kishida fumio won his first lower house election at the age of 35. former banker, he seemed destined for this moment. both his father and grandfather represented the area. a distant relative even served as prime minister. over time, the political prince made a name for himself. he's likely best known abroad as one of abe's foreign ministers. during his tenure, then-u.s.s. president barack obama visited kishida's hiroshima constituency where they discussed nuclear disarmament efforts. kishida had taken on a new role as the party's policy chief by the time the coronavirus pandemic changed life in japan. he worked on health and economic policy in full support of the abe administration. for kishida, this first presidential campaign marks the culmination of long-held political aspirations. >> the nldp president will be announced next monday afteter t votes are tallied. >>> people in parts of japan and south korea are cleaning up after typhoon haishen battered both countries. the stororm left two people dea and several others missing in southwest japan. do

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

the first was former prime minister, kishida fumio.e recently served as the party's policy chief. >> translator: i will aim to become a leader who listens to the people's voices carefully and earnestly. i want to become a leader who can get the people to work together. >> kishida has long supported abe, but he has not secured an endorsement from the outgoing pm. former ldp sectary general isishiba shigegeru joined the e tuesdaday. >> translator: it is our responsibility to the people to give them an o opportunity t to listen to what each candidate has to say and decide who is the best. that's even if the public does not have a vote in the ldp presidential election. >> chief cabinet secretary suga yoshihide is expected to join the race wednesday. he's already received backing within t the party. the ldp is scaling back its election protocols to ensure a swift change i in power as the country deals with the coronavirus and other pressing issues. all 394 ldp lawmakers will get a votete, along with three officis from each prefecture. to re

ldp policy chief kishida fumio visited the northeastern prefecture of miyagi.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 boycott t of the live action remakef f "mul" bebecause e e film wasarartial fililmein a chinese regionhehere oiciaials haveeeeen accused cracking down oetethnicinoritie the film pmimieredast t we on disney's streami s servi. it fuses on yoyoung inesese woman who

ldp policy chief kishida fumio says he w will promote economic policies prioritizing middle income eararnersnd alsoo pledg to use his expererience as a former foreign minister to put japan's technology and culture at the centerr of the country's diplomacy. ishiba shigegeru is running to party leader for the fourth time. the 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

70% of the votes cast, beating his two opponents, former ldp secretary-general ishiba shigeru and kishidaumio. 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 grew up outside of the

. >> ldp policy chief kishida fumio is framing his candidacy on creating economic policy focused on middleome earners. his platform includes raising the minimum wage and reducing the financial burden of education and housing. >> translator: domestically, i must tackle the issue of economic disparity. i must also point out that globally, social divisions have created problems. >> 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

ldp policy chief and former mininisterisish bah shigeru and kishida fumio both declareded their intentiono run on tuesday. >> translator: i will put everything on the line for the peopople of ththis country. i want to be a leader who can get everyone to work together. >> translator: it is my responsibility to carry out policies based on the will of th people. the liberal democratic party wants to make every effort to accomplish this. >> in this election, all 394 ldp lawmakers will g get a vote. three representatives from each prefecture will also have a say. ldldp party leaders are urging local chapterss to hold preliminary elections to elect representatives who reflect the opinion of its more than 1 million members. of the seven ldp factions, four have decided to back suga, and another is likely to follow suit. several groups of lawmakers who don't belong to any faction are also supporting him. this means that suga has effectively secured the support of more than 2/3 of the party lawmakers. on wednesday, the party is expected to announce it will hold the election on september 14th. >>> j

the other two major contenders are his first foreign minister fumio kishida and his former minister at know shigeru ishiba was shinzo abe's chosen, or rather, the public‘s favourite. who looks set to win or who looks or has looks pretty 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 th

i went to mention that the third wheel is kishida. he also declared his candidacy yesterday. former banker but has very little national profile and he is seen as more dovish than abe. he runs his own faction within the party. only has 47 members. that is the fourth largest. minister whoinance is in abe's inner circle, they have the two largest factions. already, we are seeing those are stacking up in favor of suga. the cars are really stack against the other members, is popularishiba who among the populists but not within the party. he leads the faction with 19 members. really, as i say, i will use a poker analogy, the cards are stacked against ishiba. engle, 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 an