i'm gene otani.ne of japan's biggest travel agencies, that is, is tipping that domestic travel will return to pre-pandemic levels this summer. jtb forecast between july 15th and august 31st 72.5 million people will take trips around the country with at least one overnight stay. that's on par with the level in 2019. the prediction is based on surveys, hotel bookings, flight reservations and other economic indicators. jtb says it expects the average person will spend 40,000 yen or about $280 on their trip. that's nearly 10% more than in 2019. it's also the highest amount since 1996 when surveys started. growing travel demand, price rises, and higher accommodation fees due to hotel labor shortages are all factors. and tokyo based bus tour company says it expects 60% more customers from july to september compared to last year. >> translator: the pandemic put many people off traveling. we hope more people will enjoy a variety of our tours as some of them are just starting up again this summer. >> hato bus

i'm gene otani. consumers in japan have been watching prices at supermarkets creep up.nd that has quickened the pace of increase in the overall consumer price index. the internal affairs ministry says the cpi excluding fresh food in june was 3.3% higher than a year earlier. the margin of increase was slightly larger than in the previous month. many food items were slapped with bigger price tags, causing that index to soar last month from a year earlier by 9.2%. fresh items are excluded because they vary widely in price based on the weather. the increase in may was the same and was the biggest in over 47 years. the price of eggs jump by more than a third. carbonated drinks and hamburgers were both up about 17%. but energy prices actually went down due to government subsidies. electricity bills fell by more than 12%. japan's cpi for all items in june was also up 3.3% from last year. the same index in the united states slowed to a 3% rise last month after reaching a four-decade high of 9.1% a year ago. now inflation in japan is outpacing that of the u.s. rising utility cos

. >>> turning to baseball, otani continues his assault on the home run record.ting his 39th homer for the angels on friday night. he had 3 home runs in 3 at bats over the last 2 games. he left this one in the 9th inning with some leg cramps. second straight game he left with cramping. angels ended up losing. they lost 4-1. otani has a legitimate chance to break the home run record in the american league that he set last season. he's on facpace for 62 home run which would tie that record. it's just incredible what he's doing because he's hitting all these home runs and also pitching every five days. >> truly we are going to enjoy watching him for years to come. thank you so much. >>> and to another phenom, they call him thor, although this man does not have a superstar. christina mcfarland explains. >> it's home sweet home for the first time in a decade for this danish traveler. also known as thor. >> congratulations. >> thank you very much. >> seeing his father for the first time in ten years, embrace ing his wife and relatives after completing what he calls a t

pete: show hey otani. unfortunate error that sealed the loss for the astros, i don't know if we will show it. here comes the winning run. say good night to the astros. 13 - 12, l.a. snaps a 13 losing streak my kids will make fun of me. i got this golden state warrior star steph curry after hitting a hole-in-one at the championship. >> it's obvious he can really play. >> right at it if it gets there. how about that. >> are you kidding me. >> look at that his second career he's on top of the leaderboard under board as a final round starts today. pete: if you did that on camera and then on national tv. >> he is a gamer. pete: we enter introduce you to a young boy from wisconsin take the grand prize in the mullet championship kids division. >> admits, you won a couple thousand dollars, what are you going to do with the dough? >> i'm going to buy a go kart. >> if you have a go kart aren't you going to have to put a helmet on the beetle hair. >> yeah but the locks will stick out the back. kayleigh: his mullet is

. >> ohtani said all right, show hey, otani had himself a day. i feel like i say that one pretty often nowadays comes out in the first game of a doubleheader against the tigers. ohtani threw a complete game. one hit shutout. it was his first-career major league shutout as the angels got a 6, nothing win. in the second game of the doubleheader, let his bat do the talking show, hey, 2 for 3 with 2 homers in 3 rbi. >> angels 11 to 4 win the homer. >> we're number 37 to 38 on the season. he the first major leaguer to ever pitch a complete game shut and hit at least one homer in the day. >> angels have won 4 in a row and 8 of their last 9. they're just and a half games. back of that final wild card spot. homers he just continues to impress. but back to our future story that will air tonight tr romero school. we actually had her older sister. >> on our air like 3 years ago, 4 years ago. still, we had that show bay area sports night. just committed to pepperdine. now she's an all-conference golfer at pepperdine sisters playing well, her brother is going

i'm gene otani. japan has announced it will work with india to strengthen the semiconductor supply chain. it is part of an agreement the two countries reached to increase economic cooperation. japanese industry ministry announced the details at an event in new delhi. he said the two countries will increase the exchange of resources as part of the measures. >> translator: there's a lot of potential in cooperation between india, which has excellent human resources and japan, which excels in manufacturing equipment and materials. >> he said the countries will work together to establish a basis for semiconductor production. the agreement covers other areas including steel. the countries say they will work together to cut carbon emissions from the production process. >>> japan has cut its outlook for real economic growth in this fiscal year through march citing slowing exports and other factors. the cabinet office says it expects gross domestic product in real terms which is adjusted for inflation to expa

i'm gene otani.apan's real wages fell in may for the 14th straight month as inflation continued to outpace salary gains. preliminary figures from the labor ministry show that inflation adjusted wages dropped 1.2% in the month from a year earlier. the number is from a survey of more than 30,000 businesses nationwide with at least five employees. workers in may earn an average of a little over 280,000 yen or about $2,000 including overtime. that's up 2.5% from a year earlier as the results of this year's labor management talks showed up in peoples wages. the japanese trade union confederation says employers at this year's wage negotiations offered an average monthly hike of 3.6%. that's the biggest increase in 30 years, but the higher wage trend has yet to catch up with price increases. labor ministry officials say the decline in real wages has narrowed and that they are watching to see if the trend leads to gains. >>> meanwhile, japan's consumers responded by cutting back. household spending fell in m

tom: it is like otani.i got out of that as a complete amateur, they cannot see the track. jonathan: limited vision. tom: i was unaware of that. jonathan: looking forward to the conversation coming up in a moment. i am loving your interest in formula one. equity futures, negative .01% on the s&p. job support around the corner, the >> we continue to believe that we are going to see a global economic recession. >> the hard landing is on the radar. >> i do think the fed will continue hiking rates. >> it will take a lot to derail a hike. >> our inflation forecast is strong enough on the downside that they do not need to hike again. announcer: this is "bloomberg surveillance" with tom keene,. then pharaoh, and lisa abramowicz. jonathan: it is payrolls friday. this is "bloomberg surveillance" on tv and radio alongside tom keene. i am jonathan pharaoh -- jonathan ferro. the number we are looking for is 230,000. in the previous month, 339,000. the estimate is creeping higher after dominant numbers we saw yesterday.

. >> shohei otani had himself a day. i feel like i say that pretty often nowadays in the first game of a doubleheader against the tigers. threw a complete game. one hit shutout. no big deal. it was his first-career major league shutout as the angels got a 6, nothing win. got a couple of hours later in the second game of the doubleheader. the latest bat do the talking. he went 2 for 3 with 2 home runs 3 rb eyes as the angels won 11 to 4. the homers number. 37 38 on the season. he had the first major leaguer. pitch. a complete game shutout and hit at least one home run in the same day. angels watch out. they've won 4 in a row and 8 of their last 9. they're just 3 and a half games back of the final wild-card spot. some college news after 13 seasons in the pac 12, the university of colorado have decided to return to the big 12. the buffaloes will be returning to the conference. they helped build over 40 years ago with ucla and usc leaving to the big 10 2024 that makes 3 major schools leaving the conference next year. not gre

alright, shohei otani had himself a day. feel like i say that all the time in the first game of a doubleheader against the tigers. ohtani threw a complete game. one hit shutout. no big deal. it was his first-career major league shutout as the angels got a 6 to nothing win and in the second game of the doubleheader, it is back to the talking. went 2 for 3 with 2 home runs 3 rbi as the angels. one, 11 to 4 home runs number. 37 32 on the season. he's the first major leaguer to ever pitch a complete game shutout and at least one home run in the same day, angels have won in a row and 8 of their last 9. look out there. just 3 and a half games. back of that final wild card spot. i bet they're happy. they did not treat him. all righty. that is your look at sports. back to you guys. he'll finish the season with the angels. but >> the nba free agent, maybe the giants grab show, wouldn't that something think taylor swift is big here. get the show. hayes. anyway, taking a live look outside here at the golden gate bridge on a cool thursd

who is going to get otani? did the dodgers just pick him up? day one they pay for it?tha: i wish i had the answer to that question. [laughter] tom: ok. prep next time. come on. [laughter] jonathan: geetha ranganathan. we will catch up with her later this morning. netflix up 62% through the close yesterday. we mentioned hulu. i just brought up my credit card statement. tom: this gets john cowan. jonathan: $82.99. tom: ridiculous. i have youtube tv, and every single day i look in the house at how no one is watching it, and i'm like, how can i get rid of this? off the top of my head, $56. jonathan: paramount, $4.99. tom: add it up. it makes comcast 20 years ago look cheap. i don't get peacock. jonathan: peacock, $4.99. that is going up. tom: it is an outrage. coming back, we will look at our food expenses, the barbies. jonathan: we need a bundle. ♪ back in the day, sneaker drops meant getting online to wait in line. now with xfinity mobile... ...we get the fastest mobile service and can get the freshest kicks asap. i got this. save hundreds a year over t-mobile, at&t and

. >> i hope that wasn't the otani money. you know what he might make?> you watch him swing a bat it's like almost poetry. >> people say he's greater than babe ruth was. >> a little less than 90 minutes and from the opening bell on wall street. mike santoli joins us. does it hurt you you're not on in the 6 and the 7, mike do you want us to make that happen if you can make that happen >> you think you can pull that off? >> i can do that >> i wouldn't say it hurts me but sometimes i feel like i'm behind, i need to catch up on a lot of the themes of the morning. >> he's there at 6, just -- >> exactly we can talk about that but, you know, let me first take a glimpse at where we are in the market, joe. you mentioned yesterday's action, the dow up straight nine days a certain part of the market looking slightly extended. it's a pretty nice trend cru cruising altitude for the s&p. the nasdaq grudging 2% lower we have a big option today i have it against the 50-day average here which it's getting a little bit of air underneath the index relative to that 50 day.

tom: i said to julie on twitter yesterday, pick up a otani from the angels and make this good. lisa: just upset the subject a little bit. jonathan: a little bit. don't offend them so much they won't come back. tom: did dwyer you ok? jonathan: equities right now positive .3%. ♪ the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com oh, booking.com ♪ somewhere, anywhere... ♪ ♪ i just want to lie motionless in a chair! ♪ booking.com, booking.yeah ♪ ♪ >> we have great news today that inflation has been cut like two thirds, so my message is take yes for an answer, chair powell, and let's stop with rate increases. done. jonathan: done. senator warren of massachusetts catching up with the team yesterday afternoon on "bloomberg politics." you should tune in later on in the afternoon. guess what? apparently they are not done. morgan stanley said they are g