telecoms, kddi, docomo, all of them falling today.as prime minister shinzo of a, we will try you more about that in a moment -- looking to to theg changes industry. that is the spooking investors. watched that in japan and we will keep an eye on what is happening in china. stay with us for more on that development. angie: why don't we do it right now? a deeper dive in japan's wireless carriers. they are the leading laggards on nikkei 225 today. ntt docomo, leading the decline today. yvonne man is here with how these companies are really reacting to a new edict from shinzo abe. what is it? yvonne: he says they need to reduce the cost of mobile phone bills in japan. and a big burden for a lot of households. right now, an individual smartphone plan might cost you 80-80 three dollars. similar to what you might see in the u.s., but quite big when compared to other parts of asia. that has sparked a lot of talk about lowering prices among japanese carriers. kddi, the number two preventer, announcing they were announcing fixed rates, but we h

kddi powering ahead. watch that stock. as well as the operator of the 7/11 supermarket, the convenience store chain in japan. trading margely lower at the moment. -- marginally lower at the moment. a big mover yesterday to the upside. s.a.p. ake an offer for miller. it is falling. down 50% in the hang seng session. let's look at it over two days. yesterday the stock was up about 4%. quite a drop here. it has lost about $12. yesterday was a big run-up in he stocks. now there may be some shares unloaded as a result of that. we'll watch this stock as one of he key movers. rish: getting a reaction from other central banks and governments this morning. the r.b.a. certainly making itself heard. >> hi, there, rish. let's start down under. glen stephens says australia's economy is not growing fast enough but appears to be coping with a drop in mining investment. a decline of the aussie dollar boosts competitiveness of business and tourism. he doesn't see it to be a serious problem. stephens says he is content with interest rates s

and kddi was down 8.5%. on the flip say, defensive sectors like utilities were higher leading gains were kansai electric power climbing 1.5% and chubu electric up 1.4%. and kawasaki kisen rose. the big unknown is how markets will react to the u.s. fed policy meeting after the economy has benefitted from almost a decade of near zero interest rates. that's the wild card everyone is watching. >>> moving on to other markets in the asia-pacific region. in china the shanghai composite sank 2.67 closing at 3114. that's the sharpiest one day fall in three weeks. investors shrugged off the government's plan to revamp the state-run companies. investors in hong kong cheered beijing's reform plan. it rebounded 0.3 brs. kospi slid half a percent. malaysia up by 2.25% after the government announced its stimulus package. sidney rote half of a percent. here's a look at some of the other business stories we're following. >>> the number of new condominium put on sale in tokyo rose almost 24%. analysts say demand is expected t

kddi pharmaceuticals was up. it seems likely that most investors will hold off placing new orders. they'll be waiting for the u.s. fed policy meeting that takes place next week. easing the markets for now, but to get a clearer sense of direction, we have to wait until next week. aika nanao. >> thanks. >>> moving to others in the asia pacific region. the shanghai composite added 2.3% to hit its highest close in nearly three weeks. following weak trade data investors speculated the government may use further stimulus to support the slowing economy. other markets in the region were lifted by the rally in tokyo and shanghai. taiwan surged nearly 3.6% to close at the highest level in over three weeks. traders bought shares of apple suppliers on speculation over a new iphone launch. seoul's kospi rose 3%. and malaysia gained by 1%. >>> executives at toyota motor have unveiled their newest hybrid the prius. it's 10% more fuel efficient. the prius appeared on tuesday in las vegas. it's six centimeters longer and one and a half centimeters wider than the previous car. but it's two centimete