sumitomo mitsui will buy them at $2.8 billion. the comompany owns more than 30,000 freight cars. it's the sixth largest u.s. firm in its field. the bank of japan's negative interest rate policy is putting a squeeze on commercial banks. the purchase is seen as a way for sumitomo mitsui to diversify its profits. >>> cacars, boats, a and planes. these are the transportation modes we're most familiar with. now a company in the u.s. is working on a new technology that promises to revolutionize travel by transporting people and cargo at near super sononic speeds. nhk k world'ss rosa sabrino h he detatails. >> repeporter: thiss is whahat l could l look like in the not-too-ststance fufuture. first, you reserve your seat and settle intnto a smama p p at a nenearby station. then y you're shott throuough a at extremely high speeds to yr dedestination. the top speed is mororthan 1,000 kilometers per hour. meet t hyhyperlp, an entely new mode off transportatation. travavelers will l be ablee too from los a angeles to san francisco, a a disistance of ov 600 kilometers, i in around 30 minutes.s

mitt sue beeshy ufj and sumitomo mitsui gained almost 1.5%. oil refinery ideitsu and both companies managed to end the day higher. the european central bank is in focus on thurz. many investment support the bond. traders will also look from comment on the impact of italy's referendum on the euro zone. reporting from the tokyo stock exchange. >>> moving on to the markets of the asian pacific. the shanghai composit snapping three days of losses. hong kong up 0.5%. sydney's index also advancing almost 1%. 5478 the closing number there. the country's third quarter gdp contracted. that weighed on the currency but investors bought stocks and hopes for government stimulus measures. the jakarta composit down and the strong earthquake in the northern part of samatra island dampened sentiment with most sectors ending down. here's a look at some of the other business news we're following. >>> a key index of the japanese economy has risen for the second straight month. the coincident index for october rose to 113.9. the officials say the upturn is due to

mitsubishi financial group and sumitomo mitsui. i'm giang gnguyen. >>> sentiment was mixed. concerns about capital outflow to the u.s. still. the shanghai comp zt up by 0.2% finishing at 3,122. the index plunged on the week. worst weekly fall in eight months. the dollar remains stronger to emerging currencies. the people's bank of china set the midpoint rate against the green back at the lowest level in more than eight years. >>> the japanese government has held its first meeting to discuss an event that the prefecture of osaka hopes to host in 2025, the world expo that is. the meeting was attended by experts in related fields. they include professoror off ky univerersity who won a nobel pre for hihis studies. osaka governor explained the prefectural government basic concept of its plan expo 2025. he said the event would be held under the theme of the health of humanity and the challenge of longevity. some participants said issuess f poverty and famine should be included in the theme to win support from many countries, including developing nations. expos combine entertainmen

sumitomo mitsui, mitsubishi ufj ended lower. the federal reserve kicks off its two-day policy meeting. we may see a relatively calm day on wednesday. i'm phoebe amoroso. >>> investors across the asia pacific region traded cautiously ahead of the meeting. seoul closed the day down 0.3%. in china, the shanghai composite ended flat at 3155. investors remained wary of a crackdown on speculative stock trading by insurance firms. over in sydney, the s&p asx 200 index was down for the first time in six days, falling 0.3%. some traders booked profits from recent gains in energy and resource shares. >>> japanese scientists are teaming up with local firms to design a next-generation cancer treatment machine. the collaboration is betweenen research institute and others. thee project i is called quantu scalp scalpepel. >> transnslator: if we put quanm scalpel technolology t to pract use, then we could achieve a zero cancer death society, not only in japan, but in the whole world. >> the new device will use something called heavy particle be

sumitomo mitsui falling 4.6% today.re seen to have the highest capital exposure to toshiba, according to analysts. in the other direction, takata gaining 16.5% on news that a settlement may be underway regarding the airbag debacle. the company saying it is not the source of the report that it is theing settlements with u.s. department of justice related to its faulty airbag, saying there is no decision made and nothing that requires shares surging to the daily limit after that wall street journal report. that is asia today. very muchhank you indeed, right, let's have a look at china as it drops its target for trade growth, the second year they have done this, and all according to the state media reporting that authorities are downplaying this goal and the whole motion of goals. sherry and has the details. whole notion of growth targets, and it is interesting because the ministry just ended this key annual conference without a target for 2017, and they did not set a target for 2016 either, but what is interesting is how

financenister, manufacture, head of the house mitsui. political leaders killed. the warlords have been able to maintain their japan lies inn the educational system. education is compulsory in japan. 97% of the japs are illiterate. japanese school is not an institution for the development of the mind. it is a government-controlled to teachon designed only officially selected facts, and officially approved ideas. the object is to mass produce students who all think alike. to teach in the shortest possible time only the knowledge theskills necessary to make student an obedient, loyal divine emperor.ieve howchildren are taught only to do things. sponge, theyed give back the same water. teachers are trained only by the thosement and only fanatically loyal to the emperor are allowed to teach. divinee some of the thoughts hammered home every day. become sincere, only when they are offered to the emperor and the state! race has before it a great ideal, a great commission to assimilate the earth and universe. [cheering] >> thus, from childhood, the japanese are taught tha

prime minister inukai, finance thester inoyi,, the head of house of mitsui. 1936, four political leadersther-in-law shot. but the main reason the warlords have been able to maintain their vicious grip on japan lies in the educational system. education is compulsory in japan. 97% of the japs are illiterate. but the japanese school is not an institution for the development of the mind. it is a government-controlled institution designed to teach only officially selected facts, and officially approved ideas. the object is to mass produce students who all think alike. to teach in the shortest possible time only the knowledge and skills necessary to make the student an obedient, loyal subject of the divine emperor. the children are taught only how to do things. their minds absorb the efficient lessons like a sponge absorbs water, and like a squeezed sponge, they give back the same water. teachers are trained only by the government, and only those fanatically loyal to the emperor are allowed to teach. here are some of the divine thoughts that are hammered home every day. >> all will become sinc

prime minister inukai, finance minister inoyi,, the head of the house of mitsui. 1936, four politicaler's brother-in-law shot. but the main reason the warlords have been able to maintain their vicious grip on japan lies in the educational system. education is compulsory in japan. 97% of the japs are illiterate. -- literate. but the japanese school is not an institution for the development of the mind. it is a government-controlled institution designed to teach only officially selected facts, and officially approved ideas. the object is to mass produce students who all think alike. to teach in the shortest possible time only the knowledge and skills necessary to make the student an obedient, loyal subject of the divine emperor. the children are taught only how to do things. their minds absorb the efficient lessons like a sponge absorbs water, and like a squeezed sponge, they give back the same water. teachers are trained only by the government, and only those fanatically loyal to the emperor are allowed to teach. here are some of the divine thoughts that are hammered home every day. >>

they are going to sell it to smbc rail services, which is a wholly observed subsidiary of sumitomo mitsui bank. basically they are going to sell the fleet of 29,000 railcars. the price $2.778 billion. >> that stock up a %. >> the fact that we know that the rails probably have excess cars, if anything, and i am not sure that this wasn't just the beginning of what could be -- how about a japanese buyer. that's something? >> i recently looked at a deal in railcar leasing, and i came to the conclusion that excess cash went through all the q's of public companies trading, et cetera, and i think it's going to be a few years before it works out. carl is a good seller. >> have you guys been following the price of coal versus natural gas? natural gas going through coal. >> if you have a gentleman who just doesn't seem to be all that in favor of the epa, he says he is suing it, and you could be at this moment where none of the big utilities that are supposed to be converting to natural gas, well, we'll have to. >> in terms of spend, in terms of the plants, in terms of the approval process, the mone

rishaad: selling american railcars, in mitsui banking. close to $3rl billion including debts. after that, i cam will have the -- icahn will have the option to sell cards for half $1 billion. the bank of japan leading its last policy meeting of the year. none of the economists we surveyed expect any change. shery ahn, any chance of a christmas surprise from governor kuroda? y: none according to the 39 economists you mentioned. the consensus is that we are going to see no action this time around, but it is still a significant meeting. this is the first time the boj policymakers are meeting after we saw a donald trump president-elect. also, it the yen's plunge. trading near its weakest levels since february and the federal reserve rate hike last week. a lot of people are keeping an eye on what the boj governor haruhiko kuroda is going to say about bond yields and the state of the japanese economy. if kuroda expresses a sense of relief about the yen's weakness, he could reinforce the view that the boj would not add any more stimulus in a ne near future. comes withs future risk. ta