kishida for quite some time to come.tially if approval ratings remain low and the economic challenges don't come about, given all the huge structural challenges, mr. kishida could find himself confronted by rivals even before the next election in 2025. >> we've got about a minute left. do you want to pick on that? i know you said he's got three years but can he turn his government's fortunes around in that time? >> i think a lot of the ball is in the corporate sides. he was talking about changing lifelong employment to meriting oncy which i think is something japan needs and will increase the wage overall. but the question is, can the japanese government, you know, propel the corporations to do that? i mean, in the days of mr. abe, it's the corporations that didn't make the move. so risk taking capability, an ability by japanese corporations will be for the government, we've been pleading about the government far too much but we should realize the ball is definitely in the court of the corporations, especially this time

president biden has reassured kishida of the commitment they have to defend its ally.condemned the first missile launch over japan in five years. biden and kishida say they will work with south korea on a longer-term response to the launch. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: former president donald trump is asking the u.s. supreme court to intervene in the fight over government paper sees that his mar-a-lago home. for more, let's bring in jodi schneider. this seems like a significant escalation. tell us more about the showdown? jodi: it is a significant escalation. lawyers are going to the highest court in the land, asking them to intervene specifically asking them to allow a special master which was appointed to the court as well to basically review 100 documents with classified markings that would take this in florida. basically, trump and his lawyers are arguing that they deserve the right to do this and they are co

japanese prime minister kishida announcing a $490 billion economic stimulus package. fiscal spending will be $267 billion and an extra budget of $200 billion being instituted to ease the impact of rising prices to support growth as well as bolster sliding support for the kishida-year-old government. credit suisse described plans to remake -- the restructuring will see if or billion dollar capital raise, thousands of job cuts, and a spinoff of the investment bank. but shares plunged the most ever. some suggest the changes do not go far enough. the american economy's recent rebound is looking like a high watermark for the expansion. third quarter gdp rose 2.6% at an annual rate but investment in residential housing plunged at an annual rate of 26%. the engine of the economy, consumer spending, rose 1.2% from the previous quarter. having a look at the yuan, now the fifth most traded currency in the world. that is from data out of the latest survey from the bis central bank. the chinese currency involved in 7% of all trades in 2022, putting it ahead of the aussie, the loo

and marriage services on the eve of prime kishida ordered to launch a ministerial investigation, but his opponents believe. it is not enough to state with regret that over the past 30 years, deputies of parliaments, including me, along with the government, have not so much protected citizens. how many have stood on the side of the unification church, all those who have suffered from its activities do not want people like them to become more fitting. please tell me when this investigation will be completed and whether it is possible to complete it, when it becomes. it is known how much we all have to wait for all the necessary procedures to begin before the end of the year. how long will this investigation take? at this stage, it is impossible to answer to the parliamentary discussion of this issue, one of the former adherents of the church was invited, the hasidation was forced to divorce his wife, who gave the entire family savings to the moonies, and 2 years ago, his son committed suicide, the legislative framework, which makes it possible to dissolve the religious organizations. i

beginning of a full-scale war between russia and ukraine, the head of the japanese government, fumi u kishida islands original japanese territories, in two weeks, moscow announced that it would stop any peaceful negotiations with tokyo and what really attracts the kremlin to the kuril archipelago, in addition to imperial ambitions, is primarily an outpost for the russian navy, because it is located at the intersection of cold and warm ocean currents , thanks to this, the strait never freezes. and this is beneficial for warships and submarines that are based in vladivostok, there are now several military bases in the kuril islands. and the soils there are rich in deposits of rare and very valuable minerals, such as the metal rhenium, which is used for aircraft manufacturing according to the latest data about 20 thousand people live on the archipelago all of them mostly earn a living by fishing anna basova details tv channel intermarathon the only news pride and irritation in the network does not subside the scandal related to the decision of the nobel committee that divided the peace prize bet

us but perhaps none more so than cnn which, together with the new york times, had become his fumio kishidaations. the 29- like, of media organisations. the 29— page lawsuit in the home state of orator which accuses cnn of attempting to undermine his political ambitions. —— florida. and increasing its attacks in recent months as speculation has grown that donald trump might run for office once again but in particular, this lawsuit draws attention to parallels which it says cnn presenters and reporters have drawn between the former president and adolf hitler, in particular, its use of the phrase "the big lie", which is the phrase cnn presenters have taken to using to address donald trump's claims that there was fraud on the 2020 election. the phrase was also used by adolf hitler to invoke violence against the jews. used by adolf hitler to invoke violence against thejews. he is seeking $75,000 in compensation and $470 million in punitive damage —— 400 and will file similar lawsuits against other organisations in the weeks and months ahead. he's had mixed results in the past, he sued the new y

washington's "ironclad commitment" to japan's defence during a phone call with prime minister fumio kishidaask the united nations security council to meet publicly on wednesday. here's the japanese prime minister condemning north korea. translation: north korea's launch of a ballistic missile _ is a reckless act that absolutely cannot be allowed. japan will be on the highest alert and respond quickly. in the us a pentagon spokesperson was asked whether this latest missile test could be prelude to a nuclear test i don't want to speculate as to whether— i don't want to speculate as to whether they will or not. as you know _ whether they will or not. as you know there has been indications in the past _ know there has been indications in the past that the dpr k is preparing a test _ the past that the dpr k is preparing a test site _ the past that the dpr k is preparing a test site for what would be its seventh — a test site for what would be its seventh nuclear test. if they do such_ seventh nuclear test. if they do such a — seventh nuclear test. if they do such a test— seventh nuclear test. if

biden and kishida say they will also work with south korea on a longer-term response.bal news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: we are about half an hour away from the opens in japan and south korea. annabelle, how are we setting up? annabelle: we are looking to go into a second day of gains paid we already have the asx half an hour into trading here and you can see that reflected with a pretty big tailwind coming into the session even though you can see futures are little bit weaker but phil, we have the best two day rally for u.s. stocks in more than two years. a lot of that down to this expectation that some investors have that central bank's could be nearing the end of their tightening cycle and that was reinforced yesterday by the rba because we have that basis point move seen by a handful of economists because most of them had been expecting a half-point hike for the fifth straight meeting. the rbnz meets later today. the o

japan japan seems to be e, the kishida formula is ready to be voiced or has already been voiced, and be and apparently, these threats that you said e have been transferred to paper. something similar is being prepared to revise e three conceptual documents in the field of defense and security e documents, uh, new versions, which are adapted, so to speak, as i think to the current situation, will appear somewhere in december, as follows from the statements of officials , yes, and i would also like to add that from time to time there are, here, er, discussions emerge, so to speak, on the surface of various kinds. uh, comments on its ability to deploy in the region, including in japan and us medium -range missiles. this is also such a part of the local military-political discourse. that is, it turns out that japan is so actively preparing for what they consider to be some kind of threat from authoritarian countries, but as far as i understand, uh, more diplomatic wars are going on. here is the story. diplomats consuls, how the situation is developing here now, the step that the japanese

president joe biden and japanese prime minister fumio kishida talked about the launch and vowed to have the denuclearization of north korea. this response from the south confused some people and worried some people in their own country. >> reporter: well, certainly the fact that one of those missiles did fail and appeared to crash was of concern to some of those in the area, but what we saw here, max, was a really coordinated effort by both the u.s. and south korea. they actually carried out two separate exercises in less than 24 hours. both of them intended to give a message to north korea. so firing missiles off the east coast of korea and then also having bombing drills with fighter jets off the west coast of korea. so we heard from john kirby who was on cnn just after those drills had taken place, and he was talking about how this was a message to north korea to show that if the u.s. and south korea wanted to, they had the military capability to strike back. >> we have made it clear to kim jong-un. we're willing to sit down with no pre-conditions. we want to see the denuclearization

you have to look carefully at the statements of prime minister kishida. prime minister suga even prime minister abey and abey now from retirement. which is a dramatic hardening in the japanese position on defense of taiwan. i am surprised by it. i follow japanese politics reasonably. so that i think is what they see the quad worries them because suddenly at the chinese view that these four could never agree with each other that the indians were sui generous and and the australians would always in the chinese view do what the americans told them to do in the japanese most of the time but now you have this strategic arrangement with the four. surprised beijing and even with orcas involving australian united kingdom united states and the extension of american nuclear propulsion technology to the australians. this creates a further level of complexity. so i think russia keeping it under control the taiwan japan scenario because that's where a crisis would erupt. and the and the capabilities which would be deployed apart from those united states itself. then b

prime minister kishida says it should boost gdp by 4.6%, this as the u.s. policy to battle inflation. the plan also includes big subsidies. >>> on the news, much more on the pelosi attack and the growing number of attacks on politicians and government officials as of late that's tonight at 7:00 p.m. eastern. >> seema, thanks very much >>> health care has far outperformed the broader market this year, but there are winners and losers in the sector, and we have three buys and one bail to tell you about that's the bail you're looking at gina sanchez says it continues to fade with the pandemic. the trade is next. be right back. we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a

that's one of the reasons why the president wanted to speak with prime minister kishida to reassure they our commitment to japan's defense. you saw the exercise we conducted with japanese fighters as well as an exercise that we conducted over the west sea with our south korean allies. this is not unusual. in recent months, unfortunately, we have had to conduct these kinds of exercises in response to north korean provocative actions. it's obviously a violation of the u.n. security council resolutions. we will keep consulting with allies and partners about the best way forward. this is destabilizing. it does nothing to enhance security and stability in the korean peninsula or in the western pacific. >> how worried are you about a nuclear test, which he hasn't done since 2017? >> we are watching that as best we can. i don't have anything specific to say today about what the chances are. obviously, that would also be deeply concerning and deeply destabilizing to security in the region. also, of course, a violation of national security resolutions as well. certainly, the united states and th

welcome volodymyr zelensky to our conference in the middle of the day biden managed to wake up, but kishidaallen asleep. zelensky from kiev demand new anti-russian sanctions, money, an international mission on the border of ukraine with belarus, and, of course, air defense became late in the evening. it is known that germany handed over from its first anti-aircraft system. it is noteworthy that in berlin and other european capitals that supply kiev with weapons, they constantly deny their direct involvement in the conflict with russia, but now deny it. this is pointless nato secretary general in plain text. said everything. it is very important for all of us that ukraine wins the battle, wins the war against the attacking strong forces, because if putin wins, it will not only be a big defeat for the ukrainians, but also a defeat and a threat for all of us, as it will make the world more dangerous, and make us more vulnerable to other aggression from russia ukraine transferring european countries. nato close rear washington is the military-industrial complex and the center of decision -makin

in response, us presidentjoe biden and japanese prime minister fumio kishida have condemned the test. a statement issued by the two leaders: "the leaders jointly condemned north korea's missile test in the strongest terms recognising the launch as a danger to the japanese people, destabilizing to the region, and a clear violation of united nations security council resolutions." here's the japanese prime minister speaking a little earlier. north korea's launch of a ballistic missile is a reckless act that absolutely cannot be allowed. this is the missile in question. this picture from a missile test back in 2017 appears to show the hwasong—i2 ballistic missile. such missiles are initially rocket powered and then follow an upwards trajectory before heading back to earth. they can carry conventional or nuclear warheads. the hwasong 12 was used back in 2017 in the last tests which overflew japan. let me give you an idea of the effect the north korean missile launch had in japan. this video was filmed on board a train — which was brought to a halt, with alarms ringing, from what is known a

very much focused on the terminal now, kishida plans to announce an extra budget of stimulus worth nearly30 trillion. we are focusing on what the yen does ahead of the bank of japan policy decision later today. kathleen: let's get to our next guest, a bank of japan governor faces a key test trying to stick with rock-bottom rates without triggering a landside that required intervention. with us now, effexor ito -- professor ito. it is great to have you back. i want to go to this question people are raising. is the pressure building on the boj to do something with again under so much pressure, the government spending money to boosted. you said there will not be any change. why not? >> first of all, the inflation rate is comparatively very low to the u.s. and europe, headlined is 3%, and excluding fresh foods 3% and excluding energy and fresh food, 1.8%, so still below the 2% inflation target. it may go up a little more from year, but next year it is expected to go down as oil prices and gas prices will be plateaued. the inflation rate will go down. so there is no reason to hike the interest

>> i think this stimulus package is going to show that kishida's government is supporting the boj and while also flagging the need to be careful of the implications for markets from policy and also comments made -- if you remember after the last boj meeting, japan had to intervene after kuroda's press conference started emphasizing the need to keep stimulus going for a long time, even two or three years at one point. remarks he later walked back. the yen got weaker and weaker, prompting the intervention. i think this is a message that hey, we don't want anymore comments like that. but the fact of the matter is the government still on board? it is providing a stimulus package, it's going to provide more help for people suffering from the pain of inflation. it's also going to have efforts to try and promote wage gains. if you remember the language that kuroda is using, he is saying ok, we have inflation above 2%, but it is cost push inflation. this is not the inflation we want. we want stable and sustainable inflation and for that we need wage gains. >> we are getting more lines coming

this is fumio kishida.the rest, as it were, we are the chinese there, well, of course, the whole osian. well, of course, the two economies of taiwan hong kong but do not think that at present does not seem to be continued today, but the framework today said. and, by the way, the americans will raise the price of oil, and the europeans a little cheaper. the thing is, biden did go. it was already then that he was told that we would not give it. i didn’t understand this, so now for the united states, of course, this is a big slap in the face for this administration. they seemed to be counting on the fact that they were already winning the elections on november 8th. now this problem is becoming the most urgent for them, because the price will start to rise again at gas stations. and this means that for the biden administration, the hard times of the struggle to maintain the two branches of government are again coming. the third is simply impossible. he is nobody was able to replace. there, no one dropped out by

why the president wanted to speak with prime minister kishida today to reassure him that the united statess well as our south korean allies. we have to conduct these exercises quite often, but we are forced to do this in response to the provocative actions of north korea, which obviously violate the un security council resolution, we will continue to discuss our future with our allies and partners. at the same time, the security council did not adopt any single statements on the dprk russia china indicated that the actions of the dprk were largely provoked by the confrontational line of the united states and allies. western countries unanimously condemned singing among them and great britain that is, the new prime minister of the country or rhinestones are doing anything except solving internal problems in the uk and understanding the british. such a policy does not find the poll shows that there is any favorable, damn it, passion, of him, in which he is worth a percentage of the british. in the first month, the premiership has already surpassed boris's worst performance johnson's appeal d

probably fell in the pacific ocean, as the japanese government reacted to this, prime minister fumio kishidaized press conference, called pyongyang's actions outrageous and reckless , the government intends to protest pyongyang, according to the rocket fell about 3,000 km from japan however, regardless of the alleged place of the fall, the japanese authorities seriously concerned about this incident, because sometimes korean missiles fail there are no reports of damage. but the question now is, could any debris fall on japanese territory? the bigger problem of all this, of course, is whether it will hold? she hasn't done a nuclear test anytime soon since 2017, but all year long the khnyans have been stating their intention to do so, is this launch being considered? as timed to coincide with political events , it is very likely, because the us vice president is young harris paid a visit to tokyo where she attended the state funeral of former prime minister aba, and then made a trip to south korea where she visited the military zone at the thirty-seventh parallel, that is, in the very area whe