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

suga will almost certainly win, sincnce both houses are controld by an ldp-led coalition.business leaders have been expressing what they hope to see from suga. the chairman o othe japan businessss federation wants sug to stop the fururther spread of cororonavirus infefection whileo woworking on economic recovery. nakanishi added he wants to see bold growth strategies, including digital transformat n transformation. the leader of japanan industry, mimura akio says stability and continuity of policies are important when the country is experiencing difficult times. mimura hopes suga will show strong leadership so people in japan can have a bright future after the pandemic subsides. >>> we spoke with an expert about the economic issues s sa may face as prime m minister. columbia university prprofessor ito o takatoshi specialized in japanesese govnmenent policy. he ss some serious work lies ahead. >> biggest challenge f for japa is to tacklee with or cope with the declining population and aging of the society. >> reporter: it o takatosi says japann f faces a futuree in whi more

a winning there is a forgone conclusion since it's controlled by an ldp-led co-lags.apan's new leader will face a series of challenges including the coronavirus. officials say nearly 50,000 people have lost or are about to lose jobs because of the pandemic. labor ministry officials believe the actual situation could be much worse as the current figure only reflects cases reported to regional employment offices. as a countermeasure the government is extending its wage subsidy program to the end of the year and calling on businesses to maintain jobs. meanwhile tokyo confirmed 170 new cases on tuesday, the largest figure among 47 prefectures. about 27,000 people have tested positive in the capital of 14 million. the metropolitan government is scrambling to deal with the first confirmed casases on a remote island located about 170 miless south o of the city. officials airlifted all four patients to tokyo. across japan more than 69,000 cases have been reported. over 1,300 people have died. >>> the japanese government is sending more experts to mauritius to further assess t

nearly 400 of those will be cast by ldp diet members. rest will come from the party's 47 prefectural chapters, which have three votes each. earlier, ai uchida spoke with nhk world political reporter aizawa yuko for an update on campaigning in the ldp presidential election. how did suga get such a big lead so early in the race? >> one big reason is a desire among ldp members for continuity. the coronavirus has created a lot of uncertainty, and suga has been a voice for the government from the beginning. as abe's chief cabinet secretary, he was there when strategies were first rolled out, and lawmakers hope e that can keep up that momentum. early on, influential members of the party supported him like ldp secretary general and finance minister aso taro. the winner of this race will onlyly fill the final year o of abe's term. then the party will vote again. some lawmakers are likely seeing this as a way to test suga's leadership potential. depending on how he does and whether a more desirable candidate emerges, members could still choose so

i must also point out that globally, social divisions have created problems. >> forrer ldp secretaryeral 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-led coalition. >>> as the coronavirus pandemic continues, the u.s. centers for disease control and prevention has reportedly notified all 50 states to be ready to distribute a potential vaccine as early as november 1st. but some health experts are warning the timeline may be too ambitious. u.s. med

, former ldp secretary general and former defense minister.f the three, suga has secured the most support. most of the party's large factions have pledged their votes for suga, together amounting to two-thirds of the party's sitting lawmakers. on september 14th, 394 ldp lawmakers will get to vote on who becomes their next leader. local chapters representing the country's 47 prefectures will decide on how to designate three votes each. two days after the new party president is chosen, japan's diet will vote on the prime minister. a win there is nearly a foregone conclusion since it's controlled by an ldp-led coalition. >>> pope francis has held his >>> china is rejecting a report by the u.s. defense department that projects beijing will double its stock pile of new clear war heads over the next decade. >> translator: the report deliberately distorts china's strategic intentions. china firmly opposes this. >> the spokesperson says china urges the united states to abandon its cold war mentality and stop irresponsible rorts. the defense ministry a

former ldp secretary-general ishiba shigeru, chief cabinet secretary suga yoshihide, and ldp policy chiefisishida fumi are vying for the leadership. but campaign activities are being confined to major cities becacause of the coronavirus. >> translator: i will once again devote myself to regional revitalization. i want to achieve a great reset to rewrite japapan's bluepririn. ototherwise, our country won't able to survive the next era. >> translator: i vow to keep on pushing forward the policies of prime minister abe. the top priority is coronavirus countermeasures. at all costs, i will stop an explosive spread like wewe saw the u.s. and europe and protect the lives and health of the people. >> translator: i will listen carefully and turn the voices of the masses into political energy. disparity and division have been growing in japan and around the world. i will tackle this modern issue and foster cooperation. >> 535 votes will decide the winner next monday. 394 of those will be cast by party lawmakers. the remainder will come from the party's 47 prefectural local chapters, which will hav

suga retained party heavyweight nikai toshihiro in the key ldp post of the secretary-general.eteran politician moriyama hiroroshi stays as diet affairs committee chairpersoson. these influential figures were suga's most powerful supporters in the leadership campaign. suga also appointed former communication minister sato tsutomu as general council chairperson, the top role of the party's highest decision making body. former educacation minister shimomura hakabun remains in the party management as policy research council chairperson. and yamaguchi i taimei is named election strategy committee chairperson. suga is almost certain to succeed abe shinzo as prime minister f following a ve e in e diet on wedndnesday. if so, his cabinet would also be announced later that day. >>> governments around the world will be watching how suga handles foreign policy. an expert in the united states expects the new prime minister to be a thoughtful leader with strong diplomatic skills. michael green was a senior official on asian affairs under u.s. president george w. bush. he's met s suga severa

the former ldp secretary general and defense minister has long bebeen seen as abe's rival.e 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 the end of the month to mutually allow short and long term visitors. the government is also negotiating with china, south korea, and australia. it hopes the moves will help reviveve jajan's economy. >>> people in p parts of japanad south korea are cleanining u up afterr the typhoon batteredd bo countries.

on september 14th, 394 ldp lawmakers will get to vote on who becomes their next leader. local chapters representing the country's 47 prefectures will decide on how to designate three votes each. two days after the new party president is chosen, japan's diet will vote on the prime minister. a win there is nearly a fore gone conclusion since it's controlled by an ldp-led coalition. >>> staying in japan, researchers here have begun evaluating blood samples from coronavirus survivors to see how long antibodies remain in the human body. they want to analyze the risk of reinfection and help develop vaccines. antibodies are proteins created in the human body after a person is infected by y a virus. one type called neutralalizing antibodies are s said t to prev infection. a team led by researchers from yokohama city university began a large scale antibody survey. the governrnment-fununded proje will target people aged 20 or older who tested positive from april through may this year. researchers will take blood samples six months and then one year after infection and compare the

of the seven ldp factions, four have decided to back suga, and another is likely to follow suit.everal 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. >>> japan's defense ministry has had to put off sending a maritime self defense vessel to the middle east after one crew member tested positive for the coronavirus. the ministry says the infection aboard the destroyer was confirmed on tuesday. the ship was due to engage in intelligence gathering mission in the middle east. it left the base near tokyo on sunday but stayed in waters near japan while about 200 personnel underwent virus tests. they returned to the base following the confirmation. the ministry says the postponement does not effect the mission because the vessel that the ship was to relief will continue operation. ministry officials are working with public health authorities to determine whether other per

the ldp has decided on a scaled-down election.oat is happening at this tokyo hotel with the results expected in about an hour at 3:30 local time. between lawmakers and the local chapters of the ldp, there are 535 vote. says he wants to create a government trusted by the people. reporting he will likely win 60% of those 535 vote , beating out his opponents. when it comes to the general election, it will have to be called over 2021. some senior lawmakers have hinted at a staff election after the new pm is elected. an election may come soon. when it comes to international relations, that is something suga may absolutely save. manus: the line he said this morning, victory is right before our eyes. his own mandate at the ballot box just by him being there. when it comes to international relations, what do you think the biggest challenge is? shinzo abe has a special relationship with trump. >> inexperience may be one. shinzo abe has a strong political pedigree. we know he is well-versed in diplomacy. a family ofrom strawberry farmers an

i don't think we can lead the ldp has it is. it needs internal reform. that is my role.the same time, ,i stand in for the party's leader and secretary-general to convey to the people of this country through the media what the ldp has to offer. >> after eight years of the abe administration, which often talked about empowering women, we have a new cabinet with only two women in it. what message does it convey to japanese women? >> even though prime minister abe took the lead and talked about women's empowerment for nearly eight years, i think people around the world understand how little japan is able to empower women. let's not forget he was the first ldp prime minister to talk in public in parliament about how women's empowerment was needed. but both men and women need to be aware of the depth of the problem and find answers. the fact that there are so few women is a result of the fact that women are not seen as necessary in politics. that is why there are few female lawmakers. when women become cabinet ministers, unlike male lawmakers, they are required to have some sk

ldp leader.e's well known to japanese as the voice of their longngest-serving government, , acting as abe's chchief cabinet secretary fofor more than seven years. elected on a promise of stabilility, suga is vowing tot keep a steady hand on the helm as japan navigatates a sea of instability caused by the coronavirus pandemic and its economic fallout. after suga forms his cabinet, the emperor will ceremonially endorse him and his ministers at the palace. after that, suga will hold a news conference and convene the first meeting of the new cabinet. nhk "newsline" will bring you updates throughout the day. >>> israel has signed historori deals to normalize relations with the united arab emirates and bahrain, a move that could bring a major shift in middle east politics. u.s. president donald trump, who brokered thehe deal, focuseded its game-c-changing natuture. >> after decades of division and conflictct, we mark the dawn of new middle e east. today's signining sets histo o a new course. >> t this

as a result women only make up about 7% of ldp members in the lower house. >> reporter: as it standsow, he expecects suga to remain on e path that abe carved out unless the ldp encouounters p pitical pressusure. he says that can happen after the two biggest opposition camps merged to create the constitutional democratic party. >> translator: if the p party c gain more seaeats in the nexext election, it could create momentum, but if they lose, it's highly likely the opposition will return to a state of confusion. >> reporter: suga has nearly a year to make a decision to call an election. some say there is speculation he could dissolve the diet soon to hold a vote. nakakita says whenever it happens, the outcome will likely shape japan ice political landscape for years. >>> the japanese government is set to send another team of investigators to mauritius. they're tasked with determining why exactly an oil tanker struck a reef there two months ago causing an environmental disaster. >> this isis a huge issusue tha needs to be tackled by the public and private sectors. the dispatch comes a

that was the ldp acting secretary-general speaking exclusively to bloomberg.lines, retirement of the chair of the new york times. this 69-year-old lead the family-owned company through a decline in the print industry and the rise of digital as publisher from 1992 -- chairman for 25 years. the timese in charge, when 61 pulitzer prize is. he will be succeeded by his hisear-old son, ag, and -- 14-year-old son, ag. nikolai is said to be in advanced talks with bp about a hydrogen network. bloomberg understands the companies have reached an agreement to collaborate on a project to develop a network of fuel-cell powered trucks. nicola hoped to announce the deals just days after his tie up with g.m. went public. general wall motors is to start car production in thailand next her and is aiming for annual output of up to 80,000 vehicles. deleting chinese carmaker will start with suv's and pickups. registered has capital of three quarters of a billion u.s. dollars and will employ 3500 people. coming up in the next hour of thebreak asia," we look at open of trade in asia

the ldp is holding its party elections.he winner is all but certain to be chosen on wednesday, yoshihide suga is the favorite going into that. .he dollar holding stable we are seeing brent crude just under that announcement. it seems the era of oil demand now over. >> a lot happening. we start with i pandemic, global cases reaching the 29 million mark. europe becoming a concern again with that u.k. set for tighter restrictions on social gatherings following three consecutive days of more than 3000 new daily cases. france reporting a search with 17,000 cases over the weekend. the most since the end of its lockdown. 80 people have been arrested and fined during a series of weekend protests. restrictions will be eased monday. the state government has offered in feeses 3 billion waivers, equivalent to a quarter of the annual tax revenue. the fisa ceo says it is likely a virus vaccine will be a lego -- will be available before the year's end. he is confident it will be safe but the final decision will rest with regulators. oxfor

he has become the favorite after the ruling ldp developed a voting system.e is seen as winning support across the party ahead of the former defense minister. here in the u.s., joe biden is expected to report record fundraising last month with the election weeks away. democrats raise more than $3 million in august following the nomination of kamala harris. the campaign says it has pulled in $48 million after her announcement. previous record was 193 million by barack obama in september, 2008. china is warming -- as winning relations with the u.s. are facing difficult problems. saying that hardliners are increasingly driving policy. the foreign ministry in beijing's -- the u.s. going to great lengths to portray china as a rival. the embassy tweeted the u.s. is resorting to every possible means to suppress china's development. relations between china and nvidia seemed to worsen -- and india seem to worsen. inia has moved forces response to provocative actions by china. beijing says it is taking all necessary action without giving any more details. local militar

he is popular among the electorate, but he has very little sway internally within the ldp.faction, but with only 19 members he is probably a longshot. the ldp adopted an internal voting structure that gives weight to the more powerful factions, the kingpins within the party and limits influence of regional party factions and that will play to the favor of the right-hand man of shinzo abe. he is theiven that favorite, he is the right hand man, does that mean that abenomics lives in or does it become suga-nomics? stephen: a bloomberg economist was quoted saying that it would cement continuity. a win by one of the others would spell pretty much the same, so you are looking at abenomics likely continuing because the japanese economy has been absolutely decimated the coronavirus outbreak. the government has been throwing lifelines. so the question is will this new leader be able to convince the population that the government is in good hands and convince markets and investors of policy stability? when do you switch to stimulating a return to growth after these life-support measu

what is going on now with this meeting of the ldp?erale ldp's counsel are meeting to decide the rules for the election. the key will be how much influence is going to be given to rank and file members? the consensus candidate right now probably would not do so well if the election were expanded with rank and file. at this point, the secretary-general said it will be a bit of a narrow election, p lawmakers and three representatives from each prefecture. this is something that would benefit the leading contender, the secretary. -- itld hurt someone would hurt the farmer defense minister -- former defense minister who did quite well in 2012 when he went up against abe , former prime minister abe. abe says it will have different effects for the candidates as well. i'm wondering, at this point, does it seem like any of these contenders have the power to did, similar to what abe where he had such a long track record, in order to stay on, in order to propel some of these policies, are we likely to return to the revolving door of leadership i

suga is expected to be the new ldp leader, liberal democratic party.day the ldp leader is expected to be voted in as the prime minister because he holds a majority in the parliament. that's how it works technically. suga's story is interesting. he is a familiar face, covering japanese politics the four plus years i lived in tokyo. even from here in hong kong. he's a familiar face. he gives a lot of press conferences. he knows the job in and out probably better than the prime minister himself. it's often been said the chief cabinet secretary who is basically, you know, right alongside the prime minister, almost like a combination of the chief of staff and press secretary, this person knows exactly what needs to be done in terms of the technicalities of the job. now, what suga does not have that abe had is this kind of star power. abe was a third generation prime minister. he comes from a political dynasty. he was almost -- his pedigree was essentially, he was made for the job of japanese prime minister. he has been tremendously successful on many fronts

akaba kazuyoshi from the ldp's junior partner remains infrastructure, environmental minister koizumi shinjiro will continue his role. okonogi will oversee the police watch dog group. hirai takuya will take on one of suga's prioritized policies, the government's digitalization. nishimura yasutoshi will oversee japan's coronavirus measures to balance the efforts with the revitalization of the economy. kono taro will shift to a new role in cabinet, administrative reform minister. suga has emphasized the importance of work to create a more efficient government. hashimoto seiko retains her position, taking charge of the postponed 2020 olympic and paralympic games. inoue shinji to hold the world expo in osaka in 2025. >> for more on this story, i'm joined now by nhk senior political commentator. what's your impression of this new cabinet? >> this lineup shows how much importance the new prime minister places on continuity. we are seeing a lot of familiar faces, many of whom have served on a cabinet witith suga and ab. the finance minister, foreign minister, education minister, and several

some ldp lawmakers say he isn't likely to dissolve parliament early.hat's because he's already picked his cab met to deal with the country's challenges. they say he should focus on the pandemic as he's promised not to create a political vacuum. others say time is tight to dissolve parliament as the nation is committed to hosting the olympics and paralympics next summerment finance min ter taro says he should consider dissololving the house early. others want to see it happen by the end of the year. that would capititalize on high approval ratings for suga's cabinet seen in polls. he's e expected to decide what happens with the coronavirus and public support for his cabinet. >>> a widely watched business survey here in japan is expected to shed some light on the pace of recovery amid the pandemic. the bank of japan is releasing its latest tankan survey on october 1st. analalysts say it shohould s sh sentiment i is improving even a it remains deep in negative territory. they expect an index for large manufacturerss to improveve as economic activity gradu

and the ldp has a majority in parliament.re a lot of challenges facing suga right now. from japan's economic issues, the recession as a result of the covid-19 pandemic, the pandemic itself and, of course, tokyo 2020. >> translato >> reporter: he's known in japan as uncle reiwa. had the honor of announcing the name of the next imperial era. shinzo abe's right-hand man says he's the one most in sync with the outgoing prime minister and the favorite to take his job. >> is there anyone else in japan right now knows how to be the prime minister, at least in terms of what you have to do better than abe's number two? >> terms of experience, no one does. since the abe popularity goes up after this, you know, his announcement of resigning, the members of parliament says, okay, let's go with this, you know, let's ride on this wave and let's go for suga. >> reporter: suga has been chief cabinet secretary in the japanese government since 2012. he's abe's surrogate on almost everything from north korean aggression to stemming the coronavi

it is a careful balance, representing all of the major factions in the ldp who supported the vote foreaders in the ldp who got together in a back room to make him the new prime minister. thanks to rupert on that. in the next half an hour on outside source, we will turn to what was our lead story yesterday. the flags of two arab countries have been protected on the walls ofjerusalem's old city after they signed an agreement with israel. the deal has, as you might imagine, divided the arab word. —— arab word. related to that, there has been in israeli air strike on gaza. both hamas and fought dominic —— and fata have condemned that deal, saying... the ambition for many palestinians is that they would have their own state. they see the steel, signed in the white house yesterday, as being a blow to that ideal. we'll turn to that story and a number of others the next half an —— in the next half of outside source. i will see you in a couple of minutes. the heat of the last few days has well and truly gone now. the biggest drop in temperatures was across northern parts of the uk today. tomor

the ldp will likely have to pick its next leader in one year. will get all of the party potential leaders building up their bona fides over the next years. that could include the wildcard, relations with china. and the general election will happen by the end of next year, 2021. weather changes to the pacifist constitution, which abe pushed quite strongly, is probably less of an important issue right now, given the coronavirus pandemic. a lot can change in one year's time. haidi: our chief north asia correspondent, stephen engle, with the latest in the leadership race in japan. second quarter gdp figures expected to confirm the next in almost 30 years. more on that next. this is bloomberg. ♪ this is "daybreak: asia." there's a new morning about the u.s. economy, with considerable uncertainty ahead. needamerica will continuous support from the fed and policymakers in washington as a -- as the economy tries to recover from the coronavirus pandemic. seems to agree with the fed governor. he says the u.s. economy extraly needs fiscal stimulus to rebou

the leader of the ldp will almost certainly become prime minister because of its majority in the loweracing shinzo abe who on friday said he was stepping down for health reasons. steve bannon, a former advisor to donald trump who's charged with defrauding a crowdfunding campaign to build parts of a wall along the us border with mexico, has been told his trial will begin next may. mr bannon is one of four people accused of using hundreds of thousands of dollars to cover personal expenses. all deny the charges. a couple who aimed guns at black lives matter ‘s protesters have appeared in court. mark and patricia mccloskey are accused of unlawful use of a weapons, an offence which has a maximum penalty of four years in prison. in the wake of the incident, they were given a prominent speaking slot at the republican national convention. australia's foreign ministry says it has been in contact with an australian citizen working as a high profile news anchor in china, after she was detained. it's understood cheng lei, who works for the chinese state broadcaster cgtn, was arrested two weeks ago

pictures,ting live the elected leader of the ruling ldp party by overwhelming majority, we understandw does your portfolio, your focus on diversification, how does it respond to news? you are not driven by short-term moves, but the last prime haster of japan shinzo abe been at the post for nearly eight years. this is perhaps not a short to move. tatjana: indeed, our portfolio at the basis of our portfolio's theory, we don't make bets. we're not saying we know the future, so we know how to time the markets in any way. that is why we rely on diversification to play out its strength. to that extent, we didn't protect -- predicted there would be this policy move in japan so we wouldn't take advantage of changeut whenever happens in correlation structure in the japanese market, what you would see is our portfolio changes. for instance,pen, due to a different policy taken, sectors start to correlate more or less with each other, different stocks correlated differently with the overall market and that is something you would see. as long as the general risk factor doesn't change and the risk

the leader of the ldp will almost certainly become prime minister because of its majority in the lowercing shinzo abe who on friday said he was stepping down for health reasons. steve bannon, a former advisor to donald trump who's charged with defrauding a crowdfunding campaign to build parts of a wall along the us border with mexico, has been told his trial will begin next may. mr bannon is one of four people accused of using hundreds of thousands of dollars to cover personal expenses. all deny the charges. also in the us, a couple who allegedly aimed guns at black lives matter protestors in front of their house in missouri have appeared in court. mark and patricia mccloskey are accused of unlawful use of a weapons, an offence which has a maximum penalty of four years in prison. in the wake of the incident, they were given a prominent speaking slot at the republican national convention. australia's foreign ministry says it has been in contact with an australian citizen working as a high profile news anchorin working as a high profile news anchor in china. she has been detained. it is

typically gains for tokyo as they kick off the election campaign for the ldp party.oilodities extending to retreat after saudi cut prices to asia. check out copper futures continuing to edge higher as the baseetal surge comes after china reported a third straight month of imports above 600,000 tons. let's cross to david stringer for more. copper at a two-year high despite the hit from coronavirus to global economies. what is driving those gains? >> that's right. copper registering its highest close yesterday in two years. looking for further gains. you can read that is quite an optimistic signal more broadly, yet not only do we see chinese import data underscored with very robust demand but we are also seeing rising exports out of china, which points to a recovery elsewhere. it really does look like a positive signal more broadly for the global economy at this point. chinese copper imports in august, they were down a month earlier but they are still the second highest on record and we have really seen those volumes elevated in recent months as authorities borrowed mo

the leader of the ldp will almost certainly become prime minister because of its majority in the lowerown for health reasons. steve bannon, a former advisor to donald trump who's charged with defrauding a crowdfunding campaign to build parts of a wall along the us border with mexico, has been told his trial will begin next may. mr bannon is one of four people accused of using hundreds of thousands of dollars to cover personal expenses. all deny the charges. also in the us, a couple who allegedly aimed guns at black lives matter protestors in front of their house in missouri have appeared in court. mark and patricia mccloskey are accused of unlawful use of a weapons, an offence which has a maximum penalty of four years in prison. in the wake of the incident, they were given a prominent speaking slot at the republican national convention. tour operator tui has launched an investigation after at least 16 cases of coronavirus have been linked to one of its flights from the greek island of za nte to cardiff. some of those on board the flight, last tuesday, have accused cabin crew of failing

at the ldp and across domestic depend. we get translation from stephen engle.appy talk, what is the backstory? how conservative is the new prime minister? >> the government of japan tends to be kind of conservative by nature, of course. suga canto see whether break from that mold. abe did for the most part, at least publicly talking about a number of structural reforms, but didn't really get off the ground? we know about the support for the boj and the negative rates and the fiscal stimulus and the like, but the structural reform is the real hard, hard job. that conservative nature comes out when you try to break down those vested interests. , the other prime minister, says he wants to break the curse of the revolving door premiership. they had 17 prime minister since the heyday in the mid-1980's. 17. sam lasted only a few weeks. 64 days, one prime minister lasted. from two, no prime minister lasted more than three years. it is a thankless job in a difficult one. good luck to suga suga and suga -nomics. they have a lot to work on because there is low productivi

we are watching yen off the expected ldp news. francine: i was looking at dollar edging lower, gold climbing, treasuries unchanged ahead of the federal reserve meeting. global stocks climbing after the two-week slump. they are rallying because of a flurry of deal activity, but also signs of progress toward a virus vaccine. the chief executive of pfizer said it is likely the u.s. would deploy a covid-19 vaccine to the public by year end. be more boyseem to into than they were last week. to talk about the markets and -- to be more buoyant than they were last week. to talk about the markets, kit juckes. thank you for joining us. let me start off with the euro. does the ecb need to double down to make sure that the euro does not rise from here? i expect that they will. i shut -- i suppose it is a shot across the bow. when mario draghi said he would survive, hehe euro responded with a series of rate cuts and eventually negative rates and qe. what is his next big trick? if all they can do is to buy more bonds, which includes peripheral

there have been calls within the ldp for a visit to japan from xi jinping to be canceled completely. you think about this idea? and given that japan's biggest ally, the u.s., is clashing with china over many issues, how do you see the importance of the china-japan relationship? >> japan and china are neighbors and they have the world's second and third largest gdp. our mutual ties are very deep the international committee wants to countries to work together for peace and prosperity. the international community wants the two countries to work together for peace and prosperity. from a broad perspective, it is important to improve relations so leaders, including president xi, can pay mutual visits and the people of the countries's can also do so. there has been friction over the coronavirus and criticism of china, and it is not as if china has done nothing to deserve such criticism. it is important for us to point these things out to each other honestly, but from a broad shouldtive, both sides make efforts to improve relations. this -- relations between the u.s. and china have become ve

the nikkei to 25 is up 7/10 of aheadpositive territory of the ldp choosing a new leader .llion deal. the kospi up about 1% right now, and we have taiwan up .7%. take a look at where we are in terms of the currency market. 106.r-yen stable at in the lead up, new leader, bhp also influencing the oil market right now. we have new york crude up .6% ahead of the opec-plus meeting, but demand growth is over. take a look at where the euro is right now, a two-year high at 118.47. yvonne: after two weeks of decline, you're starting to see risk appetites in the markets, the m&a activity you mentioned when it comes to softbank certainly helping sentiment. we'll see how these things play out, but that is it from us here. we've got daybreak middle east coming up next. ♪ give you my world ♪ ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. announcer: the following is a paid presentation brought to you by rare collectibles tv. ♪ announcer: our country was founded on life, liberty, and the pursu

reasons why he has achieved all the support from major factions injapan, and the political game of ldpd of shinzo abe. if he was to clinch it, how easy is it for him to implement economic policy that is desperately needed to help the economy? i see you grimacing as i ask that question. it is a tough task because of the environment with which wejust because of the environment with which we just talked about, particularly the geopolitical tensions rising and cold economic war starting. a fight over hegemony between chinese and americans and japanese being in the middle of that, and of course the excessive conservative nature of japanese consumption behaviour and corporate spending. it's going to bea corporate spending. it's going to be a very, very difficult task, to say the least. but it may be a good chance forjapan to renovate its innovation ideas and the old way of doing things. we probably need a constructive destruction, and thatis constructive destruction, and that is what i think i am expecting from mr suga or ishiba or anybody who could utilise this crisis, covid—i9, to change t

yesterday he was elected and out the the ldp formality will take place tomorrow to make him prime ministerts after he was elected to the members he said, these are some of the things i want to do and he listed them. overcome the system of bureaucracy were each minister itsn't something -- does own thing and has politicians in charge. he would push it hard as prime minister. regulations, change to encourage small and medium enterprises to become more .nternational pandemic, ite became obvious that japan's judo -- digital economy is well behind where it needs to be. he is calling he says he will establish a digital technology agency. achieve. has a lot to will he need to do it all in one year? for five yearsn and saw five different prime minister's. what is the risk of the revolving door? >> if he doesn't do two things in the next 12 months, you will have a repeat of what you experienced during those five years. he has to call an election and when it. -- when -- win it. and he has to pass legislation that will make the public believe that he knows how to get things done and will get things d

interesting to see whether china affords them that with a trip sometime in the next year, before the ldpas a vote next autumn and the general election by the end of next year or whether they wait that out. he's not been as hawkish as others in the abe, current abe administration. he has not visited the shrine which indicates he is less likely to push for -- chains to -- changes to the pacifist constitution. japan has had issues with china, with south korea, with border disputes with russia. there's a lot on the geopolitical front including the possibility of a change in the white house to navigate for mr. suga if he becomes prime minister. our chiefphen engle, north asia correspondent with the latest on japan had we will get more perspective just ahead with a university professor. callss shinzo abe is -- for accountability. unique opportunities in the covid induced recess. from our exclusive interview, next. this is bloomberg. ♪ bloomberg. ♪ haidi: as the economy slowly emerges from the pandemic, apollo global management says there will be a reset in consumer behavior. the copresident sp

which history of the ldp, has control japan for a very long time, since the 1950's, only one woman hasto get onto the ballot for the leadership election, that loan get near to winning it. there are a lot of reasons behind that. the powerful factions within the party, none of the heads of the factions are women. that makes it hard for anyone to gain 20 votes you need to support you to get onto the ballot, and even getting onto the ballot is an important move for any politician because it gets your name out there and it makes you a familiar household name and improves your prospects for a future career. shery: if it did not succeed under prime minister abe, what will be his legacy? isabel: well, that is a good question, but i think what suga has been emphasizing in his speeches in the last few days is really the economic legacy, and it is certainly true that in terms of employment and so on, abe did pretty well during his almost eight years in office. the only other issue is that that achievement has evaporated due to the coronavirus. achievement has kind of disappeared in the last few m

to say is that no—one here in japan is surprised by today's result, that yoshihide suga is the new ldpe suga has been prime minister abe's right—hand man, at the heart of government, much of the time running the government. so he has the experience and knowledge, he is a safe pair of hands. so what is mr suga like? he is not a barrel of laughs. if you watch any of his daily briefings with the japanese media, he shows not an iota of warmth or charisma. however, he has other attributes. he has a reputation for having an extreme work work ethic and of being very disciplined. he repeatedly gets up at 5am every day and does 100 sit—ups before breakfast. much is also being made of his back story. unlike prime minister abe and most ofjapan's recent prime ministers, he is not of a political dynasty, he is the son of a strawberry farmer. he worked in a factory to pay his way through university. he went into local politics and worked his way up. he didn't enter parliament until he was nearly 50 years old. his boosters say that gives him much more of a sense of the difficulties of life for ordina