japanesese companies like hitac and panasonic will be involved in the planning. they'll be working with u.s. firms like general electric and intel. the groups from both countries plan to start the process as early as october. >>> japan's tourism officials are gearing up for the autumn sightseeing season. there's a lot of promoting to do and there's one event they can't afford to miss. china's international tourism expo. >> reporter: some are promoting exotic culture. others are offering a relaxing time. whatever the pitch, everyone is chasing chinese tourists. 55 countries and regions set up booths at the industry expo in guangzhou. it pulled in half a million visitors. japan has a high profile. some 20 local governments and businesses took part. a record number. >> translator: japan is a scenic country with great food. i'd like to visit. >> reporter: hot springs are popular. this exhibit featured a experience of authentic spring water. >> translator: it's warm and feels nice. my hands have got smoother. >> reporter: nanka electric railway joined the expo for the

panasonic rose nearly 3%. but higher oil prices are not good news for everyone. shares of major airline companies took a hit as the rising cost of fuel is believed to be squeezing profits both japan airlines and ana holdings ended lowewer. including the consumer price index and industrial production data both for last month. john ladue reporting from the tokyo stock exchange. >>> upward momentum spilled over across the asia pacific region. hong kong's hang seng index was up by 0.5%. singapore also up. in sydney advancing 1.09%. 5,471 at the closing. highest level in a month. the australian dollar also saw gains. moving onto china, the shanghai composite gained a fraction to end shy of the 3,000 mark. ahead of a week long holiday next week. >>> it seems nearly every week scientists announce a new development in the quest to create fully humanoid robots. japanese university researchers are the latest to take a step towards that goal. they've built a robotic arm that can mimic the subtle movement of human hands. takahiro nozaki oversaw the effort. his team used prec

pioneer, honda, panasonic all saw hefty gains. ramin mellegard, tokyo stock exchange. >>> moving on to other markets in asia. upper momentum from japan's spilled over into the region. kospi rose for a fourth day up by .5%. sidney added .7%. hong kong responded 23,669. highest finish in two weeks. gains in japan's financial firms encouraged investors to pick up banking shares. the boj's decision had limited impact on mainland china. the shanghai composited edged up by.10%. chinese premier said the country's economy is showing a steady upward trend. >>> executives at china's major steel makers say they are thinking about absorbing a smaller domestic competitor. it would create the world's second largest producer of steel. executives say they might take over wood iron and steel group both state-owned. chinese steel makers account for hahalf of global output. a pillar of the chinese economic reform is to encourage consolidation in the steel industry and lower production capacity. here's a look at some of the other businesess stories w

members represent the country's major firms, such as hitachi, ntt, and panasonic. the u.s. side includes general electric and intel. the two sides are expected to exchange memorandums as early as october. i.o.t. has the potential to dramatically change the way we live and work when it's used to connect factories with the products they make, data can be gathered for use in production management and development. the result would be higher corporate productivity levels. the japanese consortium has been conducting joint research on the use of iot, however, the u.s. and germany are leaders when it comes to putting the technology into practical use. the japanese and german governments have already joined hands in creating international iot standards. >>> the japanese prime minister says improving working conditions is a priority of his administration. shinzo abe has taken a step toward that goal by instructing a panel of experts to compile specific measures by march. abe assembled the panel members for their first meeting on tuesday. >> translator: reforming work style is a key o

we did a deal with panasonic, carving out -- we now have a 3 billion unit factory in osaka.did a deal in 2007 to bring wi-fi technology into our portfolio. we did a silicon valley deal to bring in power management. what we do is rather than selling parts independently, we integrate them into these elegant solutions. predator, what is the strategy? goal is to find acquisitions that augment our business, opportunities that play along the court of connectivity. can we round out this franchise and move that into iot? can we move into autonomous driving? we're seeing tremendous need for data and speed. emily: given the size of your sky works asou see a company that can afford to sit on the sidelines? guest: we are a significant player. every corner that we have not done a deal, we generate more cash. i do not think we are going to be on the sidelines forever emily:. half of your sales are going to apple and there is concern about saturation and apple particularly -- their place in the market, they are losing steam. how do you address that? guest: the high end of the market has be

panasonic think was a right decision to take but not necessarily a good decision to amplify in the futurehave to interrupt you, because with come to the end of our segment. thank you very much for joining us today. it has been an absolute pleasure. julie: still to come we hear from donald trump he will speak about his plan for the future of america's economy talking about a corporate tax cut. we bring you live. ♪ you are looking at a live shot of the economic club in new york city where donald trump will deliver a speech on his economic policies. we will take you to that event in just a moment but there are some headlines of the trump campaign manager released ahead of that speech including a plan to lower the corporate tax rate to 15%. also to lower the tax rate broadly for a number of different americans paying for that in part by cutting some government programs notably some at the environmental protection agency. mark: we're at the end of the thursday session, expectations for september u.s. rate hike fade. europe risingin today ending five consecutive days of decline which was the wo

we did a deal with panasonic, we carved out there high-frequency filter technology.now have a 3 billion unit factory in osaka. in to bring wi-fi 2011 technology into our portfolio. that has been a home run. we did a local deal here in silicon valley to bring in power management. what we do uniquely is rather than sell those parts independently we integrate them , into these elegant solutions. exactly what our customers want today. emily: if predator, what is the strategy? what is the end goal? liam: the end goal is to find acquisitions that augment our business. emily: like what? liam: opportunities that play along the court of connectivity. can we round out this franchise , and enhance that and move that into iot? kim emerged with some of these emerging opportunities like autonomous driving? we're seeing tremendous need for data and speed. and lower latency. emily: given the size of your company, do you see sky works as a company that can afford to sit -- can't afford to sit on the sidelines? liam: yeah, we are a significant player. $13 billion market cap. every cor

masonic raised -- panasonic raised -- it sold half in five-year notes in a yield of .9% -- 1.9%.woubishi are the only issuers to sell more than $4 billion worth of bonds in a single deal so far this year in japan. shares of twitter jumped after the cofounder said the company has to wait -- has to weigh all options. his comets come amid speculation that twitter is a target for neck position could revenue has been growing slowly and the stock is down more than 17% this year. that is your bloomberg business flash. guy? guy: 16 minutes until the market open here in europe. let's turn our attention to what has been happening in china. the official reading for factory activity at the highest level since 2015 dividing unexpected momentum. the index rose to 50.4. suggestions are that as a result pboc will not cut interest rates or the reserve requirements anytime soon. i think people are trying to decide whether this is a blip. let's find out. let's join tom orlik. tom is this a blip or something -- or can we take a trend on this? tom: i think you are right to question it. people tend to

panasonic has raised $3.9 billion in the biggest bond the nonfinancial company in japan this year.is the five-year yield note, 0.11%. and tenure security. to sell moreers than $4 billion worth of funds in a single gearless in japan. evan williams said the company had to weigh all options concerning the future. his comments come as twitter is an acquisition target. revenue growing more slowly than expected in the stock is down more than 70% this year. banking industry blocking people from lower income backgrounds, that is according to a report by a government body. the social mobility commission says half of the city of london's top bankers were educated at two schools even a less than 7% go to a private school. y in 10 went to nonstate schools. and that is your bloomberg business flash. anna: rosalind chin in hong kong. seth hasdilma grew lost, about to appeal the decision that has seen a replaced by her deputy, michel temer. manus: he plans to and the worst recession in eccentric. we are joined by a reporter who has been following the story. thanks for joining us. look, what will

the difficulty comes if you are elegy, company -- panasonic or lg, companies that primarily produce batteriespportunity to take advantage of this growth. it is a dangerous market. there is a gold rush going on for rechargeable batteries and when that happens, it is a great time to make a fortune but a great time to lose it, too. haidi: you have been warned. we are moments away from the opening of the markets in asia. we're also streaming live ♪ haidi: saudi arabia says there is no current need for a freeze as iran prepares to step up production even more. show some respect. talks after the filipino leader says he will swear at him. and, $.10 becomes asia's most valuable -- tencent becomes asia's most viable company, underlining the rise of private enterprise in china. welcome to "daybreak asia." let's get straight to the market here in the asia-pacific, where australia is coming online. the asx, here's what we are looking at the moment, pretty much flat at the moment. the aussie dollar ahead of the up just 0.1%. .7594. the rba is not expected to move interest rates. the nikkei is opening in a