. >>> japan's daiwa securities group is joining hands with taiwan to strengthen economic ties. the aim is to help japanese firms branch smoothly into mainland china. >> translator: we have agreed to strengthen economic ties between japan and taiwan. i believe that it also helps further development of both economies. >> the announcement was made on monday jointly by daiwa president takashi hibino and taiwanese authorities. through cooperation with taiwan, daiwa will support japanese companies, conduct business in the region. this includes mediating tie-ups between japanese and taiwanese firms. daiwa hopes the efforts will help japanese firms make smooth inroads into the chinese market. this comes after taiwan and mainland china signed a free trade deal in january. meanwhile, taiwan hopes to raise its international competitiveness by inviting japanese high tech firms. >>> the competition for business among companies that make water systems is intense. with so many emerging countries eager to buy the infrastructure, the market is expected to grow over $1.3 trillion. at the moment, japan trails europe in water technology sales, but it's making

of course it is expected to veer to the north and then aim for mainland japan. it could make landfall here early friday morning. anywhere along the pacific coast in central and western portions of the country. it continues to be a very large storm system bringing fierce winds to the ogasawa islands. we'll feel the effects of the system, strong winds will impact central portions of the country starting tonight into your thursday. we're looking up to 250 millimeters to fall here. looking quite showery across northern japan as well today. meanwhile, rain band moving into northeastern china developing as it goes. and the far southeastern corner of china. nanmadol still with us. it continues to go towards the coastline here. looks like it will make landfall today as a tropical storm. as you can see, not much has changed. it's still the same area of taiwan that continues to bear the brunt of the storm. also heavy rain continues to impact the region. southern taiwan reporting 300 millimeters in the last 24 hours. additional rain will fall. looking at about a hundred mi

west and also this very large typhoon over the pacific that is slowly but surely approaching mainland japan. the typhoon maintained its strength packing winds of about 120 kilometers per hour gusts reaching 180. right now it's moving in a westerly direction but of course it is expected to veer to the north and then aim for mainland japan. it could make landfall early friday morning anywhere along the pacific coast in central and western portions of the country. it continues to be a very large storm system, bringing some fierce winds, torrential rains to the islands and we'll also start to feel the effects of the storms, strong winds, heavy, blustery winds will really impact central portions of the country starting tonight into your thursday. we're looking at up to 250 millimeters to fall here. looking quite showery across northern japan as well today. meanwhile, rain bound moving into northeastern china developing as it goes dumping moderate rain here and the southeastern corner of china. not much change i'm afraid. the tropical storm still with us. it continues to meander towards the coast

00 mill 200 millimeter and all eyes on talas headed up to the north and impacting perhaps the mainland japan getting into the next five days. again look at it strengthening as it does, perhaps making landfall in five days as a category 2 storm. that would be a disaster, another one for japan. we're hoping for a turn here. we'll keep you posted in the next several days. guys? >> okay, yes. sounds like it could be a wet weekend. the first weekend of in noda's prime ministerstership could be a wet one. thank you very much. >> need all the time he can get to sort out the problems in japan. >>> another thing we've been talking about, the effect on the markets. when we come back, exactly what came out of this in jackson hol, wyoming. >>> stay with pus us.e st in hee and the pollen outside. but with 24-hour zyrtec®, i get prescription strength relief from my worst allergy symptoms. it's the brand allergists recommend most. ♪ lily and i are back on the road again. where we belong. with zyrtec®, i can love the air®. >>> were back, you're watching "world news today" live at cnn. >>> the world economis

48 hours and now it's going to make that dangerous turn to the westful if you're watching from mainland japanislands it does not look good. it's going to maintain its strength at 212- 214-kilometer per-mile winds. perhaps the secondary landfall into shanghai. here's computer model forecast here. a tightly wound eye. we continue to see nothing impeding its development here. it us at least going to maintain strength and perhaps fluctuate up and down over the next couple of days. as it does. this thing is finally getting together. what i'm showing you is the tropical disturbance of the eastern atlantic here. this will be emily. it will be a tropical storm. it will be impacting with the lesser antilles here and eventually moving south of puerto rico. what it does after, that we think it's going to move generally west toward hispaniola and potentially by the time it gets to day five, it could be a threat to the eastern plains united states. we'll keep you posted on muifa in future days. guys? >> okay, ivan. thanks very much for that. >>> the new imf chief has chilling words if the united states. s