mariko oi in singapore — recovery today. mariko oi in singapore today, _ recovery today. - recovery today. mariko oi in singapore today, thank you | recovery today. mariko oi in i singapore today, thank you for bringing us up—to—date in what has been happening on the asian markets. we're nowjust hours away from learning who kamala harris is going to pick as her running mate for november's election. the vice president spent the weekend interviewing several contenders at her home in washington, dc. among those who travelled to speak with her were pennsylvania governor josh shapiro, arizona senator mark kelley and minnesota governor tim waltz. 0nce ms harris announces her pick, the pair are expected to depart on a whirlwind five—day tour through seven cities in key battleground states. joining me live is margaret talev, managing editor for politics at axios. what we heard a few hours ago kamala harris's team has still not decided. you think are the key factors now when it comes to picking that running mate as she closes in?— she closes in? there are a coule she closes in? th

, _ green and alison l. 0k, good for you, mariko, thank - green and alison l. 0k, good for you, mariko numbers of nightclubs and bars close their doors for good. according to the night time industries association, the uk is losing one club every two days. nightlife entrepreneur asher grant is trying to lure people back out by turning the traditional nightclub model upside down, he's making his first move into restaurants with the launch of pirana — the offer is a blend of entertainment and dining, otherwise known as a �*clu bstaura nt�*. i hope i have said that correctly. and hejoins me now. hello and welcome to the programme. hello and welcome to the programme-— hello. this new venture, how is it going? so far very well. it is a category that has done well in other cities, miami, dubai, paris, even the ski resorts, the clubstaurant or festive the clu bstaura nt or festive dining the clubstaurant or festive dining or elevated dining, whichever name years, it is something the market is looking to move towards, how can somebody go out, have dinner, sit down, have a dance, and be home in

mariko oi joins us live from our asia business hub.. i guess the verdict doesn't come as a surprise? no, ithink no, i think it is fair to say that the verdict does not come as a surprise, but as you say, we were all there covering those protests and to think that how much the city has changed in such a short time it is quite remarkable stops we are talking about 76—year—old former media tycoonjimmy lai who was the founder of the pro—democracy newspaper apple daily which of course has since been shut down as well as six others who have been found guilty of organising and participating in an unauthorised assembly five years ago. jimmy lai was jailed for this conviction but he has also been serving a sentence for other charges and he has been held in solitary confinement for more than three years now. i still remember the shockwave sent to the business community at the time when the authorities decided to go after jimmy lai and arrest him because he was a billionaire businessman, and until then, most of the arrests were among student prot

let's go to our asia business hub tojoin the bbc�*s resident yen geek, mariko oi, because, mariko, thepan is partly because of the japanese currency, isn't it? it isa it is a bit ofa it is a bit of a bloodbath today. the decay as you mentioned opening 7% lower and more crucially they are actually down by more than 15% in three sections —— nikkei. if confirmed at the end of today, biggest three—day funds in 2011 when the country was in the earthquake that triggered a meltdown at the nuclear power plant. concerns over the world was my biggest economy after that week jobs was my biggest economy after that weekjobs number, for japanese investors, is very much caused by that sudden jump in the value of the japanese yen. as we discussed last week, the bank ofjapan has raised interest rates for the second time this year 0.25%, which is still very low compared to the rest of the world but it was enough to prop up the value of the japanese currency. this is exactly what the japanese authorities actually wanted because they said the yen was getting too weak, and that was making the host of impor

the bbc�*s mariko oi has the details.ank ofjapan raised the borrowing cost, japan's has lost more than 7300 points in the last three sessions. all the last three sessions. all the gains for this year have now been wiped out, including how it reached its all—time high of more than 42,000 just last month. let's look at why. higher rates have pushed up the value of the japanese currency, and even though that is what the authorities wanted, the more expensive yen means goods sold overseas are more expensive as well, herding profits over the country's exporters. a stronger yen also affects a popular trading strategy, a carry trade come investors borrow money in our country with low interest rates, in this case japan and then reinvest that money somewhere else for a higher return. borrowing money in the yen to invest elsewhere has been very popular as investors bet japanese interest rates would remain at rock bottom. a new factory in japan's stock market individual investors until recently, people injapan have tended to keep th

act operates brands such as circle k in markets across the world. 0ur asia business reporter mariko 0igs before the offer was announced and explained what made 7—eleven so attractive. japan's seven & i holdings operates the country's biggest chain of convenience stores, 7—eleven, which boasts a global empire of 85,000 stores across 20 countries and territories. that's about twice the number of stores than mcdonald's or starbucks, which makes it an attractive target for canada's alimentation couche—tard, also known as act, which operates brands such as circle k. in comparison, they have about 17,000 stores in 31 countries and territories. now, the canadian firm does have a much biggerfootprint in europe because despite 7—eleven�*s huge footprint here in asia, there are only about 300 of them in europe. and that's something the boss of seven & i holdings told me that he wanted to address by expanding rapidly, including returning to the uk. of course, that was before he received this buyout offer, which sent the company's shares rising by more than 20% on monday, giving it a market value

the president of seven and i holdings ryuichi isaka has been speaking to the bbc�*s mariko 0i.in singapore, and here their local speciality is this biryani. it varies depending on country. born in the us, originally to sell blocks of ice and daily necessities in the 1920s, the japanese—owned chain now boasts a global empire of 85,000 stores. that�*s about double of mcdonald�*s or starbucks. this is the man who�*s in charge of the empire, ryuichi isaka, and he wants to expand it even more. we have more stores than mcdonald�*s or starbucks, but mcdonald�*s operates in about 110 countries and starbucks about 90 countries. so we�*re accelerating our overseas expansion. in april, we completed the acquisition of 7—eleven australia and its 750 stores. we�*re also big in asia. meanwhile, we only have about 300 stores in europe, right? so i�*m in bangkok. and there�*s some serious obsession with japanese convenience stores drawing the patronage of celebrities. and while 7—eleven operates in many countries, most customers say their stores in japan rule them all because of the fresh food

prior to the canadian offer, mariko oi caught up with the company's boss, ryuichi isaka and asked aboutick—tock in thailand. 7ii's toasty. at 711 in singapore, the speciality, born in the us, originally in the south and daily necessities in the japan now has the global empire that is double mcdonald's or starbucks. this is the man in charge of the empire. he wants to expand it even more. we have more stalls _ to expand it even more. we have more stalls than _ to expand it even more. we have more stalls than mcdonald's - to expand it even more. we have more stalls than mcdonald's or i more stalls than mcdonald's or starbucks but mcdonald's operates on 110 countries in starbucks about 90 countries. and so we are working with the expansion and we have completed the acquisition of 7—11 australia and at 750 stores. we are so big in asia and meanwhile, will have about 300 stalls in europe. find meanwhile, will have about 300 stalls in europe.— stalls in europe. and there's some serious _ stalls in europe. and there's some serious obsessions - stalls in europe. and there's. some serious obsessi

our asia business reporter mariko oi spoke to the boss of seven & i holdings before the offer was announcedjapan's 7—eleven holdings operates the country's biggest chain of convenience stores, 7—eleven, which boasts a global empire of 85,000 stores across 20 countries and territories. that's about twice the number of stores than mcdonald's or starbucks, which makes it an attractive target for canada's alimentation couche—tard, also known as act, which operates brands such as circle k. in comparison, they have about 17,000 stores in 31 countries and territories. now, the canadian firm does have a much biggerfootprint in europe because despite 7—eleven's huge footprint here in asia, and that's something the boss of seven and i holdings told me that he wanted to address by expanding rapidly, including returning to the uk. of course, that was before he received this buyout offer, which sent the company's shares rising by more than 20% on monday, giving it a market value of $38 billion. if this deal was to go ahead, it would be one of the biggest foreign acquisitions of a japanese firm. but seve

mariko oi, in our asia business hub, has been explaining why we saw this gigantic sell—off in tokyo.s been a total bloodbath today. from japan, south korea to taiwan, shares fell sharply, the nikkei 225 ending the day 12.5% lower. it's the biggest point fall in history. bigger than covid, bigger than that huge earthquake that hit the nation in 2011. bigger even than black monday of 1987. now, forjapanese investors, their biggest concern is the sudden jump in the value of the japanese yen. as we discussed last week, the bank ofjapan, the country's central bank, raised interest rates for the second time this year to 0.25%, which is still quite low compared to the rest of the world. but it was enough to prop up the value of the japanese currency. now, the stronger currency is exactly what the japanese authorities wanted, because they said the yen was getting too weak and that was making the cost of imports for things like fuel and food more expensive. but as a nation of exporters, the stronger yen also makes japanese products more expensive abroad, and that's why their shares have been

mariko 0i has the details.rise, as many people were expecting mr kishida to seek re—election next month. but despite many analysts crediting him for his achievements in foreign policies, his popularity rate has been quite low for some time. in fact, it hit 15% last month and the reason is the economy. firstly, for a country that hadn't experienced inflation in many decades, prices started to rise and the public didn't like that. of course, that was not necessarily mr kishida's fault because it was caused by external factors like the war in ukraine, but he also didn't use it to take credit that he was the leader who's managed to beat decades of falling prices known as deflation. and secondly, he was the one who appointed the new governor of the bank ofjapan, kazuo ueda. and as many of our viewers remember, he raised the cost of borrowing several weeks ago, which resulted in that market meltdown. again, many government officials and economists have said that the cost of borrowing needed to go up because keeping i

discover the magic of mariko only at living spaces. >> living spaces koitere to take 30% off your air duct cleaning. >> did you know your air ducts should be cleaned every 3 to 5 years? and that koit has been the leading air duct cleaning expert for over 30 years. our certified technicians remove dirt, dust, and allergens to improve air quality and system efficiency. save 30% today. call 804 covid or scan the qr code to schedule your appointment. the people who you trust trust court >> you're watching abc seven mornings live. >> good morning to you. we're starting off a whole new half hour and kicking it off with the weather meteorologist, lisa argen. >> yes. how are you? hello. we are looking at a pattern that we're going to be settling into for the next couple of days. even the week ahead, with our study. onshore flow of the gray sky to start the sea breeze throughout the afternoon. it is 64 with some sun in san jose, but a cool 54 san francisco mist and drizzle at the coast. and there's a look at a brighter view of the south bay. we've got mid 60s by the delta. it's breezy, the win

mariko oi joins us live from our asia business hub. what is going on?hat is going on? i was so disappointed i _ what is going on? i was so disappointed i did - what is going on? i was so disappointed i did not - what is going on? i was so disappointed i did not getl what is going on? i was so i disappointed i did not get to talk to you yesterday. i know you had breaking news, buti was so excited the bank of japan decided to raise rates, not the fact they raised rates but it shows the bank of japan is trying to return its monetary policy to something closer to global norms and it also shows they think the economy is ready for higher rates. i was actually playing this, her gong across bbc radio. can i play this? there you go. a gong. the n has been rallying, especially after the central bank governor said he was ready to raise rates even further. the currency hitting 148 against the us dollar. —— yen. not long ago we were talking about 160 against the dollar. this is what authorities and business leaders wanted because the yen was getting too weak but as

joining me live from singapore is the bbc�*s mariko 0i, who is tracking the opening of the japanese marketsing. it looks like things are better this morning after yesterday was my drop which was the worst since 1987. what more are you reading into that? i since 1987. what more are you reading into that?— reading into that? i think it is fair to — reading into that? i think it is fair to call— reading into that? i think it is fair to call it _ reading into that? i think it is fair to call it crazy - is fair to call it crazy volatility at the moment especially on the japanese stock market. yesterday a circuit breaker was triggered because shares fell sharply, thatis because shares fell sharply, that is where trading gets suspended and this morning trading was suspended because shares were rallying too much. japan's nikkei opening 7—8% higher. we cannot exactly call ended recoveryjust yet but definitely rebounding strongly. definitely a sigh of relief especially in japan definitely a sigh of relief especially injapan where there are many more retail investors today compared to the other market

the president of seven & i holdings ryuichi isaka has been speaking to mariko oi, who asked him aboutthe sensation on tiktok in thailand. 7—eleven's toasty. i am at 7—eleven in singapore and here they local speciality is this area it varies depending on countries. born in the us originally to sell blocks of ice and daily necessities in the 70s, the japanese owned chain now poses global empire eddey 5000 stores, about double mcdonald's or starbucks. this is the man who is in charge of the empire. ryuichi isaka. he wants to expand it even more. translation: expand it even more. tuna/mom- expand it even more. translation: ~ ., ., , translation: we have more saws than mcdonald's _ translation: we have more saws than mcdonald's or _ translation: we have more saws than mcdonald's or starbucks. - than mcdonald's or starbucks. but mcdonald's operates in about hundred and ten countries. starbucks about 90 countries. starbucks about 90 countries. we are excel reading overseas expansions. in april we completed an acquisition of 7—eleven australia and its 750 stores. we are also big in asia. mlb

joining me live from singapore is the bbc�*s mariko 0i, who is tracking the opening of the japanese marketst is a better morning in terms of the markets there. what is the reaction and feeling about that? absolutely. it is definitely _ feeling about that? absolutely. it is definitely a _ feeling about that? absolutely. it is definitely a much - feeling about that? absolutely. it is definitely a much better. it is definitely a much better day. what a rollercoaster ride it has been forjapanese investors. shares recovering strongly, notjust injapan but in other markets such as korea and taiwan as well where we saw and taiwan as well where we saw a shop fall yesterday. the japanese market was up by more than 10% at one point after the 12.4% fall yesterday. yesterday was the biggest points fall in history and today we are headed for, possibly, the biggest daily gains of extreme volatility and definitely not for the fainthearted.- for the fainthearted. what about other _ for the fainthearted. what about other markets - for the fainthearted. what about other markets in . for the fainthearted. what

mariko oi has the latest from our asia business hub for us. what's going on at the moment?t a roller—coaster ride it has been for those japanese investors. shares recovering strongly. the nikkei 225 up 10% after yesterday's fall of 12.4%. yesterday was the biggest points fall on record, and today, we're headed for possibly the biggest daily rally in history. so extreme volatility and definitely not for the faint—hearted. there's definitely a sigh of relief among investors but it confirms the view of some analysts saying yesterday that fundamentals are strong, don't sell in panic, thatjapanese companies are doing well and the economy is quite resilient as well. of course, yesterday's sell—off was caused by the sudden jump sell—off was caused by the suddenjump in the sell—off was caused by the sudden jump in the value of the japanese yen. and it was dubed after the bank ofjapan after the bank of japan governor. after the bank ofjapan governor. we havejust after the bank ofjapan governor. we have just learned as well the central bank, the bank ofjapan, as well as the ministry

let's cross live now to singapore and our resident yen specialist mariko oi. lovely to see you. is singapore's national des so many people in the city— state are wearing red and white but i have kept my promise of wearing green until the markets are, and the nikkei is having an ok day, up about 1%. investors are grateful for this calm after a crazy week we have had. a reminder of the rollercoaster, monday's sell offs and the nikkei lower followed by a jump of over 10% and then a rise of over 1% to recoup all the losses. i think this i have been covering the japanese share markets for 20 years but never have i experienced anything like this. i think investors are glad the weekend is around the corner. and how is the bank ofjapan responding to the latest market shifts? some say the bank ofjapan blinked because after that surprise rate hike you mentioned last week, its deputy governor ruled out further hikes while the markets are volatile on wednesday which basically helped to restore calm. critics say they should have stuck to their guns because keep the cost of borrowing at zero

mariko oi has the latest from our asia business hub for us. what is happening injapan? you the numbers, can what is happening injapan? before i tell you the numbers, can i what is happening injapan? before i tell you the numbers, can i say what is happening injapan? before i tell you the numbers, can i say i'm what is happening injapan? before i tell you the numbers, can i say i'm wearing what is happening injapan? before i tell you the numbers, can i say i'm wearing green again. i might keep doing that until the markets stabilise. while it might be too soon to relax, it seems the markets are much calmer today. japan's neck a open flat to hire. we heard from the deputy governor from the bank ofjapan ruling out any more rate hikes while the markets are unstable so that has help to push upjapanese shares above 2% because their rate hike last week was the second move this year in 17 years, is what triggered the sale of after it pushed the value of the japanese currency higher and even though that is what the authorities wanted, the japanese yen to strengthen, the japanese

mariko oi has been coveirng the story for us from our asia business hub, as she recently spoke to then't it, because there is the possibility that the government may well step in here. absolutely, and the latest is i have just heard back from seven & i holdings who basically told me there is no update to the situation, but there has been a report in the financial times and the latest i have just heard back from seven & i holdings who basically told me according to that report one option was by applying for the same status as companies in the nuclear or semiconductor industries by arguing that convenience stores are so critical in events like natural disasters, and its role would be threatened by foreign ownership. as i said, seven & i holdings has not confirmed their split basically at the moment its takeover would only need government approval after a deal had been agreed, but if its status was to be upgraded, a foreign bidder would be subject to vetting by the japanese government. officially the company has set up a special committee to discuss the bid and they must follow the bid a

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discover the magic of mariko only at living spaces. >> living spaces. >> now from abc seven mornings.still on here at 859, but really no major issues. and i can say the same as you make your way across the span. things are a little under the limit here, but again, no issues as you make your way into the city. and then i'm going to leave you with the golden gate bridge. foggy as ever. but i keep on saying it. no issues. back to you. >> this morning we have some clouds and drizzle to get you going, but this afternoon, below average and the rest of this week we're going to have some minor warming now as we head along for the next few hours. today we're going to stay into the 50s to get going. this morning it looks like 54 for san francisco, san jose, just about 61 degrees. a little warmer there. but then by the time we're heading into the next few we're heading into the next few days, we're going to see a deja vu: it's live with kelly and mark. ♪♪ today, recording artist and star of the new film the deliverance, andra day.

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