travelers with jtb arriving at tokyo's haneda airport will send luggage directly to their hotel. yamata holdings will work it on the cloud syststem. machines t to be f fitted at 27 hotels. inquiries will be conveyed to hotel staff in japanese. the companies aim to launch the service this fiscal year. >>> checking the markets. speculation of a u.s. rate hike led to a stronger dollar and with it a rise in the nikkei average.e. giang nguyen reports. >> hawkish comments on tuesday sent the dollar higher which fueled investor sentiment here. let's look at the closing levels in tokyo. the nikkei gained nearly 1% ending at 16,887. the broader topix also rose 1.3%. the nikkei 225 reached a more than two-week high and locked a second monthly gain. the dollar jumped to a one-month high against the yen. the greenback alsoo got a boost from data showing u.s. consumem confididence at a one-year high. the gain in the dollar was especially helpful for shares of exporters. mazda motor added 4.8%. minebea and taiyo yuden jumped 11% and 5% respectively. mi the move comes amid a cooling market and

curve, it'sthe jtb been a hot potato.uestion i would ask on credit, is sovereign debt going to drive credit, and at the moment, is demand going to come off in any way, shape, or form? we have tens auctions yesterday. demand was real strong all over again. will that go away anytime soon, and the sovereign drive credit in that regard? >> in traditional cycles, you typically don't have a situation where sovereign markets drive credit. in general, if you look at credit performance over time, in general when rates rise, they rise for a reason. they typically rise because you have a stronger economy. credit usually performs well in an increasing rate environment. we at goldman sachs think things are different this time, because of the impact that central-bank policy has had on markets. that is likely to end poorly. no one knows how it will end. this is unprecedented accommodation. if you look at the bank of it may past, they say, be counterproductive to have negative rates in our economy. in the event that they move to away fro