that would affect how all of northeast asia. prime minister noda has ordered his government agencies and ministries to find out what is really going on in the country. the japanese police and self-defense forces are on the alert just in case. >> what could happen if the transfer of power is not successful? >> well, one possibility is that the north korean military could make some kind of move to take power. kim jong un made his first official public appearance last year. but he still lacks authority. controlling the powerful military won't be an easy job. another possibility is that some kind of citizen revolt. north korea has food shortages and a low standard of living. people in the country are not really happy. if any kind of revolt happens in the country, north korean refugees could flee to china, south korea and even japan. so far there have been no such report of confusion. but the japanese police and self-defense forces are on the alert, just in case. >> what impact could kim's death on security in northeast asia as a who

it's in the heart of northeast asia. and let us remember that we have major economic interests in northeast asia. you take japan, you take south korea, both of whom are key allies of ours, you take taiwan, you take a big part of china, you take some of russia and that constitutes about 20% of the world's gdp. and when you have these kinds of international incidents and you have a crazy regime that starts lobbing short-range ballistic missiles into the yellow sea, it disrupts the flow of trade and commerce, it impedes economic growth in ways that hurts our country. our objective is to get this economy back on its feet. that's what i want to do as president. we have a lot of exports that go to northeast asia. and that means when you have these kinds of incidents, there's an economic reverberation. and i think that's what we need to be looking out for. therefore, our objective in the region needs to be stability. we need to be working very closely with south korea and with japan and in consultations with russia and china, a

>> china is the most important factor in the northeast asia.hina is the biggest supplier of aid, food, and energy. china is one of the most important status quo powers in this situation. most of thehe couries that form the six-country talks are status quo powers. nobody wants to really big change on the korean peninsula because they all have an interest in stabilizing the regime on a level maybe below the nuclear threat. >> do you think relations between the west and north korea will improve? >> there are signs that kim jong il tried to sort of get some new contacts to moscow this year. he tried to have some energy supplies in from russia. this might lead to a kind of policy -- kinder policy toward the south. a gas pipeline to north korea would be a very interesting project, even for seoul. >> thank you very much for the analysis. that was our "in depth." thanks for watching.

the south korean wan fell by 1% for northeast asia. but in new york, the dollar/yen traded back at the lower 78 lowers. analysts say many market participants are refraining from active trading as they want to see how the situation unfolds in north korea. now, as for equities, tokyo stock prices are showing a modest rebound this tuesday morning. the nikkei is currently trading at 8,349. that's up a little over 50 points. a gain of .6 of a percent. we are seeing gains of a half percent on the broader topix as well. taking cue from relative statement in overseas market as the death of the leader had a limited impact on sentiment. the upside is capped as many participants are holding back from active trading to see how the power succession will take place in the reclusive state. now to currencies. on the tokyo foreign exchange, the dollar is moving in the lower 78 yen level this morning as they watch developments following kim jong-il's death. the u.s. currency against the yen is at 78.02-07 while the euro against the yen is at 101. the yi

japan needs to do studies on the northeast asia situation. with more forsight. >> he said japan's intelligence services need more money and personnel to do their jobs properly. >>> the families of japanese people abducted by north korea want the government to take advantage of the change of leadership. they want the government to get their relatives back. the relatives and supporters held a rally in tokyo as north koreans attended kim's funeral. representing the families, he says that the government should act now instead of just watching the situation. >> translator: this is a time of great change and should be taken as an opportunity. >> his daughter was abducted in 1977 at age of 13. >> translator: i believe that japan needs to identify the stance of north korea under its new leader. only then will the government be able to restart negotiations, which might create an opening to resolve the problem. >> his wife said japan should tell north korea to ensure the abducties safety. there is express optimism about the change in leadership. others

smooth succession, because they don't want to see any turmoil in north korea that would affect northeast asia. prime minister noda has ordered his government agencies and ministries to find out what is really going on in the country. the japanese police and self defense forces are on the alert in case. one possibility is that the north korean military could make some kind of move to take power. kim jong-un made his first official public appearance last year, but still lacks authority. controlling the powerful military won't be an easy job. another possibility is some kind of citizen revolt. they have low standard of living. people around the country aren't happy. if any revolt happens in the country, north korean refugees could flee to china, south korea and even japan. so far, there have been no such reports of confusion. one of the biggest security issues is north korea's nuclear program. japan, south korea, united states, china, russia, north korea have held so-called six party talks on this issue. the discussions have been on hold three years because of acts of provocation and for the mis

not to mention that northeast asia is soon to be home to about 20% of world's gdp.opportunity for the united states. our experts go there. those skpoerts exports create jobs here on home front. >> let me go to the middle east right now, egypt. i don't know if you saw this video but it is so troubling to me. a young woman beaten. look at this picture. they ripped off her clothes. these ajipegyptian police and t literally started stomping on her stomach and dragged her away. this picture has become an iconic picture. if you were president right few, what would do you about what is happening on streets of cairo. god knows it is pretty ugly. >> we have values in this country and we should be standing tall for the values that we project to the rest of the world. i among them, liberty, democracy and rights of the people. the president should be using the pulpit in terms of that. the winds will blow in the middle east and we should be careful about who we line up with. it could take years before we know what countries and pluks will be. wh whether it is tunisia, or egypt.

entering into a period of instability, nobody knows, that is biggest risk that we face, not just the northeast asia but around the correlated world. it's very important that we keep that uppermost in our mind. i think it's important not to look at this simply as a risk. although it is, it's also an opportunity. we could have been preparing to talking to the chinese about what our real objectives and that reunification of the two koreas. >> greta: what is funny to me they learn about it from reports the death of kim jong-il. i'm stunned that our intelligence is so poor, we learned about it from from korean news organization. we were caught asleep at the wheel. so it's like we had a great opportunity to prepare for this. now, we're acting like, oh, wow, what a shock. >> i think we failed for a number of years to get ready for the implications of his death. if a period of instability does ensue, not only is there the risk of nuclear weapons coming loose, being sold, but the people of north korea themselves decide it's time to get out of dodge. there could be massive refugee flows to the south. >> gret

you'd have a large chunk of the international marketplace, northeast asia which combined is 20% of the world's gdp when you look at japan and russia and south korea, very important market for the united states. our exports there. we create jobs, they invest in it's. when you have reckless regime as north korea it stops commerce, when commerce is impeded that place right back plays back to our own economy. we can't get our products through. important for the united states to maintain a dialogue with our allies, south korea and japan, no blue sky with what we're doing and maintain a deep dialogue with russia and china because they have interests, as well. they also want security. we want trade to prevail and number two we want to make sure there are no loose nuclear weapons. >> shannon: absolutely. >> great to be with you. >> shannon: coming up, it's not over yet. president obama set to ask for a debt ceiling increase. are we headed for not show down on capitol hill. also big news, looks like the gop presidential field is about to get smaller. one candidate is expected to drop out. that

and a director of the northeast asia projects and the u.s. institute of peace.bara, when you see that outpouring of emotion, is it real? >> only in part. i've talked to many people who are at kim il sung's funeral in 1994. and what they describe is a situation where you just get swept up away by the crowd. if you're around people coughing, you could have. and if you're around people crying, you cry. many people, including people on camera have told me how they were required to fake it or they thought their political loyalty would be questioned and their whole family would be downgraded in social status. so i think sometimes the people themselves don't know if they're crying for real. >> and john, why did the line of succession go to kim jong il's youngest son? >> well the speculation, anderson, is that if you look at the eldest song, kim jong nam, there was an episode where he tried to sneak into japan to go to tokyo disneyland and that's credited with the main reason why he perhaps is not fit for succession. >> sorry, he tried to sneak into japan to go to tokyo

we had prepared more but if we handle it well now, the prospects for a fundamental change in northeast asiare presented by kim's death. >> right. gordon chang, do you think things can fundamentally change, though, with kim jong il's son un at the helm? >> well, i actually think that kim jong un is going to really play it safe for the next two or three years at least. got to remember that kim jong il took three years to actually assume his father's post after his death in 1994. and that's after 20 years of kim il song preparing the way. kim jong un is in a very unusual position, he'll be scrambling against the very elements of the military and security services as well as the korean workers party to put together some coalition. he's just going to have to stitch it together. >> ambassador john bolton, a moment ago you said as we look at some of the images of kim jong il who reportedly died on saturday on a train of fatigue after a long bout of heart problems. do you think the -- you touched on the people of north korea might actually be a little better informed on what's going on in the world

this is because of the relatively short distances to major northeast asia markets. and future economic growth. and because of increasing ownership interests by chinese companies especially in the oil sands production such increased capacity would alter the trade patterns. canadian crude would be, quote, lost from the usa going instead to asia. there they would displace the world's balancing crude oil, middle eastern and african predominantly which would move to the usa. the net effect would be substantially higher u.s. dependency on crude oil from those sources versus the scenarios where the capacity to move canadian crude to asia was limited. so, we have. and i would ask you do you share this analysis that the canadian oil in these words could be lost to china? that is there quote. >> that is a concern, and again from our broad concern has to be can we better control our energy future and the resources we have available to us from canada? it is one of the critical paths we have to take going forward to again retain that control. spinet used in your testimony we hav

but as for the united states, northeast asia is probably 25% of the world's gdp. when you have a reckless regime like north korea, it impacts trade and impacts the flow of commerce and impacts our relationship with south korea, japan and parts of china and russia. we have an economic interest at stake and we must do whatever we can to preserve stability. that is coordinating with our allies, south korea and japan and ensure that we're in deep talks with russia and china to ensure, first and foremost, stability on the peninsula. second of all, to make sure that if there is some implosion of the nation state of north korea, that people have an eye on those nuclear weapons. >> always a good conversation. we appreciate your time, sir. >> thank you, jeff. >>> the latest on europe's debt crisis. >> this morning in italy things are getting better in the euro zone as alan pizzey reports. >> reporter: italian prime minister said a press conference that a package for italy was ready but the turbulent phase wasn't over yet and a lot of work to be done in spite of government

put a tremendous amount of emphasis on the two key assets in northeast asia, the u.s.u.s./japan alliance. when it comes to these 28,000 u.s. service personnel and their dependence in the korean peninsula, they're a very important part of this u.s./south korea deterrence stance. when it comes to the actual threat, though, northee area has a large force but it's detier yaited overtime. i think if there's sudden instability in north korea, what happens to the nuclear material? when it comes to the security of those components and materials, that's where i think the greater concern about the direct threat to u.s. national security comes in. >> what about -- and i'm peeking out of my eye because i'm looking at the white house daily briefing room. we're still waiting for that to p happen. what do you think -- here it is it -- should the obama administration, john, express condolences to north korea? >> i think at this stage there has to be a little more coordination specifically among the united states, south korea and japan when it comes to how they're going to move forward

as for the united states northeast asia is probably 25% of the world's gdp when you got a reckless regime like north korea it impacts trade and flow of commerce and it impacts our economic relationship with south korea, japan, taiwan parts of china and parts of russia. i say we have an economic interest at stake and we must do whatever we can to preserve stability. that is koongcoordinating are south korea and japan and in deep talks with russia and china to ensure stability on the peninsula and to make sure if there is some implosion of the nation state of north korea that people have an eye on those nuclear weapons. >> governor jon huntsman always a good conversation and we appreciate your time sir. thank you. >> thank you, jeff. >>> move to the latest on europe's debt crisis. >> this morning, in italy signs things are getting better in the euro zone as allen pizzey reports. >> reporter: looking very much the contented techno the prime minister told that a growth package was ready for italy but warned what he called the turbulent phase wasn't over yet and a lot of work remained to be do

this is not a northeast asia program. it is not an iran problem. problem and you need a global strategy to counter it. jenna: i have only 30 seconds, how best to create that global strategy? >> i think you need u.s. leadership. i think that is what it comes down to. looking for multilateral agreements against proliferation is pieces of paper. you need active american leadership. jenna: we'll watch the story. north cree as you mentioned was talking to syria and that is why the israelis came in and tried to intercede there. obviously did intercede with that happening with the nuclear weapons going back and forth. we do know they can reach the middle east. something we'll be watching. a scary time but interesting one as well, thanks, ambassador for taking a look at it with us. >> thank you. jon: there are new concerns using antibiotics to keep livestock from getting sick and losing weight. there is lots of concern that the antibiotics may be fattening up people. the doctor is here to give is the facts. christmas trees being adorned in homes across the

i was giving a talk on security interest in in northeast asia. foreign affairs committee in tokyo after my speech caught up, a wonderful japanese man, he said "for your service to the free world and for your remarks today, you deserve mucgh clap." that was all right. i appreciate the sentiment. it is an honor to be here today. whenever i say that i always think of the first commencement address ronald reagan gave. to it was to his all modern. he was there a few months after he was shot. ronald reagan came out. he thanked the president and the faculty for giving him an honorary degree. then he said it is wonderful to get an honorary degree from eureka college. i've always thought a first- degree was rather honorary as well. he said, i did not get great grades here. just the other night i was sitting on the truman balcony of the white house. it was a starlit night. nancy and i were sipping wine. to the right i looked and there was the lincoln memorial straight ahead. then there's the washington monument. toaid next week i'm going eureka college. sh

opens a new and potentially dangerous period of transition and instability for north korea and northeast asia. in september of 2010 he tapped his youngest son to succeed in, but it is not known whether his son will take control right away. 69 or 70 years old died from fatigue during a train ride, a weeping television announcer said. this is a story from maine ap -- the ap. our question for you this morning is what do you think of speaker boehner's news that he does not think the payroll tax cut bill can pass his body. we will get back to that and in moments, but first, some other news. this is how the white house reacted to reports of the death of kim jong-il. "we are closely monitoring reports that congenital is dead -- kendall gill is dead at." we are committed to freedom and security of our allies. joe from new york, new york. independent caller. caller: i think the speaker's move is absolutely correct. we don't need to go through this again in the middle of january, start asking questions. all of those people who seem to think that the speaker is anti- obama, i think that if -- that obama

this is because of the relatively short great distances to major northeast asia were it and future economicth there. and because of increasing ownership interest by chinese companies, especially in oil sands production. such increased capacity would alter global crude trade. canadian kurds would be quote lost from the u.s.a. going instead to asia. they are they would displace the world's balancing crude oil of. middle eastern and african nominally overpack, which would in turn moved to the u.s.a. the net effect would be substantially higher u.s. dependency on crude oils from those sources versus scenarios or capacity to move canadian kurds to asia with limited. so we have a choice. and i would ask you, do you share this analysis

this is because of the relatively short marine distances to major northeast asia markets.of increasing ownership interest by chinese companies, especially in the oil sands production. such increased capacity would alter global crude trade patterns. canadian crudes would be quote, lost in the usa, going instead to asia. there, they would displace the world's balancing crude oils, middle eastern and african predominantly opec which would in turn move to the usa. the net effect would be substantially higher u.s. dependency on crude oils from those sources versus scenarios where capacity -- were capacity to move canadian crudes to asia was limited. so we have a choice, and i would ask do you share this analysis that canadian oil in these words could be lost to china? that is their quote. >> this is a doa report and that is a concern and again our broader concern has got to be, can we better control our energy future and the resources we have available to us from canada. it is one of the critical paths we have to take going forward, to again retained that control. >> you said i

[laughter] and about a year later i was giving a talk on northeast asia and the head of the foreign affairst up -- a wonderful japanese man -- after my speech he got up and he said, ambassador edelman, for your service to this free world and for your remarks today, you deserve much clap. [laughter] i told him, it was all right. of all the things the world, much -- of all the things in the world i wanted, much clout is not one of them. [laughter] i always think of the first commencement address that ronald reagan gave as president of the united states and it was at the eureka college. he was there a few months after he was shot and reagan came out and he thanked the president and the faculty for giving him an honorary degree, and then he said, it is wonderful to get an honorary degree from eureka college. to tell you the truth, i always thought the first grade i got was honorary as well. [laughter] and then he said, just, -- you know, i did not get great great year, but just the other night i was sitting on the truman balcony and it was a starlit night and nancy and i were sitting some wine.

northeast japan >>> it was a beautiful week. let's go to saki ochi. >> welcome to your weather update. let's get a look at conditions across asia in the southeast, we're looking at these bright, white clouds here popping up, there say little bit more activity going on. we actually have a tropical depression in the south china sea. it does remain well off and wanders and for the moment it looks like at least indo china peninsula staying largely dry. central vietnam may pick up a few light showers but nothing too major expected for the next 24 hours. the northern end of the philippines may see chances of heavier downpours throughout the day and we look at some showers also moving across taiwan as well as the southern islands of japan, but otherwise across much of china, the korean peninsula, and even the indochina peninsula stay dry as does japan, for the most part it is going to be looking at the quite a bit of sunshine over the course of today. it's just this northwestern flank here that will see moisture coming in off the sea of japan and that will be cold rainfall as well as snow, although it does look like it's going to tape

asia. this government is committed to doing all of those things. >> sir robert smith. >> mr. speaker, both in aberdeen in the northeastscotland and in norway, a considerable concern that vast regulations on offshore drilling for oil and gas threaten the gold safety standard achieved in the north sea. what happened last that make it easier or more difficult to get the qualified minority necessary to make sure those regulations are withdrawn and -- [inaudible] >> i don't think what happened last week will have any impact on that decision, because these are issues that are dealt with properly in the single markets and an organization set up outside the e.u. cannot cut across existing treaties or existing legislation. we should work very hard to make sure we get a good deal for the north sea. >> mr. speaker, those great former politicians both said that the single currency would fail, and they have been proved absolutely right. with the prime minister not accept that the choice in reality is between the controls the deconstruction of the euro or an uncontrolled crash? would he make his point to his european colleagues? >>

asia. this government is committed to doing all of those things. >> sir robert smith. >> mr. speaker, both in aberdeen in the northeastof scotland and in norway, a considerable concern that vast regulations on offshore drilling for oil and gas threaten the gold safety standard achieved in the north sea. what happened last that make it easier or more difficult to get the qualified minority necessary to make sure those regulations are withdrawn and -- [inaudible] >> i don't think what happened last week will have any impact on that decision, because these are issues that are dealt with properly in the single markets and an organization set up outside the e.u. cannot cut across existing treaties or existing legislation. we should work very hard to make sure we get a good deal for the north sea. >> mr. speaker, those great former politicians both said that the single currency would fail, and they have been proved absolutely right. with the prime minister not accept that the choice in reality is between the controls the deconstruction of the euro or an uncontrolled crash? would he make his point to his european colleagues?

asia. this government is committed to doing all of those things. >> sir robert smith. >> mr. speaker, both in aberdeen in the northeastof scotland and in norway, a considerable concern that vast regulations on offshore drilling for oil and gas threaten the gold safety standard achieved in the north sea. what happened last that make it easier or more difficult to get the qualified minority necessary to make sure those regulations are withdrawn and -- [inaudible] >> i don't think what happened last week will have any impact on that decision, because these are issues that are dealt with properly in the single markets and an organization set up outside the e.u. cannot cut across existing treaties or existing legislation. we should work very hard to make sure we get a good deal for the north sea. >> mr. speaker, those great former politicians both said that the single currency would fail, and they have been proved absolutely right. with the prime minister not accept that the choice in reality is between the controls the deconstruction of the euro or an uncontrolled crash? would he make his point to his european colleagues?