such a bad thing. japan expecting growth? i think so.ink he will be smiling because it is finally working. —— bank ofjapan. the nikkei injapan and the all ordinaries in australia are both trading law at —— lower, taking their cues from wall street. it was due to a weaker than expected retail sales and a report on consumer prices in the us. of course there are geopolitical issues as well after the missile launch in north korea over the weekend which is unnerving some investors over in japan. that is it for this edition of asia business report. thank you for watching. top stories the sour. —— at this hour. north korea says its successfully tested a new type of missile — it claims the us is now within range. experts have warned of a possible new wave of cyber attacks around the world when people return to work after the weekend. stars of the small screen have gathered in london for the annual bafta television awards. among those honoured wasjoanna lumley, awarded the bafta fellowship in recognition of her work over four decades. 0ur enterta

so can japan let that go?ker yen doesn't translate into wage gains, but a tight labor market driven by domestic conditions, it doesn't matter where the yen is. that's got to be the shift. didn't really get what he wanted, did he? my perception is that nobody really got what they wanted from g7. >> from abe's point of view, he was the first out of the gate when president trump was elected -- >> playing golf down in florida. abe has that route to go down. to japan is very much in favor of tpp, multilateral trading frameworks. in that sense of can japan act as a counterweight to use that bilateral relationship. manus: hold that thought on japan. let's pave it to -- pivot to euro. what the euro area still needs is monetary stimulus to restore stable inflation. that was the view of the ecb president. he told parliament the recovery is solid. downside risks with the growth outlook are further diminishing, and some of the risks we were facing at the end of last year have receded measurably. the fact that domestic con

high school, sis boom bah -- as the mc5 so notably sang. ♪ buschool in japan is different. is still widely taught. boys and girls alike compete with bamboo swords -- sensible stand-ins for actual samurai swords -- but the same thing, man. ♪ kendo is scored by strikes against the wrist, head, torso, or throat. each representing a blow that would be bad news if handling an actual blade. >> masa: ha ha. [ applause ] they're fast, huh? >> anthony: the concept of kaizen -- improvement, central to the study of any martial art, it could be said, also applies to cooking at a high level. ♪ so it's no surprise that young masa once suited up for the same team at the same junior high school. ♪ i don't know if he's trying to psych the kid, but i don't think it's going to work frankly. eh, on the other hand -- >> teacher: [ speaking japanese ] [ applause ] >> anthony: you still got it, man. looking good. >> masa: thank you. ah. whoo. ah. [ speaking japanese ] [ speaking japanese ] >> anthony: awesome, man, fast! an inspiration. >> masa: [ speaking japanese ] >> students: [ speaking japan

the bank of japan has is different, we may see it.end of month data and of course, last week, what a big surprise. five consecutive quarters of expansion. is this good news for the japanese economy? without question. the one kv it would be that the export data was strong. —— a caveat. spending is it still a bit muted. it is good news. it will give japanese policymakers are left. and of course you have the bank of korea also meeting. will they give a monetary policy gift to the new president, briefly? i don't think so just yet. i think they need a few arrows left in their quaverfor when i think they need a few arrows left in their quaver for when they need them. japan is supposedly the place you can buy just them. japan is supposedly the place you can buyjust about anything but there is a new kid on the block. has singapore outdone the home of self—service and shopping with this? it isa self—service and shopping with this? it is a vending machine for superca i’s. it is a vending machine for supercars. we sent the reporter timothy mcdon

economic zone which is within 200 miles of just west of japan, and so in the sea of japan. nothing within japan's actual waters which is the international waters starting 12 miles off of the border. that is what they have done in the past six months, and i think that the most successful one was in december. don't think of success as a binary question, as failure or success. and sometimes they fly farther or sometimes they detonate right after they are launched, but what they have not been able to do is to do the reentry, and that is a big issue on icbm, the intercontinental ballistic missiles which is the big one that people are concerned about and they are pretty far from tha that, but the issue u with the icbm and even though the threat is not imminent, the moment it is imminent, it is too late. that's the challenge that, and the puzzle that they are trying to work through at all levels of government, the white house, the national security council and the pentagon and the state department. the state department is very much involved in all of this. >> well, thank you. plea

the date benchmark in japan.anticipating the next 12 months, a dollar-yen exchange of 105. this is the benchmark against which they are budgeting. if the dollar were to come in at -- 115 onaverage average, it would boost by 10 basis points. it gives me great confidence that earnings revision momentum will drive the nikkei through the 20,000 level. scarlet: that will be the catalyst when the earnings revisions come in or when the companies come out with results? there is a lot of concern over asia-pacific because geopital risk certainly is a big factor. and it's a big uncertainty we all have got to live with. but at the end of the day, it's the fundamental that will drive things. valuations in japan are very attractive. that is the bull market. year ande 10 depreciation equates to an 8% increase in improvement in earnings. >> exactly. let's talk numbers here. the average consensus for the next 12 months is looking for earnings growth on the order of 10%. that is an average exchange rate of08. 118,u comeint 115 or

-- brian: japan? mr. brzezinski: same thing. a relationship with japan on balance is a good one. we have a number of issues with the japanese, but the white house was very right in saying when bush was leaving for japan the singles for us most important bilateral relationship we have with any country in the world. it is true. brian: is it still? mr. brzezinski: not quite. i think one has to parse that and probably say the relationship with china is just as important. but certainly the relationship with japan is one of three or four most important relationships in the world. i would say the relationship with the european union as a whole is the most important of all. after that, china and japan are in terms ofparable importance, though it relationship, it differs in substance. after that, you have a different level with specific european countries. the u.k. has a privileged position, and germany is important now that it is unified and is the leader of the european union. residual he, russia is still im

the relationship between japan expecting from japan and china.ionship betweenjapan and china at the political level is a very sensitive one. there are deep roots to that and i won't dwell on them. but i think this is symbolic of xi jinping moving to calm things down in the neighbourhood. this is a good time forjapan and china to have constructive dialogue on something other than north korea. so, hopefully, you know, it is a positive for the region, and, of course, china being such an important economic engine for the world, hopefully it is a positive for the economy of the region, as well as its politics. let us look at those big technology giants reporting this week. are you more interested in apple or facebook‘s earnings? apple is such an old reliable at this stage in the game that the only thing we can expect is positive surprises, as opposed to those who like to paint doom and gloom for apple. it is a good were cause for investors. facebook is more interesting for me. —— work horse. it gives an indication of what is happening in the world of

joining us now, hiro shirakawa, chief economist, japan, credit suisse.rnoon, injapan! give us your take on these numbers and what you think about how the japanese economy is faring? first of all, it is true that the economy is doing quite well. if you look at the gdp numbers, it is. there are two risks. 0ne gdp numbers, it is. there are two risks. one is the global outlook, the us situation is getting messy. number two, we tend to think that any fiscal stimulus, it cannot be sustained. projects are not necessarily about doing well in stimulating the economy. so we think those are the two risks. despite the fa ct those are the two risks. despite the fact that the economy seems to be heading in the right direction, there still seems to be concerned about the japanese economy. what needs to be done now?|j about the japanese economy. what needs to be done now? i think that the country has done a massive... they have done a monetary easing. we have experienced or implemented a large number of fiscal stimulus packages. still, economists and others. we now shif

not geri. 0ur our top stories: japan has protested —— japan has protested, after a north korean it says pages from around the world. the japan times reports that shinzo abe is now the third—longest—serving japanese leader of the post war era. the prime minister has racked up almost 2000 days in office. but he will need to remain there until november 2019 if he wants to get the number one spot. the front page of la figero includes a picture of the swedish film director ruben 0stlund celebrating his win at the cannes film festival. his art world satire the square won the prestigious palme d'0r. prizes also went to filmmaker lynne ramsay and director sofia coppola. the front page of the south china morning post includes allegations that the wannacry hackers were probably from the region. the paper quotes a us company saying the authors are probably from china, hong kong,taiwan or singapore. two weeks ago the virus infected computers in 150 countries. that brings you up to date with the papers. back to our top story now where government troops in the philippines are battling islamist milita

out of tpp, japan says it can still work.de minister urged unity amongst the 11 remaining tpp members despite president's decision to withdraw. the tpp is the only agreement that has in-depth coverage of things such as digital trade, intellectual property, customs procedures, and so forth. only the tpp covers all these areas. it is highly regrettable that the u.s. decided to withdraw, but even without the u.s., trade remains hugely important here at -- important. david: we also spoke to malaysia's trade minister and asked about policy under president trump. >> we have read quite a bit about his contributions to america in his previous life. we have been following statements by mr. trump in the last few months. first, themerica and the to review nafta decision to pull out of tpp, so those are very important statements made by mr. trump. clarity can you expect when the trump administration reverses policies pretty often? >> in a way, you are right. have a few months, there been some reversal of policies with respect to china. c

off to japan.an's three megabanks forecasting a fourth straight falling combined annual profit, despite an easing in the impact of negative interest rates. what they are still made of appear for more, gareth allan joining us from tokyo. we had the big banking conversation yesterday on japan. it is a lot of the same, right? they are still suffering from negative interest rates. >> that is correct. negative interest-rate policy is still in play. despite the environment, the results were not too bad. they were a fraction down year on year. again andorecasting should be slightly down again next year. individually, mitsubishi and oruho or slightly up, -- slightly down. down onthey had a right their subsidiary the year before. the environment, [indiscernible] he said he sees the fall in interest rates are coming to an end, a view that has been shared by a few analysts, the geopolitical climate. north korea keeps shooting missiles at us, so there is still some uncertainty in the 11. i think banks are figu

japan continuing that rally.o price in the fact that perhaps what we are seeing in washington and calm fory he more equities investors, asx 200 up .3%. let's show you what we are seeing in bonds, across-the-board lower. yields are higher, showing a little bit more risk on this week. crude oil is what you want to watch it we have seen a big jump in wti contracts towards $51 a barrel. it had one of its best weeks of the year so far, up 5.2% up last week, the fact saudi arabia said we will see most countries continuing with opec cuts and that has given a supply boost to the oil contracts. in terms of stocks, the energy all straight up. firstnk has close that round of the planned $100 billion investment fund, up almost 2%. sharp rising on a report over the weekend that it may have net profit of ¥40 billion in fiscal 2017, better than what the market was looking for. start, a pretty positive to equity trading across asia this monday. betty: indeed. looks like a nice start. the u.s. and saudi arabia signed deals with h

how is that story going to be different for milk in japan -- melco in japan? companies will be getting licenses. the whole procedure has yet to be explained by the government in japan. argument is that japan relies so much on chinese tourists, so having a company melcoilk oh -- no coat -- would give them an advantage. japanese feel about this, this opening up of gambling in their city? we know they love slot machines and are big fans of all sorts of addict of games, but how do they feel about this? is a good question. there is not consensus in japan that opening to casino gaming is a good idea. it is a very controversial proposal. prime minister abe pushed it through in december. there is still more legislation that has to be passed that will likely be sometime in the second half of the year. that thata sure thing will be passed. there is a lot of opposition, so we still have to wait and see. much.ce, thank you so bruce einhorn waiting to see what lawrence ho has up his sleeve there with casino gaming in japan. up next, vietnam's prime minister is confident hi

japan saying it believed it landed in the exclusive economic zone, the waters off the coast of japan.we also heard from the chief secretary saying that it is extremely problematic the fact that there are many aircraft and ships in that area and obviously north korea does not give any kind of warning when it does these missile launches. so they say that they are very concerned by that. and now we know there was a national security council meet here, moon jae-in the new liberal president presiding over that. and since he took power just three weeks ago, there has been a missile launch by north korea every single week. the man who took power in south korea saying he wants engagement, he wants dialogue with north korea, obviously finding it very difficult to do that when there are these continual tests. >> paula hancocks, thank you. >>> a new arrest in about connection with the manchester terror attack, the 23-year-old sussex man taken into custody just hours ago. 14 people remain in custody and police now are trying to determine if the bomber had a terror network behind him and if member

in japan, we are hearing from the boj governor.e says the 2% inflation target could be reached around fiscal 2018. in line with his assessment of the outlook of consumer prices in japan that he gave at the last boj meeting. let's get the bloomberg business flash. nejra: the chief executive of

japan and south korea strongly condemning the launch by kim jong un's regime. they're vowing to take concrete action with the united states. listen. >> we can never tolerate korea's provocation. we have launched a fair and protest. as we have agreed north korean issue is -- in order to deter north korea, we'll take concrete actions together with united states. we will maintain high vigilance and coordinations with south korea and international community and take all possible measures to secure the safety of the people of japan. >> let's talk more about this. joining us, paula hancock in seoul south korea and will riply is in tokyo. we'll start with you since we just heard talking about taking concrete actions with united states, what might that look like. >> well, certainly with the united states policy towards north korea has a lot to do with the u.s. policy towards north korea so we have seen, for example, japanese warships training and joint exercises alongside u.s. warships and 0 koigsally, as well. we've seen exercises coordinated with the south koreans. t

we will stay on japan.gress or lack of progress under prime minister shinzo abe, haslinda amin is standing by with a big gas. what has abenomics done for japan? that's right. it has prompted a new wave of japan.t hedge funds in the problem is it is not happening fast enough. let's give perspective. good to have you with us. what is the difficulty here? shinzo of a wants to happen, but it is not happening fast enough. activelye then investing since 2004 in japan, and it is a different culture. the boards of directors are controlled by insiders, so we have to enhance shareholder value in a different way that we're used to in the u.s. in europe where we can push on management and respectful way to get things done. if it becomes contentious, we can go to the board and push for change their, or they agreed with our proposals and implement them to get a higher share prices. those motivators are not really there, so we have to find other ways to do it. same way init the terms of meeting, writing letters, being res

we are watching australia, japan, and korea. a lot to look at monday morning as we kick it off this week. a lot of elections to look out ♪ >> a new era starts now, macron wins the french election and promises to heal divisions. defeat butxcepts says the vote was a success for the far right. muted reaction in the markets, traders had already priced in the result, the euro gives up gains. turn in thekorea's election dominated by scandal. ofthis is the second hour "daybreak asia" coming to you live. it is a little bit like dÉjÀ vu, right? the french elections, preliminaries earlier, and that helped to speed the markets up. we are still seeing positive reaction, but muted. >> that political risks subsiding. not surprising what we are seeing this morning. china trade coming out this morning. let's look at the markets. sophie: little to draw the bears out. take a look at equity markets in asia. the nikkei 225 surging 1.4% after that three day holiday. the yen trading near seven-week lows, 112.71 against the dollar. still looking resil

what is the next move in japan?ere are many who believe monetary policies has reached its limit and now the fiscal authorities have to pick up the baton if you like. i think japan particularly it's relevant. there has to be either an outright fiscal stimulus of some sort or a nature between the authority. >> think you very much, stuart robertson. joining us tonight and monday. trump may become evident as leaders gather in italy to talk, change. we are live on the ground in sicily. this is bloomberg. ♪ manus: saving the worst for last. the president leaves full of discord. opec disappoints. oil producers asked -- extend supply for six months. crude holds its biggest loss, but russia reaffirms its ability to do more. >> these factions can aim to reduce cost. it depends on the market situation. and sterling flips. there is less than two weeks to go until the general election. ♪ >> welcome to "bloomberg daybreak: europe." it is our flagship morning show. from the anna, i'm manus cranny. anna edwards and hurts. let's tal

the japan times, the trans—pacific partnership. this trip off.rtnership. this is the tpp, the trans—pacific partnership. something that trump in his first days of office says has to go. actually, japan and other countries are saying, we want this to continue. an increasingly dominant china. these countries really wa nt dominant china. these countries really want to keep it going but i have to say, these countries must be feeling chilly because they have been put out into the trading cold area. it's very difficult, i think, difficult, ithink, to difficult, i think, to carry it on. it seems they are holding out hope that the united states will one day jump that the united states will one day jump back into the fray. should trump be impeached, maybe, but there is no sign of it. the guardian, fascinating revelations about how facebook polices what people post on the social media site. the guardian has really changed its mastered this morning to reveal these facebook secrets. they claim there are 2 billion users of facebook and they have seen more tha

and japan has a history maker.ecome the first person from his country to win the indianapolis 500. he took the lead with just five laps to go of the 200 to deny the brazilian helio castroneves a record equalling fourth win. sato, who spent seven seasos as a formula one driver before switching, called the win unbelievable. he even kissed the ground. russia has launched its first post—soviet mainline commercial aircraft. it has just completed its major and it has just completed its maiden flight and will be going head—to—head with the boeing 737. russia is keen to reduce in a industrial production as it feels a squeeze on western sanctions industrial production as it feels a squeeze on western sanctions over ukraine. let's go to the philippines, where government troops are battling to retake the southern city of marawi from rebels linked to the so—called islamic state group. while many residents have fled the city, 2000 civilians are believed to be trapped in the city. at least 19 civilians have been killed, the bodi

. >>> people in japan have marked the 70th anniversary of the country's constitution.me minister says he wants to see it revised in the year 2020. shinzo abe outlined his goal in a video address delivered at a gathering in tokyo. looking back on the 1964 tokyo olympics, he said those games gave japan the confidence to achieve rapid growth and become a developed nation. he said 2020 is also significant one for the people of japan because tokyo will once again host the summer games. the prime minister add h