of course in japan, ntt and ntt docomo as we ntt get further news about the spinoff.g 6.1%, its rival file for an ipo. next, the ipo front and the latest. this is bloomberg. ♪ karina: this is daybreak asia. i'm karina mitchell with the first word headlines. china leaders meet next month to finalize the five-year plan as president xi prioritizes innovation and domestic demand. set october 26-20 nine for the central committee meeting to discuss goals for 2021-2025 as well as longer-term goals. include speculation whether president xi asked backs to power beyond his normal term. goods in the first eight months of this year was less than one third of the total target set for the air in the phase i agreement. beijing had promised to spend an extra 200 billion dollars on goods and services this year and next has managed barely 33% of the overall goal. soybean imports were under $4 billion by august compared with 14 billion in 2017. . the u.s. may put more sanctions on iran to further distance its economy from the outside world. sources that may target a dozen banks and labe

meanwhile ntt fell 2.9%.omo will be delisted from the tokyo stock exchange once the offer is completed. >>> the value of property slumped in japan. the land ministry says the coronavirus pushed down prices nationwide amid slowing economic activity and the absence of overseas tourists. a government survey shows that prices fell 0.6% overall as of july 1st compared to a year earlier. it was the first drop in three years. the cost of commercial land slipped .3%. the price of tourist destinations dropped, the capital used to be packed with foreign visitors. residential land values as a whole slid 0.7%. but the pandemic was also a factor behind higher prices in certain areas. the figure rose 1.4% in the 23 wards of tokyo. demand for single family houses in those areas is rising as more people switch to working from home. prices of industrial land also increased .2% as the boom in online shopping drove up demand for logistics facilities. >>> ministers from major economies have agreed to work toward establishing cle

ntt currently owns about 66% of the mobile carrier which is the most profitable part of the ntt groupsources say ntt has decided to take full control of docomo by acquiring the roughly 34% of out standing stock in the company. ntt hopes to gain more profit from the wireless carrier which has the most subscribers in japan. there is also an offer of corporatate telecommunications services. ntt aims to boost its competitiveness in the fields of 5g and other next generation communication. the move comes as japan's new prime minister says he wants to see lower mobile phone rates in the country. >>> like many businesses, the food service industry is looking for ways to cope with the covid-19 pandemic and cutting costs to the bone may be essential. but cooks are finding they don't need to pay f for a place they only use part of the >> reporter: the food is still sizzling when it makes its way from the kitchen to the customer. no time to waste. the restaurant is renting the space by the hour. at 7:00 in the morning an hour before opening, an employee sets out some decorations. then it's down

ntt data and ntt under pressure at the moment.na mitchell with the first word headlines. >> the house may vote on the virus relief package either as a bipartisan deal or democrat proposal. treasuryelosi and secretary steven mnuchin and have discussed the democrat's latest plan in the hope of striking a deal before the election. democrats are talking at least a $2 trillion program. president trump wants to keep it to $1.5 trillion. timeline will borrow almost $50 billion in the next fiscal year to boost stimulus and counter the economic fallout amid the coronavirus. the government approved the plan, which is down on earlier borrowing forecasts. it would push the public debt to gdp ratio to more than 7% among close to the legal limit of 60%. the uk's latest attempt to unblock brexit talks has been dismissed, they may struggle to reach agreement before a leader summit next month. the u.k. submitted new proposals on state aid, but eu sources they not enough progress has been made to enter the tunnel phase by the end of this week. bori

ntt has offered ¥3900 a share docamo and its board is in favor of ntt's buyout offer.hare price yesterday ¥2700, a substantial premium. ntt is going to paper do -- pay for docomo. coming up, the first presidential debate takes place tonight in the great state of ohio. next, we discussed the market risks in the lead up to the election with our guest william de vijlder. this is bloomberg. ♪ anna: 22 minutes past 7:00 in london and european futures look fairly flat, really, nothing in it. european equity markets made stunning gains yesterday, the dax up more than 3% yesterday. stateside, the first of three socially distanced debates between donald trump and joe biden takes place today in ohio. tens of millions of americans will get a close-up look at the republican and democratic candidates hoping to win the presidential election. let's analyze the market risks investors should be aware of as we head toward november 3 with our guest, william de vijlder, chief economist at b.n.p. paribas. the point it is difficult to call the result of a u.s. presidential election. what is

officials at ntt docomo will also beef up security members.obile m members wilill be reqe to send photos and other form of identification before they can resume using the service. nhk has learned that 34 users have had a total of about $94,000 stolen. ten banks were targeted. to use the service, customers must first register their personal and account information. they can make purchases and send money from their accounts linked to the system. >>> now a check on the world weather with our meteorologist tsietsi monare. hello tsietsi. the thick smoke from the wild fires in the u.s. is causing serious health issues for residents and animals. how bad is the situation? >> the situation is quite dire. there's been thousands and thousands of furs not just recently but over a long period of time. just this past week we have seen more fires burning up and becoming a lot more disastrous for people and animals alike across much of the west coast states. it doesn't look like any relief in sight in the immediate future, but maybe towards the weekend as win

mobile carries ntt dodocomo run docomo accounts.sers to link to their bank account so t they can use their smart phone to make purchases or transfer money. criminals exploited and linked it to other people's bank accounts. so far they'y've made more than0 withdrawals and stolen some $170,000. >> translator: these cases occurred solely because theid confirmation process for docomo accounts was not secure enough. we want to express our deepest apolologies to everyone affecte by this. >> the victims have no idea their bank accounts have been linked to docomo's service. one person lost more than $5,600. officials with the financial services agency have ordered ntt docomo to explain how the fraud occurred. >>> researchers studying the financial impact of the coronavirus pandemic have published grim new figures. they say since february at least 500 companies across japan have gone under. the researchers say the firms have either declared bankruptcy or shut up shop and started prepararing for lick decision. they say the pandemic has been p

if this happens and docomo becomes a subsidiary of ntt, it would be kind of the mother of them all.u joining us from tokyo with the latest on that deal. let's get to the business flash headlines. evergrande shares have been falling in hong kong after rising by 21% on monday. the property giant reassured investors about its finances. the world's most indebted developer issued a statement saying its operations are stable and healthy. evergrande has been exploring funding options to avoid a cash crunch. analystsose as reiterated bullish prospects after an investor day that reinforced perceptions of the potential for growth. bayer has an outperform rating, saying alibaba continues to see expansion opportunities, while jeffrey says buy due to user engagement. alibaba's investor event continues through wednesday. haslinda: taking a look at the market, asia consolidating despite the global rally. we know there are adjustments being made as we wrap up september. currentlyac index flat at 170. futures up by .3% ahead out the first presidential debate. u.s. stocks closed a rally on monday. we

past week reported a series of frauds using stolen bank details linked with the e-money service nt ntt docomo. users must register their account information. ten regional banks in japan had rereported impropoper cash withthdrawals. docomo offfficials believeve th obtainined illegal i informatio open a carrier account. they alleged the data was used to transfer cash from victims' bank accounts to the carrier acaccount. e-money frauds have risen sharply. cases of illicit withdrawawals from onlinene accounts totaled 1,872 last year. financial losses were around $24 million or about 5.5 times more than the previous year. >>> now, workers in japan may be looking beyond the pandemic. a new survey says their view of business conditions have improved for the fourth month in a row. one index fell and that was for restaurants. the months in the economy watch survey says sentiment rose up 2.8 points from the previous month. the poll covered more than 2,000 workers including shop staff and taxi drivers. retail showed optimism. but worries over the virus still affects the hospitality sector. air co